American household wealth still below 2006 levels
American household wealth is still below levels enjoyed before the Great Recession; 14% below the last peak in 2006, in spite of an optimistic...
British Airways and Vueling bring IAG back to profit
IAG returned to profit in 2013, thanks to British Airways and Vueling, the Spanish budget airline. International Airlines Group (IAG), which owns British Airways,...
Angela Merkel addresses British parliament
Angela Merkel, the German Chancellor, in an address today to both British Houses of Parliament – The Commons and The Lords - said the...
Moderate economic growth forecast, US
A moderate economic growth forecast for 2014 has been published by Fannie Mae’s Economic & Strategic Research Group.
Despite a slow start to the first...
RBS posts huge annual lost
RBS has posted a pre-tax loss of £8.243 billion for 2013, its largest annual loss since 2008, compared to £5.2 billion in 2012. RBS...
Airbus aircraft production to increase
Airbus aircraft production, specifically its A320 jets, is to increase, the company said as it announced a rise in 2013 profits.
Net income increased to...
Rural startups go far away to get bank loans
Rural startups are badly serviced by local bank branches for loans and assistance, researchers at Baylor University reported in a new study.
Entrepreneurs and small...
More JP Morgan job cuts
JP Morgan job cuts in its retail banking and mortgage sections will involve 8,000 employees.
America’s largest bank, which had previously announced a 4,000 reduction...
European economic recovery gaining ground
The European economy is gaining ground, says the European Commission, though not at the same rates or strengths in all countries.
The consequences of debt...
Fed stimulus pullback, is timing right? Economists divided
Economists at the National Association for Business Economics (NABE) are equally divided on whether the Fed stimulus pullback – tapering back on its bond-buying...