Barclays Q1 2014 profits fell 5%
Barclays first quarter profits fell 5% to £1.69 billion after a 28% decline in investment bank income. The UK’s third largest bank had warned...
Better Life Index released by the OECD
According to the OECD’s Better Life Index, the Danes want to be happy, Australians strive for work-life balance, while the Japanese are most concerned...
EU GDP growth forecast 1.6% for 2014
The European Commission’s EU GDP growth forecast has been increased to 1.6% for the 26-nation trading bloc for 2014 from 1.5% in February. Real...
Asia-Pacific economic rebound
The Asia-Pacific economic rebound is gaining traction, according to the latest APEC Economic Trends Analysis report. However, the authors warn that higher production efficiency...
China bans British cheese imports, after inspecting non-exporting dairy
China bans British cheese imports after food inspectors said hygiene standards in one dairy was not up to standard. UK cheese makers wonder whether...
Pfizer profits down 15% in Q1 2014
With Pfizer profits down 15% to $2.3 billion during the first quarter of 2014 compared to the same period in 2013, many experts comment...
US Corporate tax system keeps money abroad
The US Corporate tax system keeps money abroad, according to a new Council on Foreign Relations (CFR) Scorecard. Corporate tax, also called corporate income...
German April manufacturing grew
German April manufacturing grew, according to the Markit/BME Germany Manufacturing Purchasing Managers’ Index which increased to 54.1 compared to 53.7 in March. Any reading...
Portugal needs no more bailouts
Prime Minister Pedro Passos Coelho said on national TV that Portugal needs no more bailouts as his country plans to exit its €78 billion...
April restaurant job growth, US
April restaurant job growth continued strong in the US as a net 32,600 new positions were created on a seasonally adjusted basis, said the...