LONDON: Britain, which emerged from recession in the final quarter of 2009, faces a “high” risk of relapse and below-average growth in the next two years, the British Chamber of Commerce warned on Sunday.
“The UK economic outlook will remain highly uncertain for a considerable time,” the BCC said in the group’s latest economic forecast.
“The recovery [...]

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BRUSSELS: Unemployment in the 16-nation eurozone remained at 9.9 percent in January, providing more evidence that Europe’s recovery from the worst recession in decades is a largely jobless one.
The crumb of comfort, for European statisticians if not for the unemployed, was that December’s first estimate of a double-digit unemployment rate was revised back to 9.9 [...]

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NEW YORK – Wall Street stocks rallied Thursday as sentiment was lifted by an EU pledge to help Greece stave off a debt crisis and better-than-expected US labour market data.
The Dow Jones Industrial Average overcame a weak start and climbed 105.81 points (1.05 percent) to close at 10,144.19, rebounding from modest losses Wednesday.
The Nasdaq composite [...]

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Feb. 11 (Bloomberg) — Australianemployers added the most workers in more than three years in January, sending the currency surging on speculation the central bank will resume its record round of interest-rate increases.
The number of people employed rose 52,700 from December, the fifth straight monthly gain, the statistics bureau said in Sydney today. The median estimate [...]

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The January jobs report could turn the tide for markets Friday, but traders say there’s a lingering global risk aversion that won’t easily fade away.
The government’s employment report was supposed to have been the story of the week. That was until markets around the globe started focusing on the idea that sovereign debt risk in [...]

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LONDON: The Bank of England on Thursday is expected to call an end to its radical policy of pumping out new money after Britain narrowly emerged from recession in the fourth quarter of 2009, analysts said.
Most economists also predict that the central bank’s Monetary Policy Committee (MPC) will leave its key interest rate unchanged at [...]

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Feb. 1 (Bloomberg) — President Barack Obama’s $3.8 trillion fiscal 2011 budget puts an emphasis on job creation with $100 billion in additional stimulus spending, along with higher taxes for the wealthy in an attempt to narrow the deficit.
The spending blueprint forecasts this year’s budget shortfall will hit a record $1.6 trillion, following a $1.4 trillion [...]

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WASHINGTON: The US manufacturing sector kicked off the year with gusto in January, a private survey showed on Monday, the sixth consecutive month of expansion in the sector leading the economic recovery.
The Institute for Supply Management said its manufacturing index, also known as the purchasing managers index, climbed to 58.4 percent in January from December [...]

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WASHINGTON: New claims for jobless insurance benefits in the United States dipped after posting a rise over two consecutive weeks, official data showed on Thursday.
The seasonally-adjusted initial claims in the week ending January 23 were down to 470,000, a decrease of 8,000 from the previous week’s revised figure of 478,000, the Labour Department said.
The latest [...]

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DAVOS, Switzerland: Bankers on Wednesday hit out against over-regulation, with the head of British giant Barclays warning that cutting big banks down would hurt employment and the economy.
While politicians including French President Nicolas Sarkozy said he backed US clampdown plans, others like China’s deputy central bank chief Zhu Min saw no reason for the finance [...]

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