Registered unemployment climbed at a slower pace in June according to the latest figures from the Statistical Service. The number of unemployed registered at the District Labour Offices on the last day of June 2010 was 22,460, a rise of 34.2% compared with June 2009. Although this was a steep increase, it was lower than
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Tourism revenue rose in April despite the 23% fall that was probably related to volcanic ash disruption. On the basis of the results of the Passenger Survey, revenue from tourism reached EUR 164.8 mln in May 2010, a rise of 4.2% compared with the EUR 158.1 mln recorded in May 2009. For the period January
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Industrial production fell in April according to the latest figures from the Statistical Service, Cystat. The index reached 90.2 (base 2005=100), recording a decrease of 3.0% compared with April 2009. At the same time, the manufacturing index in April fell by 7.5% compared with April 2009. For the period January – April 2010 the index
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Shareholders in British oil company BP balked at reports it would seek urgent investment from a wealthy Middle East or Asian country as clean-up costs for its U.S. oil spill topped $3 billion. Over the weekend, while U.S. Independence Day holidaymakers shunned Gulf of Mexico beaches tarred by the leaking well, media reports said BP
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European share prices were little changed in thin trading on Monday as U.S. markets remained closed for the Independence Day holiday, although lingering uncertainty over the results of stress tests conducted on European banks hurt financial stocks. The volume on the FTSEurofirst 300 index of top European shares was just 15 percent of the index's
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Central banks may be the only remaining line of defense against a scary-but-remote double-dip recession threat. The European Central Bank and the Bank of England both hold policy-setting meetings on Thursday that are likely to yield no changes in already record-low interest rates. "I suspect (ECB President Jean-Claude) Trichet would like next week's meeting to
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Bulgaria plans to overcome its overwhelming dependence on Russian energy by building new gas pipeline links with neighbouring Greece, Romania, Turkey and Serbia, a draft energy strategy showed on Monday. It also seeks Western investors for a planned new nuclear power plant at Belene, aims to fight more effectively climate change and improve energy efficiency.
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The dollar held steady near a two-month low on Monday and the euro paused after last week's boost from unwinding of short and leveraged positions, with traders and analysts seeing scope for it to squeeze a bit higher. With attention turning to a slowdown in the United States and away from the euro zone's banking
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Asian stocks inched higher on Monday, with investors taking profits on defensive plays and buying back other beaten down shares, though selling could resume shortly as the U.S. and Chinese economies are slowing in tandem. Financial bookmakers expected major European stock markets to open slightly lower, with slowing economic growth likely to cause profit expectations
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Britain's coalition government defended plans on Sunday to consider far deeper public spending cuts than expected after opponents warned that it could trigger a second recession and a wave of strikes. The opposition Labour Party, which lost power in May after 13 years, said the government's decision to look at cuts of up to 40%,
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