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The European Commission Presents Possible Far-Reaching Measures On VAT To Better Combat Fraud

added: 23-02-2008

The European Commission has adopted today a Communication on possible far-reaching measures to combat VAT fraud. The measures in question are the introduction of taxation for intra-Community supplies and the introduction of a generalised reverse charge.

China's Energy Consumption Almost Trebles Since 1978

added: 23-02-2008

The recent China's energy fact sheet released by RICS (Royal Institution of Chartered Surveyors) reveals that despite being the world's third largest energy producer (behind the USA and Russia), accounting for about 10.6% of the world's annual total energy production; China is also the second largest energy consumer (behind the USA), accounting for about 10.8% of the world's total annual energy consumption.

U.S. Recession Unlikely, Housing Sector Correction Nearly Over

added: 23-02-2008

Despite continuing turmoil in the housing and financial markets, a U.S. recession is not imminent, The Conference Board reports today.

Majorities in Five European Countries and the U.S. Believe Russia is an Unreliable Energy Supplier

added: 23-02-2008

While the Cold War may be over, this does not mean those in the five largest European countries and the U.S. are willing to trust Russia as an energy supplier. In fact, majorities in Italy (54%), Germany (59%), Spain (69%), Great Britain (70%), the U.S. (70%), and France (71%) say they regard Russia as an unreliable energy supplier.

U.S. Maintains its Lead Among Foreign Investors in France

added: 22-02-2008

Despite the economic slowdown in 2007, brought on by the housing market slump and banks tightening credit availability, the United States continued to invest heavily in France.

Industrial New Orders Down in EU27 and Euro Area in December 2007

added: 22-02-2008

In December 2007 compared with November 2007, the euro area (EA13) industrial new orders index fell by 3.6%. In November the index grew by 2.0%. In the EU27 new orders decreased by 1.2% in December and by 0.2% in November. Excluding ships, railway & aerospace equipment industrial new orders lost 0.8% in the euro area and 0.5% in the EU27.

U.S. Employees Give Highest Marks to Their Managers

added: 22-02-2008

A new global survey shows U.S. employees have among the most positive opinions and friendliest relationships with their managers, leading them to be the least likely to disobey their supervisors' direction than other international workers.

Russia To Become Largest Automotive Market in Europe

added: 22-02-2008

R. L. Polk & Co. is forecasting Russia will become the largest automotive sales market for new cars in Europe by 2010. While the larger European markets remain stagnant, the demand for cars in Russia is growing. In 2007, new car registrations in Russia exceeded the two-million mark for the first time. These 2.35 million new registrations put Russia in fourth place in Europe behind Germany, Italy and the United Kingdom.

Philadelphia Fed Firms See Weak Conditions

added: 22-02-2008

Activity in the region's manufacturing sector continued to weaken this month, according to firms surveyed for the February Business Outlook Survey. After falling significantly last month, indexes for general activity, shipments, and new orders remained negative.

UK Mobile Internet Users

added: 22-02-2008

Most mobile phones currently used in the UK are capable of accessing the Internet to some degree. Yet researchers from the Office of Communications (Ofcom) found that just 16% of mobile users polled had accessed the Internet via mobile phone in the third quarter of 2007, while 10% had used their mobile phones to send or receive e-mail.

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