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added: 24-07-2008

The Committee of the Regions (CoR) wants local and regional authorities to be given a central role in the EU's new job mobility action plan, which aims to encourage free movement of labour and boost employment opportunities to meet the challenges of globalisation and ageing in Europe.

Fitch Survey: U.S. Fixed Income Investor Hopes for Credit Market Stability Prove Slippery

added: 24-07-2008

New economic worries and stress in the U.S. banking sector have taken a further toll on investor sentiment according to the latest Fitch Ratings/Fixed Income Forum Survey of senior fixed income money managers conducted in June.

Increasing Associated Gas Utilization in Russia Requires Comprehensive Measures, GGFR Study Shows

added: 24-07-2008

Comprehensive measures, including both effective flaring regulation and more transparent access for independent gas producers to Russia’s gas transportation system, will be required to unlock the value of Russia’s gas associated with oil production, according to a new study which shows that reducing the flaring of gas can be a "win-win" for all.

TI Supports Freeze Of EU Funds To Bulgaria, Urges Accelerated Reform In Romania, Other EU States

added: 24-07-2008

Transparency International (TI) expressed its deep concern over high-level corruption, organised crime and mismanagement in Bulgaria, and supports the European Commission’ decision to freeze funds worth hundreds of millions of euros to the country, on the back of reports it published.

EU Trade: More Than 40 bn Euro Of Goods Traded With South Africa In 2007

added: 24-07-2008

Between 2000 and 2007, EU27 exports of goods to South Africa rose from 11.8 billion euro to 20.5 bn, while imports increased from 14.7 bn to 20.9 bn. As a result, the EU27 deficit in trade with South Africa fell from 2.9 bn in 2000 to 0.4 bn in 2007. In 2007, South Africa accounted for around 1.5% of the EU27's external trade in goods, and was the EU27's twelfth most important trading partner.

U.S. Employers Keeping Pay Raises Steady for 2009

added: 24-07-2008

At a time when energy costs are soaring and the U.S. economy is slumping, there is some good news for workers. U.S. companies are planning to keep pay raises steady next year, according to a forthcoming report by Watson Wyatt Worldwide, a leading global consulting firm. The survey also found that one-third of companies have not made any workforce contingency plans in the event the economy continues to falter.

Rising Household Debt, Defaults Straining US Economy

added: 24-07-2008

U.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody’s Economy.com, a division of Moody’s Analytics.

US Mass Layoffs in June 2008

added: 24-07-2008

In June, employers took 1,643 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Each action involved at least 50 persons from a single employer; the number of workers involved totaled 165,697, on a seasonally adjusted basis.

EU27 Current Account Deficit 26.5 bn Euro: First Quarter of 2008

added: 23-07-2008

According to the latest revisions, the EU27 external current account recorded a deficit of 26.5 billion euro in the first quarter of 2008, compared with a deficit of 30.4 bn in the first quarter of 2007 and a deficit of 7.3 bn in the fourth quarter of 2007.

Industrial New Orders Down By 3.5% in Euro Area in May 2008

added: 23-07-2008

In May 2008 compared with April 2008, the euro area (EA15) industrial new orders index fell by 3.5%. In April the index rose by 2.0%. In the EU27 new orders decreased by 4.7% in May 2008 after growing by 3.6% in April. Excluding ships, railway & aerospace equipment industrial new orders declined by 2.5% in the euro area and by 2.4% in the EU27.

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