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2007 Online Holiday Retail Sales Grew 29 Percent

added: 15-01-2008

Sales volume and the number of transactions conducted at 10 of the largest U.S. retail Web sites rose 29 percent during the 2007 year-end holiday shopping period, according to data tracked by the Chase Paymentech Pulse Index, suggesting that online shopping provided one of the few bright spots in an otherwise sluggish period for the retail sector.

U.K. and France Enjoy a Robust Online Christmas Shopping Season

added: 14-01-2008

comScore, Inc. released its final study of the online shopping activity of U.K., French and German consumers during the 2007 Christmas season. This study tracked the number of visits to online retail sites each week for the complete period between October 29 and December 23, using data from the comScore World Metrix audience measurement service.

Industrial Production Down by 0.5% in Euro Area in November 2007

added: 14-01-2008

In November 2007 compared with October 2007, seasonally adjusted industrial production fell by 0.5% in the euro area (EA13) and by 0.3% in the EU27. In October production grew by 0.5% in both zones. In November 2007 compared with November 2006, industrial production rose by 2.7% in the euro area and by 2.6% in the EU27.

Is Immigration the Cure for a Declining Working Population?

added: 14-01-2008

The demographic make-up of Europe is changing. We are getting older and the number of people of working age is decreasing. A study commissioned in 2007 on "Europe's Demographic Future" found that around 56 million immigrant workers could be needed by 2050 to compensate for this decline.

The Cypriot and Maltese Changeover are Almost Complete

added: 14-01-2008

The active phase of the euro changeover is now nearly finished in Cyprus and Malta. Thanks to intensive and systematic preparations and to the active and enthusiastic participation of citizens, the euro has been introduced quickly but smoothly into the daily life of the Cypriot and Maltese populations and the former currencies have now nearly vanished from wallets. Drawing the lessons of the 2002, 2007 and 2008 changeovers, the Commission has adopted a new recommendation on the organisation of future euro changeovers.

2007 Venture Fundraising Reaches Highest Level Since 2001

added: 14-01-2008

Two hundred and thirty-five venture capital firms raised $34.7 billion in 2007 according to Thomson Financial and the National Venture Capital Association (NVCA).

Recession in US Consumer Spending

added: 14-01-2008

ChangeWave Research's latest consumer spending survey points to a recession in U.S. consumer spending.

Consumer Affairs: European Parliament to vote on Consumer Credit Directive

added: 14-01-2008

Consumers across Europe would be able to make better informed choices when they take out consumer credit loans - paying for holidays, weddings or a new car - following a vote in the European Parliament on Wednesday 16th January 2008. The proposed EU Directive on Consumer Credit Loans aims to break open the €800 billion EU consumer loans market which remains largely fragmented into national markets denying consumers choice and more competitive prices. The new rules will make the market more transparent for consumers and business competitors.

Euro Area MFI Interest Rate Statistics in November 2007

added: 14-01-2008

In November 2007 the majority of euro area average MFI interest rates on new deposits and new loans remained broadly unchanged.

U.S. Import and Export Price Indexes in December 2007

added: 14-01-2008

The U.S. Import Price Index was unchanged in December, the Bureau of Labor Statistics of the U.S. Department of Labor reported. A 0.3
percent increase in nonpetroleum prices was offset by a 0.6 percent decline in the price index for petroleum. U.S. export prices advanced 0.4 percent in December following a 0.9 percent rise in November.

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