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…
December 4, 2011
RIM will swallow Playbook charge
Research In Motion (RIM) will account for extra costs of $360m (£229m; 266m euros) in its third quarter after poor sales of its Playbook tablet computers. RIM shares have fallen around 65% this year as Apple's iPhone and Google's Android devices…
December 4, 2011
US unemployment rate falls sharply to 8.6%
The US unemployment rate dropped sharply to 8.6% in November, its lowest level in two-and-a-half years, from 9% the month before, official figures show. The US economy added 120,000 new jobs in November, the Department of Labor said, in line with…
December 4, 2011
Stocks rise on US jobless data and EU integration hopes
Global stock markets have risen as Europe's leaders called for closer economic integration as the way to ultimately resolve the debt crisis. US stocks had their best week in more than two years, up 7%. Leading indexes in France, Germany and the…
December 2, 2011
UN Grim on World Economic Prospects for 2012
United Nations economists have sharply cut their projections for world growth and warned that 2012 will be key to whether the global economy makes a slow recovery or falls back into recession. In their report, World Economic Situation and…
December 2, 2011
Sarkozy: France Germany ties key to eurozone stability
The French President, Nicolas Sarkozy, has said France and Germany must come together to ensure stability at the heart of Europe. In a major speech in the port of Toulon, Mr Sarkozy said he and the German Chancellor, Angela Merkel, would meet on…