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added: 22-04-2008

We now have confirmation that the British banking system is in denial and so sick that it needs special Government assistance. In fact Britain's big name banks could be accused of living in cloud cuckoo land after losing Northern Rock last year in the biggest failure so far of the subprime crisis and credit crunch.

The Leading Index for France Declined 0.3 Percent in February 2008

added: 21-04-2008

The Conference Board reports that the leading index for France declined 0.3 percent and the coincident index increased 0.2 percent in February.

EU27 External Trade Deficit of 34 bn euro with Japan in 2007

added: 21-04-2008

Between 2000 and 2007, EU27 exports of goods to Japan fell slightly in value, from 45.5 bn euro to 43.7 bn, while EU27 imports from Japan decreased by 15%, from 92.1 bn to 77.9 bn. As a result the EU27 deficit in trade with Japan declined from 46.6 bn in 2000 to 34.2 bn in 2007.

Euro Area Securities Issues Statistics in February 2008

added: 21-04-2008

The annual growth rate of the outstanding amount of debt securities issued by euro area residents decreased from 8.5% in January 2008 to 8.0% in February. For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate was 1.3% in February 2008, the same as in January.

Fitch: Major Italian Banks Ready to Face a Challenging Environment

added: 21-04-2008

Fitch Ratings says in a Special Report that Italy's largest banks are well-positioned to operate in a more difficult market environment.

U.S. Venture Investment Pulls Back 7% in 1st Quarter to $6.84 Billion

added: 21-04-2008

Venture capital investment in U.S. companies slipped 7% in the first quarter of 2008 compared to the same period last year to $6.84 billion, according to the Quarterly Venture Capital Report released by Dow Jones VentureSource, the venture industry's premier data provider. The report showed that deal count reached 603 deals for the quarter, down by 25 deals from the first quarter last year and the lowest quarterly total since the first quarter of 2005.

World Publics Say Oil Needs to Be Replaced as Energy Source

added: 21-04-2008

A new WorldPublicOpinion.org poll finds that majorities in 15 of 16 nations surveyed around the world think that oil is running out and governments should make a major effort to find new sources of energy. Most think that future oil prices will be much higher.

U.S. Growth Slips, But Worldwide PC Shipments Remain Healthy

added: 20-04-2008

Worldwide PC shipments grew by 14.6% to 69.5 million units in the first quarter of 2008 (1Q08), which was above previous estimates of 13.2%, according to IDC's Worldwide Quarterly PC Tracker. However, the U.S. market slipped to a meager 3.5% year-over-year growth rate as the general economic malaise currently affecting the U.S. economy has begun to impact the local PC market as well.

US Retail E-Commerce Resilient

added: 19-04-2008

US retail e-commerce sales will rise by 17% to $204 billion in 2008 according to the Shop.org study "The State of Retailing Online 2008," conducted by Forrester Research.

More than 250 million Europeans Regularly Use Internet

added: 18-04-2008

More than half of Europeans are now regular Internet users, 80% of them have broadband connections and 60% of public services in the EU are fully available online. Two thirds of schools and half of doctors make use of fast Internet connections, thanks to strong broadband growth in Europe. These are the findings of a Commission report on the results achieved so far with i2010, the EU's digital-led strategy for growth and jobs.

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