Navigating family stress during the holidays
For many families, the holidays is a period of family stress and totally unrelated to television commercials and…
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Why is US card security so lax?
The data breach of retailer Target Corp’s credit card system shows how lax US card security is, even though…
US GDP growing 4.1% annually
US GDP grew at 4.1% annual rate during the third quarter of 2013, according to a third estimate released by the…
UK economy growing faster than expected, but deficit high
The UK economy is growing faster than expected, in spite of fears that underlying weaknesses still linger.…
Global smartphone apps processor market grows 31%
The smartphone apps processor market expanded by 31% in the third quarter of 2013 compared to Q2 2012, says a new…
State personal income slowed in Q3 2013, USA
State personal income slowed down to 1.1% in Q3 2013, compared to 1.2% in Q2 2013, according to estimates published…
US Leading Economic Index rose in November
The US Leading Economic Index rose to 98.3 in November (2004 = 100), an increase of 0.8% from October, which had…
SAAB wins Brazilian fighter jet contract worth $4.5bn
Amid fierce competition from US’ Boeing and France’s Dassault Aviation, Sweden’s SAAB wins the Brazilian fighter…
Plastic banknotes to be issued, says Bank of England
Plastic banknotes will replace the current cotton paper £5 and £10 ones, the Bank of England has announced.…
Bitcoin panic selling after China restricts exchanges
Bitcoin panic selling has sunk the virtual currency’s value to less than half its recent trading price after The…
Ukraine and Russia sign gas deal
Ukraine has signed a deal with Russia that involves a major discount on gas prices as well as the purchase of…
US current account deficit 4-year record low
The US current account deficit for the third quarter of 2013 was $94.8 billion, a 4-year record low, according to…
Glaxo to stop paying doctors for promoting its drugs
Glaxo (GlaxoSmithKline) announced that it is to stop paying doctors for promoting its medications.
After a…
UK companies positive on job creation
More than half of UK companies say they expect to create new jobs, the first time since the start of the Great…
OPEC pumps less crude oil in November
November crude oil production among OPEC countries fell 230,000 barrels per day from October to 29.7 million b/d,…
Eurozone economic recovery lopsided
Although the Eurozone economic recovery continues, Markit’s latest PMI (Purchasing Managers’ Index) for December…