US labor productivity improved 2.3 percent in Q2 2014
In the second quarter, US labor productivity improved by 2.3%, says the Bureau of Labor Statistics, part of the Department of Labor. Hours worked...
Strong August UK car sales
August UK car sales grew for the 30th consecutive month, as private and fleet consumer confidence surged, said the Society of Motor Manufacturers and...
ECB slashes rates to spur growth
The ECB slashes rates, surprising analysts, to bolster economic growth and prevent a Eurozone slide into a deflationary spiral. The ECB Governing Council reduced...
Bank of England holds benchmark interest rate at 0.5%
The Bank of England holds its benchmark interest rate at 0.5%, the lowest level in its 320-year history. Governor Mark Carney and colleagues at...
German factory orders rise in July
German factory orders increased by 4.6% in July compared to June, after declining during the previous two months, according to figures published today by...
CVS quits tobacco, not Walgreens
America’s second largest pharmacy chain CVS quits tobacco and changes its corporate name to CVS Health in what the company describes as an “important...
Strong US August auto sales
US August auto sales were surprisingly strong, at (annualized rate) 17.3 million vehicles , the highest rate since January 2006’s 17.6 million. Analysts had...
European Commission fines smart card chip makers €138m for price fixing
The European Commission fines smart card chip makers €138 million ($181 million) for coordinating their market behavior, thus violating European Union (EU) anti-competition rules that...
Zalando IPO plan announced
Today’s Zalando IPO announcement for the second half of 2014 in the Frankfurt Stock Exchange is set to become one of the largest European...
World Competitiveness Report 2014-2015
The World Competitiveness Report 2014-2015, published by the World Economic Forum (WEF) was released today. The WEF warns that despite several years of bold...