Greek 2010 budget deficit drops more than targeted
The Greek budget deficit narrowed more than targeted last year, mainly led by a drop in government spending.
Global warming will lead to massive shrinkage of glaciers by 2100
Melting of West Antarctic icesheet as a result of global warming may lead to disappearance of three-fourths of Europe’s alpine glaciers by 2100 and an increase in sea levels by four metres by the year 3000, said a study.
PE firms to raise funding by 33 pct globally in 2011: Preqin
Fundraising by private equity firms globally is expected to increase 33 percent to over $300 billion in 2011 compared with last year, according to a study.
High inflation in China to stay until third quarter
Chinese high inflation rates are expected to continue until the second or third quarter despite the government’s efforts to tame rising prices, according to a survey of 56 leading economists.
NASA takes shot at Roland Emmerich’s film '2012'
Roland Emmerich’s directed ‘2012’ movie which depicted that the world will end by that year is included in the NASA’s silly list of science fiction films.
Deloitte recommends ailing Air India to freeze pay, promotion for 3 yrs
Deloitte has recommended loss-making Air India (AI) to put a freeze on pay hike or promotion of its employees for the next three years to make a turnaround, said a report on Friday.
Brazil posts record auto sales in 2010
Automobile sales in Brazil reached record high for the fourth consecutive year in 2010, as the country is expected to witness the fastest growth in more than two decades.
Climate change impact worsened last year
The number of weather-related natural calamities rose last year, showing further proof of the growing impact of climate change.
Inflation to be the biggest worry for emerging markets in 2011
Inflation will be the biggest concern for the emerging markets in 2011 and an important economic gauge to watch in the new year.
Spain unemployment posts sharpest decline in a decade
The number of unemployed people in Spain dropped by 10,221 to 4.1 million in December, recording the steepest decline since 2000, the ministry of employment and immigration said on Tuesday.
Android more popular among new smartphone buyers
Android is gaining popularity among new smartphone buyers in the US even though Apple’s iOS still leads the overall smartphone market.
Tough Road Ahead For Windows OS In 2011
Microsoft is set to face a tough road in operating system market in 2011.
China’s growth to slow to 8.5 pct in 2011
Economic growth in China is expected to slow next year as the nation accelerates tightening monetary policies, said a report on Friday.
US weekly jobless claims fall sharply
Applications for jobless benefits in the U.S. fell sharply for the week ended Dec. 25, recording a decline for four consecutive weeks.
Skype details outage causes
Server overloads and a bug in Skype for Windows are the reasons behind the network becoming unusable for millions of users two days before this Christmas.
BlackRock to start trading platform to lower costs
BlackRock is planning to launch an internal trading platform next year, a move that could put a pressure on the profits of many Wall Street firms.
Home prices in six US metros touch new lows in Oct
Home prices in 20 metropolitan cities in the US continued to fall in October with prices in six cities reaching new lows.
Clothing, jewelry push US retail sales up 5.5 percent this holiday season
Retail sales in the US during this holiday season rose sharply mainly driven by increased spending on clothing and jewelry.
UK retailers expect sales to worsen in 2011
Majority of the retailers in the UK expect sales to worsen in 2011 amid growing concerns over weak consumer demand and inflationary pressures.
Czech rules out Euro adoption
Czech government ruled out adopting euro as its currency for now and the country will not put any effort to enter the exchange rate mechanism next year, said the nation’s Prime Minister Petr Necas on Thursday.
Tibet’s GDP grows double-digit for 18 years in a row
Southwest China's Tibet autonomous region is estimated to grow at the rate of 12.2 percent this year, recording a double-digit GDP for 18 consecutive years.
China’s exports to slow next year, trade balance to narrow
Chinese officials expect the country's exports to slow next year and trade surplus to narrow as the government comes under pressure to increase its imports.
US jobless claims fall for third straight week
Applications for jobless benefits in the U.S. fell unexpectedly for the week ended Dec. 18, posting a decline for three consecutive weeks.
China’s subsidies on wind power equipment break WTO rules: US
The United States on Wednesday dragged China to the World Trade Organization (WTO) alleging that the country was illegally providing subsidies towards manufacture of wind power equipment.
US weekly mortgage demand continues to decline
The U.S. home loan demand fell sharply in the week ended Dec.17, posting a decline for fourth straight weeks as the mortgage rates hit a six-month high.
UK third quarter GDP growth lower than initially estimated
UK economic growth in the third quarter was lower than previously estimated, raising concerns that growth will slow further next year.
iPhones inflate US trade deficit with China
Apple’s iPhone has been widening US trade deficit with China even though it is entirely designed and owned by an American company, says a study.
Brazil unemployment dips to record low
Brazil’s unemployment rate fell to a record low in November as the country is set to witness the fastest growth in more than two decades.
Moody’s cuts Ireland rating by five notches
Moody's Investor Services on Friday downgraded debt-stricken Ireland's rating by five notches, citing the country’s troubled banking sector, uncertain economic outlook and decline in the Irish government's financial strength.
US weekly jobless claims fall unexpectedly
Applications for jobless benefits in the U.S. fell unexpectedly for the week ended Dec. 11, posting a decline for two consecutive weeks.
