US May restaurant sales down from record March
US May restaurant sales reached $46.5 billion, about $200 million down from March, which posted a record volume. However, in spite of the recent...
Producer prices dropped 0.2 percent in May
The US Bureau of Labor Statistics informed on Friday that producer prices dropped 0.2 percent in May, after rising 0.6% in April and 0.5%...
Excessive superstar talent can harm sports teams and the boardroom
Excessive superstar talent can be detrimental to sports teams and the boardrooom, says a study published in the journal Psychological Science. After a certain...
April air passenger traffic grew 6.7 percent
April air passenger traffic increased by 6.7%, driven by a 9% rise in international travel and 4.8% growth in domestic flights, according to Airports...
Is the German economy overheating?
In 2014, Germany’s gross domestic product (GDP) is forecast to expand by 2% and then by 2.5% in 2015, well above its 1.25% potential...
United States needs economic reforms for better growth
Even though its rebound is one of the strongest among the OECD countries, the United States needs economic reforms for better and more sustainable,...
S&P improves UK credit outlook to “stable”
The UK credit outlook has been improved to “stable” from “negative" by Standard & Poor’s (S&P), which had lowered the outlook in 2012. The...
CEO pay racing ahead
CEO pay among the top 350 publicly traded companies was 296 times higher than typical workers’ pay, a new study published by the Economic...
2014 UK interest rate rise?
Is a 2014 UK interest rate rise on the cards? Bank of England Governor, Mark Carney, signaled on Thursday that a rate increase “could...
Expedia accepts Bitcoin payments
With the news that now Expedia accepts Bitcoin payments, the virtual currency has received a massive boost after a turbulent few months. The world's...