GDP grows steadily yet may stall in 2011 November 24, 2010 RESILIENT economic growth continues to be recorded in the UK, according to official figures released yesterday. The economy grew by 0.8 per cent in the three months to September, the Office for National Statistics (ONS) confirmed. And GDP was up 2.8 per cent compared to 12 months earlier. The figures mark a calendar year of [...]
German business morale at highest since reunification November 24, 2010 GERMAN business confidence continues to surge hitting its highest level since reunification, a survey released yesterday showed. Economists had expected no improvements in the Ifo Business Survey for November, yet the index revealed an enhanced business climate for the sixth consecutive month. The indicator jumped to 109.3 points, up 16.5 per cent on the same [...]
MPC’S SENTANCE CALLS FOR RATE RISE November 24, 2010 Andrew Sentance, who sits on the Monetary Policy Committee (MPC), has insisted that the UK can cope with a modest rise in interest rates. Speaking in Belfast yesterday he argued that deficit reductions will help a private sector-driven recovery. Earlier this month he again voted for a 0.25 per cent rise in rates.
Incomes boost for US hopes November 24, 2010 Consumer growth could hold the key to a US recovery, a survey showed yesterday. Personal incomes were up 0.5 per cent in October according to the Personal Income and Outlays report compiled by the US Bureau of Economic Analysis. “Growth in personal income is increasingly being driven by wages and salaries, rather than government transfers,” [...]
China succumbs to inflation rise November 24, 2010 The Chinese government may rise the target rate of inflation in spite of saying that prices are under control, it was reported yesterday. Inflation was recorded at 4.4 per cent in October, dragged upwards by escalating food prices, which rose by 10.1 per cent. But now the government may have to increase its target rate [...]
Nadal masterclass sees off Djokovic November 24, 2010 WORLD No1 Rafael Nadal is on the brink of qualifying for the last four of the ATP World Tour Finals after breezing past Novak Djokovic. Nadal took just one hour 51 minutes to see off Djokovic at the O2, who required treatment for a complaint related to his right contact lens, 7-5 6-2 to move top of [...]
Welsh refs not going to Scotland November 24, 2010 THE WELSH Football Association has confirmed that none of its referees will be heading to Scotland this weekend. The Scottish Football Association are still locked in talks with referees’ representatives in a bid to persuade the officials to call off their proposed strike. But a statement on the official FAW website read: “It has now [...]
Petrovic claims he wasn’t sacked November 24, 2010 FORMER West Ham assistant manager Zeljko Petrovic insists he left the club on his own terms despite reports that he was sacked. The former Yugoslavia international joined the Hammers in July as part of Avram Grant’s new-look coaching staff, but left Upton Park on Tuesday, with Wally Downes since being appointed defensive coach. Petkovic said: [...]
Kaymer’s in McDowell’s sights November 24, 2010 GOLF: Graeme McDowell is ready for his duel with his Ryder Cup teammate Martin Kaymer at the Dubai World Championship as they battle to end the season as Europe’s No1. The pair will play together in the final group with Race to Dubai leader Kaymer £246,414 ahead of McDowell. “It’s going to be fun to play [...]
Hoy heads strong GB squad November 24, 2010 CYCLING: Sir Chris Hoy fronts a strong GB squad chosen for the track World Cup meetings in Australia and Colombia next month. Hoy is joined by three more Olympic gold medallists, Victoria Pendleton, Jason Kenny and Ed Clancy who are seeking London 2012 Olympic qualification points. GB performance manager Shane Sutton said: “We are aiming to gain [...]
