David Cameron says he is thrilled at birth of baby girl

first_imgTuesday 24 August 2010 7:57 pm whatsapp KCS-content Show Comments ▼ Share SAMANTHA Cameron, Prime Minister David Cameron’s wife, has given birth to a baby girl.Cameron’s office announced the birth, which was a few weeks earlier than expected, yesterday afternoon. A statement from Downing Street said: “Both the baby — who was born weighing 6lbs 1oz (2.7 kg) — and Mrs Cameron are doing very well.”A spokeswoman would not confirm whether Cameron, who is currently on holiday, will take off a full two weeks of paternity leave. The couple have yet to name the baby girl, although Daisy, Lucy and Samantha are the favourites with bookmakers.Former Prime Minister Tony Blair was the last leader to have a baby while in office after his fourth child, Leo, was born in May 2000.The Camerons already have two children, Nancy and Arthur. David Cameron says he is thrilled at birth of baby girl center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Tags: NULL last_img

FUND MANAGER OF THE YEAR |

first_img Share KCS-content whatsapp whatsapp Show Comments ▼ Thursday 2 September 2010 8:05 pmcenter_img FUND MANAGER OF THE YEAR | RECESSIONS are when reputations are made, they say, and that has been true in the world of fund managers. While some have battened down the hatches, the ones on our list have seen opportunity in crisis, and pushed ahead with flotations and expansions, or have just taken the chance to expand. All are stars in their own way. Don’t miss the City event of the year – get online now and book your table for the City A.M. Awards on Thursday 28 October 2010 at Grange St Paul’s Hotel, London EC4. www.CityAMAwards.comFIDELITYThe fund management giant makes our list for two reasons. Firstly, it reacted to the crisis in western banks by launching a China fund run by its star manager, Anthony Bolton, showing that it is quick on its feet and takes Asia seriously. And secondly, it spoke out about the coalition government’s plans to raise CGT. In a world where many City bigwigs are quite happy to keep their heads down and do their moaning in private, that gets kudos.JUPITERThere were raised eyebrows in the City when Jupiter pushed ahead with its flotation earlier this year, despite fellow fund manager Gartmore’s problems post its own IPO, but it has proved a shrewd move. In the first half revenues climbed 39 per cent, to £131.1m, and it has also seen an inflow of £814m more money, now managing £19.8bn. Shares are up 23 per cent from their initial price. Sometimes fortune favours the brave.NEPTUNEThe story for Neptune over the past 18 months has been one of incredible growth. At the start of 2008 its boss Robin Geffen decided that it should double its funds under management in 18 months. Astonishingly, helped by a re-branding, a publicity drive and the launch of new products targeting emerging markets, it succeeded. At the time of writing it has increased its money managed from £2.5bn to £5.9bn. And all in a downturn. Not bad going.SCHRODERSIf longevity is a mark of quality, then there is no doubting Schroders’ pedigree – it has been in the City since 1804. In these hard times many people have decided to trust the name, and over the past year it has seen an influx of money – it now manages £164bn, up 16bn year-on-year. Its popularity is not all about those oak-panelled rooms and the lure of tradition, either; in the first half of this year it beat almost all predictions and made profits of £188m. In a world of fresh, young fund managers, the wise old heads can still perform.ABERDEEN ASSET MANAGEMENTEmploying 1,800 people in 24 countries, FTSE 250-listed Aberdeen is one of the biggest players in the fund management industry. Its assets were close to an incredible £165bn at the end of June, £36.3bn of which was added in the past three quarters, and £11.2bn in the last quarter. Although it retains Scottish connections – CEO?Martin Gilbert is still based in Aberdeen – it is a very modern firm, and has recently received plaudits for its Asia Pacific funds. It is renowned for its single-minded, independent approach. Tags: NULLlast_img

BEST OF THE BROKERS

first_imgWednesday 13 October 2010 7:39 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Tags: NULL ATKINSBrewin Dolphin has downgraded the design and engineering firm to “reduce” from “hold” with an unchanged target price of 675p, ahead of the government spending review this month. The broker believes that any upside from the firm’s recent acquisition of American peer PBSJ will be offset by spending cuts. Brewin sees scope for a better upside from Hyder and RPS.WHITBREADNumis has downgraded the stock to “add” from “buy” following its recent strong trading performance, but has increased its target price by £1 to £19. The broker expects another upbeat update in next Tuesday’s interim results, with particularly strong sales at Premier Inn and coffee chain Costa. In the longer term, Numis predicts sales growth in all areas to accelerate.PROVIDENT FINANCIALArden Partners has upgraded the specialist lender to “neutral” from “sell” with an unchanged target price of 800p. The broker believes Provident’s 7.8 per cent dividend yield will support the price, but warns its dividend policy puts strain on the balance sheet that could be battered further by the austerity measures. Arden predicts a pre-tax profit of £136.5m this year. whatsapp Show Comments ▼ Share BEST OF THE BROKERS whatsapplast_img

Motorola in the black for first time in three years

first_img Motorola in the black for first time in three years KCS-content Tags: NULL Motorola made money from its phones for the first time in more than three years in the third quarter, helped by smartphones running Google Android software.Motorola’s total third-quarter profit rose to $109m (£68.4m), or five cents per share, from $12m , or one cent per share, a year earlier. Revenue rose six per cent to $5.8bn, compared with Wall Street expectations of $5.66bn.Since the end of 2006, Motorola has been losing out to rivals such as Apple, Nokia and Samsung due to the lack of stand-out phones after its once-lauded Razr matured.But in the third quarter it shipped 9.1m phones. Thursday 28 October 2010 7:38 pm Sharecenter_img whatsapp whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comlast_img

King writes to Osborne as inflation rises

first_img THE governor of the Bank of England (BoE) was forced to write a fourth letter to the chancellor of the exchequer yesterday as official figures showed consumer inflation rose unexpectedly to 3.2 per cent in October.Mervyn King wrote to George Osborne saying the 0.1 per cent rise in the UK Consumer Prices Index (CPI) last month was the result of a sharp rise in fuel prices, meaning it remains more than one per cent above target.The Office of National Statistics said the price of fuel and lubricants rose 1.8 per cent in the month partly as a result of the increase in fuel duty which came into effect on 1 October. Meanwhile, the Retail Prices Index (RPI) inflation fell slightly to 4.5 per cent, down from 4.6 per cent a month earlier. RPI contains a bigger share of housing costs, and is used to calculate many benefits payment and pensions.In his letter to Osborne the governor of the BoE said: “The outlook for inflation remains highly uncertain with substantial risks in both directions. The mid-term strength in inflation may be more pronounced if the prices of commodity and other imported goods and services increase further. And that would exacerbate the risk that the prolonged period of above target inflation may cause inflation expectations to rise, making it more costly to bring inflation down.”King added that CPI inflation was “expected to remain above target and at a somewhat higher level than expected three months ago, for a period of a year or so.” It has been above target now for the past 11 months.In his written response, the chancellor noted the BoE’s inflation forecast was “broadly in line” with those of most independent forecasters which expected inflation to return close to the two per cent target by 2012. whatsapp whatsapp Tags: NULL Share Show Comments ▼center_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute King writes to Osborne as inflation rises More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tuesday 16 November 2010 9:06 pmlast_img

Crisis must be used to force change

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Crisis must be used to force change SOMETIMES, crises are the best way to force through change. Take what has happened to the US car industry. I wish the US government hadn’t bailed out General Motors; governments should not be in the business of helping individual firms in this way. The assistance helped GM’s remaining employees but it unfairly put other companies at a competitive disadvantage, including Ford, Toyota and others who had done all the hard work to put their own houses in order. Putting that crucial point aside, however, at least GM was transformed during its bankruptcy phase, with factories shut and ridiculously generous union-negotiated wage and pension costs cut to more realistic levels. The firm now makes money on every car it sells, rather than losing a packet.The IPO values GM at about $63bn. Roughly $23.1bn will have been raised, the biggest public offering in history, eclipsing the $22.1bn raked in by Agricultural Bank of China in July. This is an astonishing turnaround from GM’s near-death experience in 2008. Its rescue left the US Treasury with a 61 per cent stake, cut to 33 per cent yesterday. At $33 a share, the partial sale represents a loss of $9bn on taxpayers’ original investments; however, the soaring share price means that they could still quite easily break even on the deal over time. GM’s transformation – it has, of course, still a long way to go – is a perfect case study of how a crisis can transform a seemingly untransformable organisation and thus end up being beneficial.In a similar fashion, the British government ought to have made use of the Irish crisis to push through real change in the EU and force a renegotiation of the Treaties to allow the UK to extricate itself of those bits that it doesn’t like. Prior to the election, the Tories said they wanted to repatriate some powers from Brussels to Westminster, including on social policy. Depressingly, the trend since the election has been entirely the other way, with European institutions cracking down on the City like never before. The government has blown a once-in-a-decade opportunity to reverse this nonsense. Eurorealist Tories have been defeated by unthinkingly pro-EU elements within the coalition.One change which the crisis mustn’t trigger is the abolition of Ireland’s 12.5 per cent rate of corporation tax. Competition between nations for capital, labour and corporate HQs is a good thing. The French and Germans hate it, because they want to keep taxes higher; they would rather create a cartel of high-tax nations. If Ireland were forced to give up what is one of its few successful policies, it is finished as an economy. Hiking corporation tax wouldn’t even raise any money. Firms that have relocated to Dublin would simply up sticks again and move somewhere else; they won’t return to high tax countries. There are more low tax jurisdictions than ever, not least the up and coming global financial centre that is Singapore.The Eurozone’s existential crisis won’t end with Ireland’s bailout. It will be merely delayed. Ireland can be saved. This may not be true of some other Eurozone countries; their day-to-day non-banking budget deficit are much larger and their economies less competitive. Another bailout of another small country a few months down the line would start to stretch the EU and IMF’s ability to cope. The real worry is whether Spain or Italy will eventually lose the markets’ confidence. Britain desperately needs to turn this crisis to its advantage. [email protected] KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing read more

PepsiCo eyes Russia for growth

first_img Show Comments ▼ Tags: NULL KCS-content More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share PepsiCo eyes Russia for growth whatsapp PEPSICO said yesterday it will buy a majority stake in Russian juice and dairy company Wimm-Bill-Dann (WBD) for an initial deal price of $3.8bn (£2.43bn) in its most ambitious overseas purchase to date. The deal will make PepsiCo Russia’s largest food and drink maker. PepsiCo plans to buy 66 per cent of the firm. However, the US company said it will also offer to buy the remaining shares of WBD after the initial deal closes, including $1bn in debt. Pepsi values the entire Russian company at $5.4bn. Pepsi’s price of $33 per American depositary receipt for WBD represents a 32 per cent premium to the firm’s 30-day average trading price.Hugh Johnston, PepsiCo’s chief financial officer, said he expected to clear any regulatory hurdles and to close the deal by the second quarter.The acquisition will make Russia PepsiCo’s top overseas market replacing Mexico. It sees the company follow large consumer products makers such as Kraft Foods and Procter & Gamble, which are investing billions in cultivating emerging markets like Brazil, Russia, India and China (Bric) as growth at home slows.US acquisitions in the emerging markets this year have increased by a staggering amount. They currently total $23.8bn – an increase of 94 per cent on last year and the biggest US emerging market activity since 2007. Worldwide cross-border mergers and acquisitions (M&A) total $843.2bn this year, up 54 per cent year-on-year, while cross-border M&A accounts for 39 per cent of worldwide deal activity this year, compared to 27 per cent last year, according to data from Thomson Reuters. Thursday 2 December 2010 7:33 pm whatsapplast_img

Moody’s slashes Ireland’s credit rating

first_img whatsapp whatsapp John Dunne Tags: NULL Show Comments ▼ Moody’s slashes Ireland’s credit rating Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Moody’s Investors Service slashed Ireland’s credit rating by five notches to Baa1 from Aa2 and warned further downgrades could follow if Ireland was unable to stabilise debt metrics in the foreseeable future.The downgrade followed Fitch’s move last week to become the first ratings agency to strip Ireland of its ‘A’ credit status, cutting it by three notches to BBB+ following the debt-stricken government’s request for an EU/IMF bailout.Moody’s said the crystallization of bank-related contingent liabilities, increased uncertainty regarding the country’s economic outlook and decline in the government’s financial strength were the key drivers of the action.It said the outlook on the Baa1 rating was negative.“Ireland’s sovereign creditworthiness has suffered from the repeated crystallization of bank related contingent liabilities on the government’s balance sheet,” Dietmar Hornung, vice president and senior credit officer at Moody’s said.“The increased uncertainty regarding the outlook for the Irish economy – an additional determinant of today’s rating action – is the result of the continued severe downturn in the financial services and real estate sectors as well as the ongoing contraction in private sector credit.”The move follows news that bad debts held by Spain’s banks have reached a 15-year high, according to new Bank of Spain figures. Unpaid loans made by Spanish banks, financial cooperatives and retail credit cards rose to €103.7bn (£88bn) – a ratio of 5.66 per cent of total lending, up from 5.49 per cent the previous month.Moodys warned earlier this week it had placed Spain’s newly-downgraded Aa1 rating under review. Today, it also issued downgrades to the issuer and debt ratings of the Basque Country as well as the issuer ratings of the Diputación Foral de Guipuzcoa and Bizkaia by one notch to Aa1. It said the outlooks for all of those were negative. Friday 17 December 2010 2:45 amlast_img

Moody’s may cut Portugal’s rating further

first_img Tags: NULL Show Comments ▼ Tuesday 21 December 2010 5:31 am whatsapp whatsapp alison.lock CREDIT rating agency Moody’s Investor Service has warned that debt-ridden Portugal’s A1 rating may be the next to be downgraded by one or two notches after a review that will take up to three months.The agency attributed the change to the EU state’s weak growth prospects and high borrowing costs – but said its solvency was not in question. Portugal has moved into the eye of the storm in Europe’s debt crisis, with markets worried it will be next to take a bailout after Ireland and Greece.The cost of insuring Portuguese sovereign debt against default rose in response and the euro slipped slightly.The premium that investors demand to hold Portuguese ten-year bonds rather than safer German Bunds rose nine basis points from Monday’s settlement levels to 368 bps. Last month, the spread hit a euro lifetime record of over 481 bps, but has narrowed since thanks to bond buying by the European Central Bank.Moody’s said it had concerns about Portugal’s ability to access capital markets at a sustainable price and cited “uncertainties about Portugal’s longer-term economic vitality, which will be exacerbated by the impact of fiscal austerity”.It said that if the government sought an international bailout, it would have a positive impact on short-term uncertainties, but would raise concerns about medium-term access to private market funding. “The likely deterioration in debt affordability over the medium term and ongoing concerns about the economy’s ability to withstand fiscal consolidation and private sector de-leveraging mean its outlook may no longer be consistent with an A1 rating.” said Anthony Thomas, Moody’s lead analyst for Portugal.The agency also said it was concerned the government may need to support the banking sector for it to regain access to private capital markets, which may have an impact on the country’s debt metrics. Moody’s may cut Portugal’s rating further Share More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img

Stubborn unemployment throughout OECD countries despite global recovery

first_imgTuesday 11 January 2011 7:46 pm whatsapp whatsapp UNEMPLOYMENT in countries across several continents remained close to post war highs in November, the Organisation for Economic Co-operation and Development (OECD) announced yesterday.Unemployment across the OECD area stuck at 8.6 per cent, despite economic recoveries. In 2007 the average was just 5.8 per cent.In the UK unemployment remains below eight per cent, slightly beneath the OECD average.“There were 45.8m unemployed persons in OECD countries in November 2010, down 0.3m from November 2009,” the Paris-based group reported. “However, this is 5.9m higher than in November 2007.”In the Eurozone area, the rate has stuck to 10.1 per cent, despite being significantly lower in core economies such as Germany (6.7 per cent) where the recovery is strong.Germany is the only OECD country reporting a lower unemployment rate today than in 2007, the report said.The highest rates tend to be found in troubled peripheral areas of the Eurozone, such as Spain (20.6 per cent), Portugal (11 per cent) and Ireland (13.9 per cent).Hungary, where tensions remain between the government and the central bank, saw its unemployment rate edge up to 11.3 per cent (from 11 per cent) between September and November. Share Tags: NULL Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Stubborn unemployment throughout OECD countries despite global recovery Show Comments ▼ KCS-content last_img