ECONOMY

More news
Mervyn King

Mervyn King and the Politics of Uncertainty

The Bank of England under the direction of its governor Mervyn King today revised down its growth projections for the British economy this year and is now saying that the nation will not reach pre-crisis levels until 2014.
An anti-nuclear protester holds a placard during a rally in front of the headquarters of Tokyo Electric Power Co. (TEPCO), operator of the tsunami-crippled Fukushima Daiichi nuclear power plant, in Tokyo March 11, 2012, to mark the first anniversary of th

Over and Out for Japan's Nuclear Industry?

The Tokyo Electric Power Company (TEPCO), the owners of the Fukushima Daiichi Nuclear Power Plant devastated by the March 2011 Tohoku Earthquake and Tsunami, reported a net-loss of $9.7 billion for the full year ending 31 March 2012. Reporting its annual figures on 14 May, these figures reflected an improvement of some 35 per cent over 2011's figures but insufficient to avoid 09 May's effective nationalisation of the company.
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

German GDP Rebounds Sharply, Avoids Recession

German economic growth rose well above expectations in the first quarter this year, proving that the contraction in country’s gross domestic product (GDP) in the fourth quarter last year was not the start of recession.
A woman leaves a branch of Bank of China in Beijing

Slowing China’s Industrial Output to Pressure Beijing to Ease Monetary Policy

The slowdown in the economic activity of China continued in April as the weakening external demand and domestic consumption hit the industrial activity in the world’s second largest economy to reach its lowest level since May 2009, showing evidence that decelerating growth in the country is to yet find the bottom.