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Tag Archives: Economy

Pew Research’s study reveals 29% people think internet has good influence on morality as opposed to 42%

NEW YORK: Most of the people in the world strongly believe that internet has negative influence on morality. While others are of the views that internet has positive impact on education, personal relationships and economy. According to Pew Research’s study, only 29 percent people thought that the internet had a good influence on morality as opposed to 42 percent who ... Read More »

Tourism industry injects $7.6bn into Qatar’s economy

DOHA: Arabian Travel Market’s 2015 roadshow series arrived in Qatar here the other day to meet with key industry players and highlight the country’s healthy growth in the hotel and tourism sector, which saw over $2.5bn in contracts awarded in 2014. Qatar will be represented at ATM 2015 by Qatar Tourism Authority (QTA), Qatar Airways, Al Rayyan Hospitality, and Katara ... Read More »

EU finance ministers reach consensus on €315 billion plan to help revive European economy

AMSTERDAM: EU finance ministers agreed the details of a €315 billion investment plan to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year. EU lawmakers must now approve the fund. “The plan is the answer we need to confront the main handicap of the European ... Read More »

Fragile economy, unemployment: SA in top five of world’s most miserable countries

CAPE TOWN: South Africa has come in third on Bloomberg’s misery index, a list of most painful economies in which to work and live, after Venezuela and Argentina. The list is compiled based on unemployment rates and changes in the consumer price index. (Gallo) Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, ... Read More »

Ireland economy grows 4.8% of GDP as net exports up 10.5% in 2014

DUBLIN: The economy grew by 4.8% of GDP last year – the fastest growing economy in the European Union, according to preliminary figures from the Central Statistics Office. Net exports grew by 10.5%, while domestic demand – a key driver of jobs growth – grew by 3.5%.Spending on personal consumption grew by over 1%, with spending on goods up by ... Read More »

Skillful economy helps Malaysia to achieve high income status: IMF

KUALA LUMPUR: Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund. “Robust domestic demand supported by sound macro-financial policies is driving strong, non-inflationary growth in the face of uncertain external conditions and declining commodity prices,”it assessed, in its latest annual Article IV ... Read More »

Skillful economy helps Malaysia to achieve high income status: IMF

KUALA LUMPUR: Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund. “Robust domestic demand supported by sound macro-financial policies is driving strong, non-inflationary growth in the face of uncertain external conditions and declining commodity prices,”it assessed, in its latest annual Article IV ... Read More »

Turkishish economy gets thumbs up from global investors: Ahmet Davutoğlu

ANKARA: Minister Ahmet Davutoğlu, speaking late during his return flight to Turkey from his successful U.S. visit where he met with top global investors, said many were positively surprised by the pro-business policies implemented by the government and pledged to increase capital flow to Turkey. Speaking to journalists accompanying him, he said the government had announced a very detailed economic ... Read More »

France pledges $11 billion to boost economic growth

PARIS: France will commit €8.0 billion ($A11.35bn) as part of European Commission President Jean-Claude Juncker’s plan to boost economic growth. To create an effect of leverage, the Juncker plan must attract other contributions – public contributions and private contributions – and France,through the Caisse des depots and the Public Investment Bank, will put in eight billion euros,” President Francois Hollande ... Read More »

Fragile economy, unemployment: SA in top five of world’s most miserable countries

CAPE TOWN: South Africa has come in third on Bloomberg’s misery index, a list of most painful economies in which to work and live, after Venezuela and Argentina. The list is compiled based on unemployment rates and changes in the consumer price index. (Gallo) Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, ... Read More »

ICAEW lowers its 2015 growth forecasts for UK economy from 2.5% to 2.4%

LONDON: UK companies are putting the brakes on investment spending, slowing the economic recovery amid concerns about the eurozone and general election, a business group has warned. The government’s hope for trade and investment-led recovery remains elusive, leaving Britain’s fortunes heavily dependent on the consumer, according to the Institute of Chartered Accountants in England and Wales (ICAEW). The ICAEW lowered ... Read More »

Fragile economy, unemployment: SA in top five of world’s most miserable countries

CAPE TOWN: South Africa has come in third on Bloomberg’s misery index, a list of most painful economies in which to work and live, after Venezuela and Argentina. The list is compiled based on unemployment rates and changes in the consumer price index. (Gallo) Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, ... Read More »

Dutch economy shows signs of recovery, posts growth of 0.5% in last quarter of 2014

AMSTERDAM: The Dutch economy is continuing signs of recovery, posting growth of 0.5 percent in the last quarter of 2014, according to official bureau Statistics Netherlands (CBS). This is now the third consecutive quarter where growth has been measured, the CBS reported on Friday. In comparison with the fourth quarter of 2013, the economy is a full one percent greater. ... Read More »

Thai deputy prime minister says economy shambles into 2015

BANGKOK: Thai deputy prime minister Pridiyathorn Devakula has said that economy has reacted so favourably to the initial injection of funds primarily to rubber and rice farmers . Thai Economy Loses $12 billion in 2014. What’s Ahead for 2015?  that additional economic stimulus measures would not be necessary. A little more than three weeks after proclaiming that a second round ... Read More »

Philippines economy grows by 6.1% in 2014

MANILA: Philippines economy has grown by 6.1% in 2014 after expanding 7.2  percent in 2013. This is due to lower oil prices which would keep inflation in check and make local  industries competitive. Speaking at the 18th Outstanding Filipino Retailers and Shopping Centers of the Year Awards Night, Trade Secretary Gregory Domingo said  that while the economy is expected to ... Read More »

Philippines economy grows by 6.1% in 2014

MANILA: Philippines economy has grown by 6.1% in 2014 after expanding 7.2  percent in 2013. This is due to lower oil prices which would keep inflation in check and make local  industries competitive. Speaking at the 18th Outstanding Filipino Retailers and Shopping Centers of the Year Awards Night, Trade Secretary Gregory Domingo said  that while the economy is expected to ... Read More »

Austria’s economy deteriorates in 2014

VIENNA: As tepid export-demand was unable to offset continuing weak domestic demand, Austrai’s economy declined in the end of 2014, said the country’s main economic forecaster. After growing slightly in the first half of 2014, the Austrian economy stagnated on a quarterly basis in the second half, the Austrian Institute of Economic Research said. For the entire year, the Austrian ... Read More »

Japanese business sentiment edges up, as economy bounces from fall

TOKYO: Japanese business sentiment has edged up in February and it is seen improving further, an underlining the economy’s gradual recovery from a slump although companies remain wary about sluggish demand. which closely tracks the Bank of Japan’s key tankan survey – backs this week’s GDP report which confirmed the economy pulled out of a recession, although annualised growth was ... Read More »

NZ dollar falls to 75.31 US cents on better-than-expected

WELLINGTON: The New Zealand dollar has fallen as the greenback advanced after better-than-expected US data on inflation and business orders bolstered confidence about the outlook for the world’s largest economy. The kiwi slipped to 75.31 US cents at 8am in Wellington, from 75.63 cents. The trade-weighted index was at 78.22 from 78.26 yesterday. The dollar index, which measures the greenback ... Read More »

Spanish economy expands by 1.4% in 2014

MADRID: Spanish economy has expanded by 1.4 percent in 2014, after five years of recession or no growth. The gross domestic product (GDP) of the eurozone s fourth largest economy rose to 1.06 trillion euros, Ine said in a statement. Last year also marked the first full year of economic growth since a 2008 property crash which put millions of people ... Read More »