Economy

Saturday, November 8th 2008 - 20:00 UTC
US unemployment in Oct. 6.5%; peak since 1994 and climbing

Unemployment in the United States during October rose to 6.5%, totalling 10 million jobless and the highest rate since March 1994, according to the latest release from the US Labour Department.
Saturday, November 8th 2008 - 20:00 UTC
EU leaders reach common position for Washington summit

The summit of European Union leaders in Brussels on Friday reached a common position on reforming the world financial system, announced French President Nicolas Sarkozy. EU countries agreed on “the need to take firm and ambitious operational decisions at the Washington summit” on 15 November, Mr Sarkozy told reporters
Saturday, November 8th 2008 - 20:00 UTC
Credit pinch reaches Brazil: inflation up, car sales down

Brazil's annual inflation rate rose to a three-year high in October as the currency's significant plunge against the US dollar pushed up costs, according to the latest release from the government's statistics and geography office.
Saturday, November 8th 2008 - 20:00 UTC
Jobless in Argentina down, but unions think differently

Unemployment in Argentina dropped 0.2 points in the third quarter of this year and stood at 7.8%, President Cristina Fernández de Kirchner revealed this week during a visit to a factory in Buenos Aires province
Saturday, November 8th 2008 - 20:00 UTC
Economics Nobel Prize Stiglitz and the “next Bretton Woods”

The world is sinking into a major global slowdown, likely to be the worst in a quarter-century, perhaps since the Great Depression. This crisis was “made in America,” in more than one sense.
Saturday, November 8th 2008 - 20:00 UTC
Difficult choices for Falklands' “strained” public finances

THE strain on Falkland Islands' public finances is “greater than at any time since the commencement of fisheries licensing in 1986”.
Friday, November 7th 2008 - 20:00 UTC
UK historic Worcester & Spode has gone into administration

An historic British china manufacturer: Midlands-based Royal Worcester & Spode Ltd, which dates back to 1751, employs 388 people in the UK at sites in Stoke-on-Trent, Lymedale and Worcester has gone into administration.
Thursday, November 6th 2008 - 20:00 UTC
Uruguay's exports up 31% but beginning to slowdown

In spite of a record year in export value, Uruguay's overseas sales are beginning to feel the international pinch from a weaker demand and lower prices for commodities according to the release of the latest statistics.
Thursday, November 6th 2008 - 20:00 UTC
Chile's October inflation, the highest since 2002, 0.9%

October consumer prices in Chile increased 0.9%, accumulating 8.5% in ten months and 9.9% in the last twelve months according to the latest release from the country's Statistics Institute, INE. October's increase is the highest for the month since 2002.
Thursday, November 6th 2008 - 20:00 UTC
Unemployment in Spain soars to 12 year high, 11.3%

The number of unemployed people in Spain in October reached a 12-year high of 11.3%, according to the Labour Ministry, the highest level in Europe.