recession

46 mn Americans live in poverty


September 13th, 2012 - 8:04 am ICT by IANS
Washington, Sep 13 (IANS) About 46 million Americans lived in poverty last year, accounting for 15 percent of the population, the US census bureau announced Wednesday.The poverty rate was not ... Read more...

Posted in Health Science |

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... Read more...

Posted in Business |

Needed to debate CAG findings: PM


September 7th, 2012 - 4:55 pm ICT by IANS
New Delhi, Sep 7 (IANS) Prime Minister Manmohan Singh Friday said there was "great respect" for India's official auditor but its findings have to be discussed in parliament."We have ... Read more...

Posted in Politics |

Recession-hit Italian hotels report fewer guests in 2012


September 7th, 2012 - 8:15 am ICT by IANS
Rome, Sep 7 (IANS/AKI) The number of guests in hotels in recession-hit Italy fell during the first eight months of this year, according to a study.Between January and August, the ... Read more...

Posted in World |

China approves 25 urban rail projects to boost economy


September 6th, 2012 - 1:31 pm ICT by IANS
Beijing, Sep 6 (IANS) China's top economic planning agency has approved 25 urban rail projects that could be worth more than 800 billion yuan ($126 billion). The National Development and ... Read more...

Posted in Business |

‘Deteriorating eurozone crisis may slow Chinese economy’


August 25th, 2012 - 2:39 pm ICT by IANS
Singapore, Aug 25 (IANS) A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report. The economists from the National ... Read more...

Posted in Business |

US durable goods orders go up


August 25th, 2012 - 1:50 pm ICT by IANS
Washington, Aug 25 (IANS) New orders for US-manufactured durable goods rose for the third consecutive month in July, said authorities. Orders for durable goods increased 4.2 percent last month to ... Read more...

Posted in Business |

Study reveals that recession is to be blamed for 1,000 suicides in UK


August 16th, 2012 - 8:12 pm ICT by Aishwarya Bhatt
London, Aug 16 (THAINDIAN NEWS) Suicides are very delicate cases that need to be handled with care. When you know a person who wants to commit suicide you need to have knowledgeable ... Read more...

Posted in World News |

Study reveals that recession is to be blamed for 1,000 Suicides


August 15th, 2012 - 7:19 pm ICT by Aishwarya Bhatt
London, Aug 15 (THAINDIAN NEWS) Study has discovered that 1000 suicides in England are caused by recession and probably the issue of unemployment. This was a statistic representing the evaluation between the ... Read more...

Posted in World News |

Austrian economy slows down


August 15th, 2012 - 2:35 pm ICT by IANS
Vienna, Aug 15 (IANS) The Austrian economy grew a mere 0.2 percent in the second quarter of 2012, the Austrian Institute of Economic Research (WIFO) reported. The figure was down ... Read more...

Posted in Business |

S&P; cuts ratings of 15 Italian banks


August 4th, 2012 - 3:22 pm ICT by IANS
New York, Aug 4 (IANS) Standard & Poor's Ratings Services has cut the ratings for 15 Italian banks, citing a potentially deeper and more prolonged recession in Italy than originally ... Read more...

Posted in Business |

Spanish consumer confidence at all-time low


August 4th, 2012 - 10:55 am ICT by IANS
Madrid, Aug 4 (IANS/EFE) Spain's ICC consumer confidence index dipped in July to its lowest level since the monthly survey was launched, the official Center for Sociological Research said.The ICC, ... Read more...

Posted in Business |

US consumer confidence slips


July 28th, 2012 - 1:26 pm ICT by IANS
Washington, July 28 (IANS) The US consumer confidence continued to decline in July after hitting a 4.5-year high in May, as the job growth is slowing and food prices are ... Read more...

Posted in Business |

IT sector to log 11-14 percent growth


July 25th, 2012 - 6:39 pm ICT by IANS
Chennai, July 25 (IANS) Information technology trade association Nasscom is expecting an 11-14 percent growth for the current year, its president Som Mittal said Wednesday."The growth is contributed by mid ... Read more...

Posted in Business |

Asset quality of Indian banks to weaken: S&P;


July 25th, 2012 - 3:58 pm ICT by IANS
New Delhi, July 25 (IANS) The quality of assets and earnings of banks in the emerging economies, especially India, is likely to weaken over the next 12-24 months owing to ... Read more...

Posted in Business |

US housing market ready to rebound


July 19th, 2012 - 3:03 pm ICT by IANS
Washington, July 19 (IANS) The US housing sector was ready to get back to work while the construction industry continued to struggle on the jobs front, said the US mortgage ... Read more...

Posted in Business |

Italy’s public debt rises to record high


July 17th, 2012 - 3:13 pm ICT by IANS
Rome, July 17 (IANS) Italy's public debt hit a record high in May despite Rome's recent efforts to ease the overstretched finances, showed a central bank report.The national debt stood ... Read more...

Posted in Uncategorized |

Sudan’s president warns protesters of ‘incinerating summer’


July 12th, 2012 - 5:10 pm ICT by IANS
Khartoum, July 12 (IANS/RIA Novosti) Sudanese President Omar al-Bashir has warned protesters against further protests and promised them an 'incinerating summer' instead of the Arab Spring.Protests against a government austerity ... Read more...

Posted in Politics |

4.5 mn jobs at risk in eurozone in four years: UN


July 12th, 2012 - 1:10 pm ICT by IANS
New York, July 12 (IANS/AKI) The 17-nation eurozone faces a further loss of 4.5 million jobs, prolonged recession and social unrest over the next four years, the UN has warned ... Read more...

Posted in Business |

Spain to trim another $80 bn with new austerity measures


July 12th, 2012 - 12:41 pm ICT by IANS
Madrid, July 12 (IANS/EFE) Spanish Prime Minister Mariano Rajoy announced Wednesday the fourth austerity package of his seven-month-old administration, a move aimed at achieving 65 billion euros ($80 billion) in ... Read more...

Posted in Business |

‘Dr Doom’ Nouriel Roubini says that the ‘perfect storm’ is brewing now


July 10th, 2012 - 8:06 pm ICT by Aishwarya Bhatt
New York, July 10 (THAINDIAN NEWS) Dr Doom – Nouriel Roubini may have gotten it right after all. He had predicted about a ‘perfect storm’ and now he says that it is ... Read more...

Posted in Business |

Obama seeks more action to rebuild US economy


July 8th, 2012 - 9:33 am ICT by IANS
Washington, July 8 (IANS) Stating that the country needs to do more than just reclaim the jobs lost during the recession, President Barack Obama has called for more action ... Read more...

Posted in Politics |

Britain’s construction sector contracts


July 4th, 2012 - 2:08 pm ICT by IANS
London, July 4 (IANS) The construction sector in Britain saw the sharpest fall in June for two and a half years, said a Markit/CIPS market sensitive survey report.The Markit/CIPS Construction ... Read more...

Posted in Business |

Berlusconi wants to be economy minister in 2013


June 28th, 2012 - 12:52 pm ICT by IANS
Rome, June 28 (IANS/AKI) Former Italian prime minister Silvio Berlusconi has said he would like to be economy minister if his conservative party wins the elections in 2013. Speaking to ... Read more...

Posted in Politics |

Europe must be sensitive to Greek people: French minister


June 22nd, 2012 - 7:21 am ICT by IANS
Luxembourg, June 22 (IANS) Europe must be more "sensitive" to the Greek people and take steps to help revive the country's economy, according to French Finance Minister Pierre Moscovici.Speaking ... Read more...

Posted in World |

Antonis Samaras sworn in as Greece prime minister


June 20th, 2012 - 9:58 pm ICT by IANS
Athens, June 20 (IANS) Antonis Samaras, leader of the New Democracy party, was Wednesday evening sworn in as the new prime minister of Greece.The presidential office said the Greek leader ... Read more...

Posted in Politics |

US industrial production down


June 15th, 2012 - 10:00 pm ICT by IANS
Washington, June 15 (IANS) US industrial production, an indicator of the output of mines, factories and utilities, edged down 0.1 percent in May following an increase of 1 percent in ... Read more...

Posted in Business |

Fitch downgrades Spain’s two major banks


June 12th, 2012 - 1:44 pm ICT by IANS
New York, June 12 (IANS) The rating agency Fitch downgraded Spain's two biggest banks by two notches despite the bailout effort made by the European Union (EU).Fitch Monday downgraded the ... Read more...

Posted in Business |

Italian priest offers couples own money to wed


June 12th, 2012 - 11:21 am ICT by IANS
Rome, June 12 (IANS/AKI) A priest in a small village in northern Italy says the weak economy is scaring couples away from the altar. So he has started offering an ... Read more...

Posted in Health Science |

Unemployment rate hit record high in Greece


June 8th, 2012 - 12:39 pm ICT by IANS
Athens, June 8 (IANS) The jobless rate in Greece hit a record high of 21.9 percent in March, official data showed.The figure was up from 21.4 percent in the previous ... Read more...

Posted in Business |

Slim chance of US slipping back into recession: Buffett


June 6th, 2012 - 3:55 pm ICT by IANS
Washington, June 6 (IANS) The possibility of the US economy sliding back to recession is very small despite the fragile economic recovery, US billionaire investor Warren Buffett said here.The US ... Read more...

Posted in Business |

Rupee will stabilise in around current range: Anand Sharma


June 5th, 2012 - 5:27 pm ICT by IANS
New Delhi, June 5 (IANS) The Indian rupee, which hit a record low of 56.52 against the dollar last week, is likely to stabilise soon at around the current range, ... Read more...

Posted in Business |

Crisil cuts India’s economic growth forecast to 6.5 percent


June 4th, 2012 - 8:23 pm ICT by IANS
Mumbai, June 4 (IANS) Ratings agency Crisil Monday cut its India's economic growth forecast for the current financial year to 6.5 percent from its previous 7 percent due to uncertainty ... Read more...

Posted in Business |

US business jet industry hit hard by downturn


May 31st, 2012 - 2:37 pm ICT by IANS
Washington, May 31 (IANS) The US business jet manufacturing industry was hit severely by the global economic downturn, said a report released by the US International Trade Commission (USITC).The report, ... Read more...

Posted in Business |

Britain sees 15 percent rise in suicides


May 25th, 2012 - 10:15 pm ICT by IANS
London, May 25 (IANS) Cases of suicide have risen by 15 percent since Britain plunged into recession, official figures reveal.Coroners courts concluded that 3,471 people had taken their own lives ... Read more...

Posted in Health Science |

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