Tag Archive | "economy"

More comfortable economy airline seats to be launched

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LONDON – More comfortable economy airline seats will be launched to make the economy flight experience a luxurious one. So people who purchase an economy ticket might just as well get the same comfortable seats of the business class. The seats will be changed on AirGo airline, a Malaysia based airline, to allow passengers to [...]

China to be world’s No.1 economy in 2030

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A study led by the National Intelligence Council claims that in 20-years time China will be the world’s leading economy. The United States will still be one of the world’s most important countries but won’t exert “any hegemonic power” the reports says. The reports also claims that increased wealth will give more power to the [...]

China: Growth stabilizing at slow pace

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BEIJING – Government efforts to reverse China’s economic slump are taking effect and growth is “stabilizing at a slow pace,” the head of the country’s planning agency said Wednesday. The statement by the minister in charge of the National Development and Reform Commission came amid a flurry of mixed signals that show some activity picking [...]

German economy keeps losing steam

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BERLIN – Official figures show that retail sales in Germany unexpectedly fell in May, in another sign that Europe’s largest economy is coming off the boil. Germany’s Federal Statistical Office said Friday that sales. Adjusted for seasonal factors, fell by a monthly rate of 0.3 percent, in contrast to market expectations for a flat reading. [...]

Euro rate increased ahead of Greek vote

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PARIS, FRANCE – It has been reported that the euro is rising slightly against the dollar on expectations that global central banks are willing to help if Europe’s debt crisis gets worse. Traders will be watching Sunday’s Greek election closely. If a new government rejects terms of the country’s bailout loans, Greece could be forced [...]

Market pressure in Spain, investors need to calm down

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MADRID – It has been reported that Spain insisted Friday it is financially stable because its heavily indebted regions are now meeting deficit reduction targets, but investors remained worried about the country’s ability to rescue another part of its financial system – the banks – and kept the government’s bond yields dangerously high. The nation’s [...]

Obama assures Americans saying economy will get stronger

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GOLDEN VALLEY, Minnesota – Americans do not need to worry. It has been reported that President Barack Obama says the May U.S. jobs report shows that America’s economy is not creating jobs “as fast as we want,” but he says the economy will improve. Obama says that “we will come back stronger. We do have [...]

US economy gets weaker and weaker over jobs report

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WASHINGTON – It has been reported that the U.S. economy is looking slightly weaker one day before a critical report on May job growth. Economic growth was a little slower in the first three months of the year than first estimated, largely because governments and consumers spent less and businesses restocked their supplies more slowly. [...]

EU fiscal treaty to be supported

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DUBLIN – It has been reported that Irish Prime Minister Enda Kenny made a nationally televised appeal Sunday to voters to support the European Union’s fiscal treaty in a referendum this week, warning that rejection would send the signal that Ireland was not serious about tackling its deficits and was no longer a secure member [...]

Dollar gets higher following worries over world's economy

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NEW YORK – It has been reported that fears of a slowdown in the global economy are pushing the dollar higher against most major currencies. Ratings agency Fitch downgraded Japan’s credit rating, citing the country’s ballooning government debt. Continuing political and financial uncertainty in Greece pushed shares on the Athens Stock Exchange to their lowest [...]

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