The US economy has not expanded as much as expected. Figures show the annual growth rate for the third quarter is only 2.8 per cent, less than the 3.5 per cent predicted. This shows American consumers are not spending as much as hoped, and the country’s trade deficit has i...
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The euro zone’s service sector has grown at its fastest pace in two years this month. November’s figures show an improvement of 0.8 per cent since October. The data is compiled by surveying about 2,000 service-providing companies in Europe that range from banks, to cafes and restaurant...
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British Prime Minister, Gordon Brown, wants a global strategy to deal with trade and currency imbalances. He has proposed that the new strategy should deal with the inefficient use of reserves and unstable oil prices. Gordon Brown was addressing the annual conference of the Confederati...
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German GDP is up in the third quarter of the year, thanks mainly to a build-up in inventories and a rise in investment. It is up by 0.7 per cent. Europe’s largest economy has fought its way out of its sharpest recession since World War Two. Despite the good news, weakness...
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Russian Prime Minister Vladimir Putin met with French business leaders on a visit aimed at boosting economic ties. But his trip sparked concern amid reports that Russia plans to buy a French warship that would boost its military capabilities.
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Vaccination centres across France are facing endless queues of anxious patients as the number of people seeking to be vaccinated against swine flu rose sharply in the past week. The army’s health service has been called in to help meet demand.
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France and Rwanda have agreed to re-open diplomatic relations severed in 2006 after a French judge issued arrest warrants for senior Rwandan officials, including President Paul Kagame, in connection with the country’s 1994 genocide.
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Prime Minister Gordon Brown and President Nicolas Sarkozy, attending a closed-door Commonwealth summit in Trinidad, committed to a multi-billion-dollar climate fund financed by rich countries.
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Two patients who were infected by an A (H1N1) mutation that was also recently detected in Norway have died in France, the government’s Health Surveillance Institute (InVS) said in a statement on Friday.
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The Organisation for Economic Co-operation has advised Spain that it should to hold off on measures to cut its budget deficit until the economy is in better shape in 2011. OECD economists are now slightly more optimistic than in the past about Spain’s economy. They said it w...
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The Japanese economy grew at its fastest pace in more than two years between July and September as government stimulus programmes meant consumers hit the shops and capital spending rose. The country’s trade minister, Masayuki Naoshima, managed to get himself in trouble by ...
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As things warm up ahead of the UN climate change summit in December, French President Nicolas Sarkozy has taken a dig at Barack Obama for planning to be in Copenhagen a full week before any other head of state.
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Smaller figures for third quarter in US economy
