News

German economic growth slows, but still growing

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German economic growth in the private sector slowed down in March, according to the Markit Flash Germany Composite Output Index, which came it at...

March Eurozone growth sustained but slower

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March Eurozone growth continues the bloc’s strongest period of GDP expansion since the first half of 2011. While March’s PMI (Markit Purchasing Managers Index)...

French business growth registered in March

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French business grew in March; private firms registered their fastest pace of expansion in 30 months, reversing predictions of further GDP shrinkage. A preliminary...

Income inequality could worsen globally

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Global income inequality could get worse, as well as social divisions, says a new OECD report. The authors warn that the problems could become...

US Long term unemployed mostly jobless for life

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Only 11% of the US long term unemployed manage to regain meaningful sustainable jobs, while the rest tend to remain pretty much jobless for...

IMF reforms impossible without US support

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IMF reforms are impossible without US support, Christina Lagarde, Managing Director of the International Monetary Fund said today in a speech delivered at Beijing's...

February existing home sales fell to 19-month low, US

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February existing home sales fell to a 19-month low due to abnormally harsh weather conditions and rising prices, says the National Association of Realtors....

Hepatitis drug Sovaldi $1,000 per tablet, lawmakers scrutinize

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Gilead Sciences’ new hepatitis drug Sovaldi (sofosbuvir), at $1,000 per tablet or $84,000 for a course of treatment, has attracted the attention of US...

Lufthansa pilots vote overwhelmingly to strike

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Ninety-seven percent of Lufthansa pilots voted to strike for better working conditions, transition contracts and pay. Lufthansa, the flag carrier of Germany, is the...
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Construction recovery accelerating, not yet robust, US

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The construction recovery is accelerating and will continue to do so with meaningful gains, but is still not robust, says a new survey published...