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added: 07-05-2008

EU legislation needs to be updated to keep pace with the rapid progress in the market and technologies of the electronic communications industry internet, fixed line and mobile telephone. Two committees of the European Parliament are sharing this legislative workload: the Internal Market Committee focuses on universal service provision and consumer rights while the Industry Committee deals with other aspects of the telecoms package.

Volume Of Retail Trade Down By 0.4% In Euro Area in March 2008

added: 07-05-2008

In March 2008, compared with February 2008, the volume of retail trade fell by 0.4% in the euro area (EA15) and by 0.7% in the EU27. In February retail trade fell by 0.2% and rose by 0.6% respectively.

Multifactor Productivity Trends in 2007

added: 07-05-2008

Multifactor productivity, defined as output per combined units of labor and capital inputs, grew at an annual rate of 0.7 percent in the private business sector and 0.6 percent in the private nonfarm business sector for 2007, the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor reported.

Food And Health Crisis In Developing Countries

added: 07-05-2008

To halt rising food prices and improve health in the developing countries, pragmatic measures are needed. Among other things, agriculture in African countries must be developed, the emphasis on bio-fuels must be rethought and tropical diseases must be tackled. This was the message of Jeffrey Sachs, special adviser to UN Secretary General Ban Ki-moon, to the EP Development Committee on Monday.

Single Market Problem-Solving Network Sees 75% Growth in Case Volume in 2007

added: 07-05-2008

A Spanish student wanted to start her university studies in Belgium, but was refused because the original certified diploma of her secondary education had not been issued yet by the Spanish authorities. SOLVIT persuaded the university to accept other evidence so that she would not miss an entire academic year.

The Leading Index for Japan Increased 0.1 Percent

added: 07-05-2008

The Conference Board reports that the leading index for Japan increased 0.1 percent, and the coincident index decreased 0.8 percent in March.

US Stock Market: Financials Down 1.7%

added: 07-05-2008

Market down 27, financials down 1.7% and resources up 0.9% with oil hitting all time inter-day record and closing $3.65 at $119per barrel. SFE Futures predicted a 3 point fall in the market this morning.

US Bankruptcies Jumped in April 2008

added: 07-05-2008

US business conditions are getting tougher. US homewares retailer, Linens 'n Things went into bankruptcy protection in the US late last week and yesterday regional gambling operator, Tropicana went into Chapter 11 protection, becoming two of the higher profile American failures of 2008 so far.

Fitch: Weak Sales for U.S. Retailers in the Remainder of 2008

added: 07-05-2008

Fitch Ratings expects that comparable store sales performance in the U.S. retail industry will remain weak for the remainder of 2008, particularly in the discretionary apparel and home products segments. Retail operators continue to face a challenging consumer environment characterized by higher energy and commodity costs, increased unemployment rates, falling real estate and stock prices, and declines in credit availability.

Homeowner Perception of Home Value Inches Closer to Reality in Q1 but Wide Gap Still Exists

added: 07-05-2008

Despite continued home value declines nationwide, U.S. homeowners remain bullish about their own home's value. For the second consecutive quarter, homeowner perception about changes in their personal home value is markedly off from the reality, according to a recent Zillow(R) survey of homeowner confidence conducted by Harris Interactive(R).

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