December 6, 2011
Gasoline: The new big U.S. export
The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it. The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information…
December 6, 2011
Apple in EU e-book market probe
Apple and five publishers are to be investigated over anti-competitive practice in the e-book market, says the European Union's anti-trust watchdog. As well as the tech giant, the inquiry centres on Hachette Livre, Penguin, Harper Collins, Simon…
December 6, 2011
Chinese bank mulls further financing for Ethiopian development projects
Ethiopian Prime Minister Meles Zenawi on Monday met a senior official of the Export-Import (Exim) Bank of China on ways of further enhancing the bank's financial assistance to development projects in Ethiopia. During a meeting here with Exim Vice…
December 6, 2011
Europe goes back to the drawing board
European leaders will meet this week for yet another summit to discuss ways to save the euro, and this time they are talking about rewriting European Union treaties. The key players -- Germany, France and the European Central Bank -- all broached…
December 5, 2011
China ‘ill-prepared’ for unrest, says security chief
China's security chief has warned that the government needs better methods to deal with social unrest due to a slowing economy. Zhou Yongkang, a member of the politburo, asked provincial officials for improved "social management". China has seen an…
December 5, 2011
Irish economy remains fragile, warns Taoiseach Enda Kenny
The Irish Republic's economy remains fragile and is likely to take years to recover, Taoiseach Enda Kenny has warned ahead of an austerity budget. He said the "four-year path to recovery" would be difficult for many, including home owners, the…
December 5, 2011
Game designer Zynga plans $9bn stock market flotation
Game designer Zynga, which makes the highly successful FarmVille game for Facebook, has announced plans for a stock market flotation. Reports suggest the firm could raise as much as $925m (£589m) from the listing. The firm plans to sell 100…
December 5, 2011
Fewer new jobs and more competition in City, firm says
The number of qualified staff for each vacancy in the City of London is at the highest for two years, according to a financial services recruitment firm. There are 5 qualified candidates for each job, compared to 1.7 at the start of the year,…
December 4, 2011
World economy top worry for leaders at Americas talks
Leaders from across Latin America and the Caribbean pledged closer ties to safeguard their economies from the world financial crisis as they formed a new bloc yesterday including every nation in the hemisphere except the US and Canada. Several…
December 4, 2011
Jacques Delors: Euro was flawed from beginning
One of the main architects of the single European currency, Jacques Delors, has said the eurozone was flawed from the beginning. He told Britain's Daily Telegraph that the lack of central powers to co-ordinate economic policies allowed some members…