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added: 03-07-2008

Oil companies put the brakes on the U.S. economy this spring by manipulating the supply of diesel fuel and spiking the price, according to a new study commissioned by Consumer Watchdog. The detailed report shows that oil companies and their refiners produced less diesel, imported less diesel and exported far more diesel early in 2008 than in previous years.

European Inflation is Rising

added: 03-07-2008

The Irish economy is moving closer to recession, and now economists say that Denmark, Portugal, Italy and Spain are hovering on the brink as the European Central Bank prepares to lift rates by 0.25% to 4.25%.

Body Blow For UK Housing

added: 03-07-2008

The UK housing sector, already best by plunging demand and prices, has been hit with a potential body blow which could tip the economy into a deep recession.

CEO Confidence Continues to Plunge

added: 03-07-2008

Amidst a 10 percent decline in the Dow Jones Industrial Average over the last month, the Chief Executive magazine CEO Index plunged 11.80 percent, or 11.3 points, to 84.5 points (the Index started at 100 points in October 2002) this month, according to its monthly polling of C-suite executives. The leading economic indicator has lingered around its historical lows throughout the last quarter.

Labour Market Discrimination Still a Big Problem in OECD Countries

added: 03-07-2008

Women are 20% less likely than men to have a paid job in OECD countries and they earn on average 17% less than men, according to the latest edition of OECD’s Employment Outlook. At least 30% of the gap in wages and 8% of the gap in employment rates result from discriminatory practices in the labour market.

14.5 Million Employees to Benefit from Improved Information and Consultation Rights

added: 02-07-2008

The European Commission adopted a legislative proposal to improve the role of European Works Councils in informing and consulting employees. European Works Councils (EWCs) currently operate in 820 major companies across the EU, covering some 14.5 million employees.

Europeans' Social Expectations in 20 years' time

added: 02-07-2008

A Eurobarometer survey, carried out in April this year, sheds light on what Europeans believe their social reality will be in 20 years' time. It examines their expectations in terms of improvement or deterioration of their lives in general, how they think social conditions will evolve over that period, and how they think society should deal with future challenges.

Fitch: European Autos - Emerging Markets Mitigate Weak Mature Markets Growth

added: 02-07-2008

Fitch Ratings says continuous robust new cars sales growth in several emerging markets, including Russia, India, China, Brazil (BRIC countries) and Argentina, mitigates poor demand in European manufacturers' domestic markets. Together with the rapid development of low-cost cars, the major move of car manufacturers to emerging regions is one of the main trends in the auto industry.

EU-Mediterranean Trade

added: 02-07-2008

Trade relations between the EU and the neighbouring Southern Mediterranean (MED) countries are governed by the Euro-Mediterranean Partnership (also referred to as the Barcelona Process), which was launched in November 1995. The partner countries are Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia and the Palestinian Authority, as well as Turkey.

Annual Inflation in the OECD Rises to 3.9% in May 2008

added: 02-07-2008

Consumer prices in the OECD area rose by 3.9% in the year to May 2008, compared with 3.5% in the year to April 2008. This constitutes the highest inflation rate since June 2001. On a monthly basis, the price level rose by 0.7% in May, compared with 0.5% in April.

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