Both Chinese PMIs for May encouraging
Fears of a steep slowdown in GDP growth may have been allayed after both Chinese PMIs for May (services and manufacturing) were published. China’s...
UK May manufacturing output strong
UK May manufacturing output grew for the fifteenth consecutive month, reflecting better economic conditions and improved order books, according to the Markit/CIPs UK Manufacturing...
May Eurozone manufacturing growth slowed down
May Eurozone manufacturing growth registered its steepest slowdown in six months, according to Markit Eurozone Manufacturing PMI – final data. May Eurozone PMI (Purchasing...
IATA lowers airline profits forecast
IATA, which represents over 200 airlines, lowers its global airline profits forecast to $18 billion for 2014. The International Air Transport Association (IATA) said...
Asian overall debt increased in 2013
At 208% of GDP, Asian overall debt reached a record high in 2013, compared to 192% the previous year. Indebtedness increased across the whole...
Wind energy can reduce CO2 emissions from power plants
The American Wind Energy Association (AWEA) is reminding that wind energy can reduce CO2 emissions from power plants. The Environmental Protection Agency is about...
Prostitution plus illegal drugs 0.7 percent of UK GDP
Prostitution plus illegal drugs make up approximately 0.7% of the United Kingdom’s GDP, i.e. about £10 billion ($16.76 billion) each year. Illegal drugs are...
Brazilian economy grew 0.2% in Q1 2014
The Brazilian economy grew by just 0.2% during the first quarter of 2014 compared to the previous quarter, says the Brazilian Institute of Geography...
EU energy security, Commission puts forward strategy
With EU energy security at the fore of most European leaders’ minds, especially after the scares of 2006 and 2009 caused by a Russia-Ukraine...
Ukraine pays 786m dollars towards 3.5bn Gazprom debt
Hopes are raised as Ukraine pays 786m dollars towards its $3.5bn debt with Gazprom. According to EU Energy Commissioner, Guenther Oettinger, Ukraine and Russia...