The economy is now likely expanding at just half the brisk 5.9 percent pace at which the government on Friday estimated it grew last quarter. Business spending will make up for some of a slowdown in consumer spending — but not likely enough to reduce the jobless rate much.
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As Europe embarks on its projected recovery, wide differences in economic performance and financial stresses will persist, IMF officials say.
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Feb. 27 (Bloomberg) — BP Plc ’s Russian venture, TNK-BP, is considering unconventional gas opportunities in eastern Europe, as hard-to-extract deposits start to “make sense” with available technology and pricing conditions.
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The EU High Representative for foreign affairs has become the “mediocrity everybody loves to hate” as Brussels is torn by bureaucratic turf-wars
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The Jumble Room, in Grasmere, has been named number one in the Sunday Times’ list of 20 Great Little Restaurants in Europe.
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BERLIN: Japanese auto maker Suzuki has recalled several thousand ‘Concept A-Star’ cars built by its Indian joint venture Maruti Suzuki and marketed in Europe as ’Suzuki Alto’ models because of problems with the fuel tanks in some cars.
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AXA Cooperative Insurance Company AXA Cooperative Insurance Company received Monday 1st Feb 2010 license (number TMN/25/20101) dated on (11/02/1431 H) to practice Insurance & Reinsurance business in Kingdom of Saudi Arabia, in accordance with the cooperative insurance law and its regulations.
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Based on its recent analysis of the automotive business strategy market, Frost & Sullivan recognises e-Traction Europe B.V. with the ‘2010 European Automotive Technology Innovation Green Excellence Award’. e-Traction Europe’s Electric Corner Module solutions, operating at more than 85 percent efficiency and delivering up to 15,000 Nm of direct drive traction, have been implemented in numerous …
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Shares climb in Europe on Friday, taking back some sharp losses made in the previous session when worries about Greece’s fiscal health dominated.
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BT has won a five-year 13.6m euros ($18.5m) managed services contract from PaperlinX Europe, a large Netherlands-based distributor of paper, sign and display products and packaging materials in Europe, to consolidate its communication infrastructure.
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