Rate rigging – EU fines 8 institutions €1.71 billion
The European Commission has imposed fines totaling €1,712,468,000 on eight international financial institutions for taking part in illegal cartels in markets for financial derivative...
Sickness absence costs UK economy £100 billion a year as 650,000 phone in sick...
In the UK, 650,000 workers phone in sick every week, costing the economy £100 billion a year, says a leading charity.
This rate of sickness...
OECD’s PISA test says Shanghai’s 15-year-olds are the best educated in world
The OECD's 2012 PISA tests for math, reading and science show that Shanghai's 15-year-olds are most likely the best educated in the world.
The 2012...
US November auto sales beat expectations
US November auto sales exceeded estimates by experts throughout the industry, with Chrysler Group reporting a 16% increase in deliveries of cars and trucks,...
Brazil Manufacturing PMI deteriorates in November
After improving slightly in October (50.2), Brazil Manufacturing PMI deteriorated to 49.7, according to the seasonally adjusted HSBC Brazil Purchasing Managers’ Index (PMI).
HSBC described the...
SAAB restarts producing cars in Sweden
Saab has restarted producing cars, Chinese-Swedish investment group, National Electric Vehicle Sweden (Nevs) has announced.
Production resumed at Saab’s Trollhattan factory in western Sweden.
In December, 2011,...
Consumers in emerging markets remain optimistic
A new report from a global management consultancy finds that consumers in some of the world's biggest emerging markets remain optimistic, and the economic...
Extreme weather events warning, Europe
Extreme weather events have become more common in Europe over the last 30 years, 60% more common, according to the European Academies Science Advisory...
Manufacturing accelerated in November, USA
Manufacturing accelerated to 57.3 - a two-year high - in November in the United States, according to the Institute of Supply Management’s (ISM) index.
Analysts...
Euro reaches five year high against the Japanese yen
Following data indicating that eurozone unemployment is decreasing, the value of the euro is crawling back up to as high as $1.3621 (trading at...