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last refreshed Sat, 18 Feb 2012 09:40:14 GMT
Congress ends bitter tax battle with bill passage (2/18/2012 8:44:16 AM)
WASHINGTON (Reuters) - Congress ended a three-month battle on Friday by passing legislation to extend a tax cut for 160 million workers, a boon for both the economy and Democratic President Barack Obama in this election year.
Debt crisis: as it happened February 17, 2012 (2/18/2012 5:44:13 AM)
Bank of England's Adam Posen warns that the UK economy isn't safe from the eurozone debt crisis, as Germany's finance minister seeks to reassure Europe ahead of key Greek bailout talks on Monday.
Revival of retail sales ignites hope of a return to growth (2/18/2012 5:24:17 AM)
British shoppers delivered a surprise boost to the economy in January, igniting hopes that the UK will avoid a return to recession this year.
Things are dire, George. Just where's your strategy for growth? (2/18/2012 2:04:16 AM)
We are a month away from the Budget, and things in the British economy are not going to plan. Unemployment is up. Banks are not lending. Tax revenues are depressed. State borrowing remains high. Our credit rating is threatened. Above all, growth is pitiful.
Iceland debt 'now safe to invest' (2/17/2012 6:44:13 PM)
Iceland is safe to invest in again, according to Fitch, which upgraded its credit rating three years after its economy spectacularly collapsed.
Asian shares rise on US jobs data (2/17/2012 8:44:04 AM)
Asian markets rise as US shares hit a near four-year high after the world's biggest economy reported better-than-expected jobs data.
China lifts eurozone (2/16/2012 5:04:04 PM)
STOCK markets shrugged off worries over a Greek default and a faltering -eurozone economy yesterday as China reaffirmed its commitment to investing in Europe's bailout funds.
Spain sees its economy contract (2/16/2012 3:06:51 PM)
Spain's economy shrinks for the first time in two years, increasing fears the country could be heading for a recession.
Spain economy shrinks for first time in 2 years (2/16/2012 9:44:28 AM)
MADRID (Reuters) - The Spanish economy shrank for the first time in two years in the fourth quarter, the start of what economists fear could be a prolonged slump as Madrid implements harsh austerity measures to deflate a massive budget deficit.
Greece debt crisis: Greeks brand Germans 'Nazis' for 'taking control of their economy' (2/16/2012 3:44:03 AM)
Greek anger with the way they believe Germany has taken over their economy is boiling over on the country's streets. In recent days, protesters have burned German flags and defaced the Bank of Greece's headquarters to make it look like the Bank of Berlin.
Zoellick to quit as president of the World Bank (2/16/2012 2:25:34 AM)
Robert Zoellick is to step down from the helm of the World Bank in June after a turbulent five-year stint for the global economy under his presidency.
Eurozone Recession Fears Loom As GDP Falls (2/15/2012 3:27:55 PM)
Fears are looming of a eurozone recession as its GDP fell by 0.3% over the last quarter, Italy was thrown into a recession and Germany's economy shrunk.
North and south split as euro zone economy shrinks (2/15/2012 2:24:37 PM)
BRUSSELS/PARIS (Reuters) - The euro zone economy shrank at the end of 2011 and will flirt with a mild recession under the weight of the sovereign debt crisis, but strength in France and resilience in Germany may keep it above water.
Bank: UK set to avoid recession (2/15/2012 1:47:52 PM)
The UK economy will "zig-zag" in and out of growth this year but is heading in the right direction, Bank of England Governor Sir Mervyn King has said.
VIDEO: Europe 'de-coupled from rest of world' (2/15/2012 12:44:17 PM)
Germany's economy has shrunk in the final quarter of last year thanks to a slowdown in exports - but France has shown better than expected growth.
UK economy 'to zigzag' this year (2/15/2012 12:44:17 PM)
The UK economy will "zigzag" this year, dipping in and out of growth, says Bank of England governor Sir Mervyn King.
German economy heads into reverse (2/15/2012 8:24:13 AM)
A slowdown in exports dented the Germany economy which shrank 0.2% in the fourth quarter of 2011, but France's growth was better than expected.
Lawmakers get tentative deal on payroll tax, jobless benefits (2/15/2012 2:24:52 AM)
WASHINGTON (Reuters) - U.S. lawmakers reached a tentative deal on Tuesday on legislation aimed at boosting the economy by extending a payroll tax cut for 160 million workers through this year and continuing long-term jobless benefits, congressional aides said.
George Osborne's angry attack on BBC for fuelling anti-business culture (2/15/2012 2:04:07 AM)
In a rare outburst against the corporation, George Osborne argued the BBC sort to undermine the economy during an interview with Radio 4's Today programme.
Osborne must ignore flawed prophets of doom (2/15/2012 2:04:06 AM)
ALEX BRUMMER: Politicians have badly over-reacted to the warning from Moody’s that Britain’s prized AAA status risks being downgraded. The truth is that nothing has changed in the condition of our economy in recent weeks to suggest that the UK’s rating – an international yardstick of the health of the nation’s finances – should be downgraded.
Lawmakers near deal on payroll tax cut, jobless benefits (2/14/2012 9:46:07 PM)
WASHINGTON (Reuters) - U.S. lawmakers were nearing a deal on Tuesday on legislation that would boost the economy in the short term by extending a payroll tax cut for 160 million workers and long-term jobless benefits for a full year, congressional aides said.
Greek recession deepens in 2011 (2/14/2012 12:44:02 PM)
The deterioration of the Greek economy accelerated in the final three months of last year, when it contracted at an annual rate of 7%.
Heathrow ?holding us back' (2/14/2012 10:03:45 AM)
AIRPORTS operator BAA yesterday warned a "capacity crunch" at Heathrow was putting off foreign investors and costing Britain's economy billions of pounds.
Manufacturing sector helps bring modest rise in growth (2/14/2012 9:48:56 AM)
THE Welsh private sector economy grew slightly in January, according to new figures.
Japan gets $130bn stimulus boost (2/14/2012 7:43:47 AM)
The Bank of Japan expands its stimulus measures in a bid to boost growth as Japan's economy continues to struggle.
Lack of Heathrow flights 'damaging trade' (2/14/2012 12:36:15 AM)
The boss of Heathrow airport warned yesterday that capacity constraints were "damaging the UK economy when the country can least afford it", after the number of passengers flying between the UK and China fell for a fourth consecutive month.Related StoriesAurum is sparkling as it ponders sell-offPhoenix looks to sell toy developer Vivid for £80mTUC says real jobless toll is 6.3 millionTakeover by Vodafone could end the misery for CWWFirst-time buyers rush to beat expiry of stamp duty holiday
Oil demand and forecasts: getting it wrong again in 2012 (2/13/2012 6:44:34 PM)
LONDON (Reuters) - Trying to forecast world oil demand growth is a tricky job at the best of times. This year abnormal levels of uncertainty about the global economy are making the job even more difficult.
British economy will escape a double-dip recession, says CBI (2/13/2012 5:27:14 PM)
UK austerityEconomics One-Minute Read Mon 13 Feb 2012, AT 14:43 Growth in exports and business investments to help economy swell not shrink
VIDEO: Metal thieves foiled with plastic (2/13/2012 12:43:46 PM)
Scrap metal thieves are costing the British economy hundreds of millions of pounds a year - but now the fight-back has begun with the use of plastic substitutes.
Breaking News: Growth forecasts for UK slashed (2/13/2012 5:47:22 AM)
A leading business body has slashed the UK's growth forecasts again but believes the economy will narrowly avoid another recession.
Scots economy 'struggles' to grow (2/13/2012 5:24:18 AM)
Scotland is managing to hold off recession, but its economy is struggling to grow, experts warn.
Japan's GDP shrinks 2.3% in Q4 (2/13/2012 5:24:18 AM)
Japan's economy shrank for the third time in four quarters between October and December, after floods in Thailand damaged production and a strong yen and subdued overseas demand hurt exports.
Japan economy worse than forecast (2/13/2012 4:24:09 AM)
Japan's economy shrinks more than expected between October and December as a rising yen and floods in Thailand hurt businesses.
So, are we on the road to recovery? (2/13/2012 3:04:46 AM)
YesColin EllisThe UK economy is going through a sticky patch – that much is certainly true. But the various doomsayers that have already confidently proclaimed a double-dip recession are misreading the data. The bigger picture is not as bad as you might think.
Breaking news: Growth forecasts for UK slashed (2/13/2012 2:27:55 AM)
A leading business body has slashed the UK's growth forecasts again but believes the economy will narrowly avoid another recession.
UK & World News: Growth forecasts for UK slashed (2/13/2012 2:09:22 AM)
A leading business body has slashed the UK's growth forecasts again but believes the economy will narrowly avoid another recession.
Planning shake-up 'won't help economy' but could harm public wellbeing, ministers are told (2/13/2012 2:04:24 AM)
Government reforms approved by David Cameron could punish the economy with no evidence that changes to the planning system would have any effect on productivity or employment.
Breaking News: Growth forecasts for UK slashed (2/13/2012 1:47:56 AM)
A leading business body has slashed the UK's growth forecasts again but believes the economy will narrowly avoid another recession.
Growth forecasts for UK slashed (2/13/2012 1:47:56 AM)
A leading business body has slashed the UK's growth forecasts again but believes the economy will narrowly avoid another recession.
Britain to avoid double-dip recession, says CBI (2/13/2012 12:43:55 AM)
Britan is narrowly to avoid plunging back into recession, the Confederation of British Industry (CBI) has forecast - as it warned that the fate of the UK economy was tied to that of the eurozone.
Welsh economy cuts predicted to leave £6bn black hole (2/11/2012 9:27:52 PM)
MORE than £6bn will be taken out of the Welsh economy by 2015-16 as government cuts force households to spend even less, it has been warned.
Spain backs employment law reform (2/11/2012 12:43:42 PM)
Spain's new conservative government approved sweeping labour market reforms as part of a drive to revive a sick economy and solve Europe's worst unemployment nightmare - a jobless rate of nearly 23%.
Bala: Cuts predicted to leave £6bn black hole (2/11/2012 7:47:27 AM)
MORE than £6bn will be taken out of the Welsh economy by 2015-16 as government cuts force households to spend even less, it has been warned.
VIDEO: Do people recognise Ed Miliband? (2/11/2012 7:04:01 AM)
Labour leader Ed Miliband vows to help southern England's economy during a visit to the region, but do people on the street recognise him?
Overfishing 'costing EU £2.7bn' (2/10/2012 10:03:58 PM)
Overfishing of EU fisheries is costing the European economy £2.7bn a year and 100,000 jobs, a report by a UK think-tank finds.
North Wales News: Eirias Park gets ready for Wales Under 20s Six Nations clash (2/10/2012 9:29:14 AM)
MORE than 3,500 rugby fans are set to descend on Colwyn Bay tonight for the first in a set of matches which would boost the economy of North Wales.
First Minister Carwyn Jones to tell CBI Wales the focus is on jobs and growth (2/10/2012 8:50:15 AM)
THE First Minister will outline the action the Welsh Government is taking to help the economy at a meeting of the CBI Wales Council in Newport today.
Carwyn Jones to tell CBI Wales the focus is on jobs and growth (2/10/2012 6:29:15 AM)
THE First Minister will outline the action the Welsh Government is taking to help the economy at a meeting of the CBI Wales Council in Newport today.
Emerging markets enjoy a drop of Diageo's whisky as drink sales falter in the UK (2/10/2012 2:24:17 AM)
Diageo sounded a note of caution over the global economy in 2012 even as the drinks giant raised its dividend and confirmed it will meet guidance for the medium term.
Bank of England injects £50bn into economy (2/9/2012 5:44:10 PM)
The Bank of England injected a further £50 billion into the economy today as the UK battles to stave off another recession.Related StoriesDiageo drink sales decline in UKNews Corporation results reveal cost of hacking investigation8% pay deal ends Eurostar strikeSurprise rise in factory output8 per cent pay deal ends Eurostar strike
Bank of England pumps more cash into economy to support recovery (2/9/2012 1:44:06 PM)
LONDON (Reuters) - The Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved euro zone debt crisis.
Gwynedd News: Bike trails on track and on schedule (2/9/2012 11:07:33 AM)
A TOWN will get its first glimpse of a multi-million pound mountain bike project this weekend, designed to boost the economy and attract more tourists.
Bank set to add £50bn economy boost (2/9/2012 8:24:03 AM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy despite signs that the UK's financial health may be starting to improve.
Cardiff: THIS week is Apprenticeship Week and an opportunity for us to celebrate and highlight the value of apprenticeships. (2/9/2012 6:49:50 AM)
On Monday I talked about the importance of Welsh businesses taking on more apprentices to help deliver the skilled workforce our economy needs to thrive.
Bank set to add £50bn economy boost (2/9/2012 6:49:50 AM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy despite signs that the UK's financial health may be starting to improve.
Bank set to add £50bn economy boost (2/9/2012 6:49:50 AM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy despite signs that the UK's financial health may be starting to improve.
Hamish McRae: Growth hopes give a glimpse of light at end of the tunnel (2/9/2012 1:49:25 AM)
it is funny how moods shift, isn't it? There has of course been the rise in general optimism demonstrated by the strong equity and commodity market performance pretty much everywhere – a rise notwithstanding the continuing discord in the Middle East and the rising worries about the European economy and the euro.
Analysis: Fears of slowdown fade as economy shows some muscle (2/9/2012 12:24:24 AM)
WASHINGTON (Reuters) - A few months ago economists were all but certain the U.S. economy would slow sharply at the start of this year, with many warning that recession risks were growing.
Killer bug found in more baby units (2/8/2012 6:44:35 PM)
Traces of a deadly infection which killed four babies in hospitals in Northern Ireland have been found in three more neonatal units. Related StoriesBank of England set to add £50bn economy boostReward after rope fells Durham trail bikerRiver Cottage badly damaged by fireNew year body washed up on Hampshire beach identifiedMost police lost are from frontline
New year body washed up on Hampshire beach identified (2/8/2012 6:44:35 PM)
The body of a man found washed up on a beach on the South Coast of England has been identified as a 60-year-old from Wales. Related StoriesBank of England set to add £50bn economy boostReward after rope fells Durham trail bikerKiller bug found in more baby unitsRiver Cottage badly damaged by fireMost police lost are from frontline
Most police lost are from frontline (2/8/2012 6:44:35 PM)
Nine out of 10 police officers lost in the last year were from the frontline, figures have showed. Related StoriesBank of England set to add £50bn economy boostReward after rope fells Durham trail bikerKiller bug found in more baby unitsRiver Cottage badly damaged by fireNew year body washed up on Hampshire beach identified
UK & World News: Bank set to add £50bn economy boost (2/8/2012 5:08:10 PM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy on Thursday despite signs that the UK's financial health may be starting to improve.
Breaking news: Bank set to add £50bn economy boost (2/8/2012 5:08:10 PM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy on Thursday despite signs that the UK's financial health may be starting to improve.
Bank of England expected to print more money to pump into UK economy (2/8/2012 5:08:09 PM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy tomorrow despite signs that the UK’s financial health may be starting to improve.
Music: Preview: The Kabeedies – 10 Feet Tall, Cardiff; The Factory, Porth (2/8/2012 5:08:09 PM)
IF three part harmonies, not cold hard cash, were the key currency of the worldwide monetary system then there would be no worries about impending fiscal disaster as The Kabeedies would be propping up the global economy by simple song-based means.
River Cottage badly damaged by fire (2/8/2012 4:25:35 PM)
A serious fire has "severely damaged" celebrity chef Hugh Fearnley-Whittingstall's River Cottage Park Farm. Related StoriesCycling safety: Riding the 'Tour de Chance' – and living to tell the taleRail signal staff to strike againBank of England set to add £50bn economy boostReward after rope fells Durham trail bikerKiller bug found in more baby units
Breaking News: Bank set to add £50bn economy boost (2/8/2012 4:09:08 PM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy on Thursday despite signs that the UK's financial health may be starting to improve.
Breaking News: Bank set to add £50bn economy boost (2/8/2012 4:09:08 PM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy on Thursday despite signs that the UK's financial health may be starting to improve.
Bank set to add £50bn economy boost (2/8/2012 3:07:56 PM)
The Bank of England is expected to unleash another multi-billion round of emergency support for the UK economy on Thursday despite signs that the UK's financial health may be starting to improve.
Business Advice Column with Steve Cox: preparing for continued economic difficulties (2/8/2012 2:48:26 PM)
THE latest statistics suggest that the economy is continuing to struggle and that we may be heading back into recession. This will undoubtedly result in an increasingly challenging trading environment. What can I do to prepare my business for the difficulties ahead?
Bank’s support is here for the long run (2/8/2012 12:47:20 PM)
2012 could be a positive 12 months for the local economy if Peter Abel’s team at Barclays Corporate has anything to do with it.
Is Economy Class Air Travel Linked To Blood Clot Risk? Apparently Not (2/8/2012 9:04:03 AM)
"Economy Class Syndrome" is a myth, your risk of developing a blood clot during a long-distance economy trip by plane is not higher than in first class, researchers report in an article published in Chest. The American College of Chest Physicians (ACCP) has issued new evidence-based guidelines which address some of the risk factors linked to DVT (deep vein thrombosis) - it says that there is no compelling evidence linking economy class air travel to the development of DVT...
German exports drop is steepest in nearly 3 years (2/8/2012 9:04:03 AM)
BERLIN (Reuters) - German exports fell at their fastest rate in nearly three years in December and imports also unexpectedly dropped, suggesting Europe's bulwark economy could have contracted more than forecast in the fourth quarter of 2011.
News: EEF’s David Ost column: Ost on Industry - Manaufacturing can provide glimmer of hope for GDP (2/8/2012 8:47:59 AM)
THE first estimate of GDP for the final quarter of last year confirmed what most people expected... the UK economy is at best flat with little prospects for strong growth any time in the near future.
Hundreds more jobs set to go at Lloyds and Clydesdale (2/8/2012 3:44:43 AM)
Hundreds more banking jobs could be at risk after National Australia Bank (NAB) said it was taking a much more pessimistic view of the UK economy and was launching a strategic review of its wholly owned Clydesdale Bank.
Home repossessions set to reach 45,000 by the end of the year (2/8/2012 1:29:20 AM)
REPOSSESSIONS are set to keep rising and hit 45,000 this year as the rocky economy puts even more pressure on households already struggling to make ends meet.
Greece: 'There's no more left to cut' (2/8/2012 12:24:04 AM)
That's enough, we can't take it anymore." That was the popular chant coming from protesters in Athens yesterday during the latest 24-hour general strike against the country's austerity measures. Teachers and doctors joined bank employees to demonstrate against a new round of expected cuts as the cash-strapped country continued to negotiate new reductions in spending to help keep the economy afloat.
Bernanke repeats vow to shield U.S. from Europe fallout (2/7/2012 7:04:04 PM)
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.
Bernanke repeats vow to shield U.S. from Europe fallout (2/7/2012 5:44:05 PM)
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.
Breaking News: Labour keeps up attack on bonuses (2/7/2012 2:28:35 PM)
Labour is to step up its attack on the "culture of excessive bonuses" with a warning that bumper City payouts are damaging the economy and wider society.
Labour urges more action on bonuses (2/7/2012 2:05:56 PM)
Labour is to warn that bumper bonuses for bankers are damaging the economy and wider society.Related StoriesStephen Hester drops £1m RBS bonus: Ed Miliband reactsRelated StoriesNetwork Rail bosses forego bonuses
Labour keeps up attack on bonuses (2/7/2012 1:04:13 PM)
Labour is to step up its attack on the "culture of excessive bonuses" with a warning that bumper City payouts are damaging the economy and wider society.
Labour keeps up attack on bonuses (2/7/2012 11:07:27 AM)
Labour is to step up its attack on the "culture of excessive bonuses" with a warning that bumper City payouts are damaging the economy and wider society.
UK & World News: Labour keeps up attack on bonuses (2/7/2012 11:07:27 AM)
Labour is to step up its attack on the "culture of excessive bonuses" with a warning that bumper City payouts are damaging the economy and wider society.
Breaking News: Labour keeps up attack on bonuses (2/7/2012 9:28:23 AM)
Labour is to step up its attack on the "culture of excessive bonuses" with a warning that bumper City payouts are damaging the economy and wider society.
Breaking news: Labour keeps up attack on bonuses (2/7/2012 9:28:23 AM)
Labour is to step up its attack on the "culture of excessive bonuses" with a warning that bumper City payouts are damaging the economy and wider society.
Labour keeps up attack on bonuses (2/7/2012 9:09:23 AM)
Labour is to step up its attack on the "culture of excessive bonuses" with a warning that bumper City payouts are damaging the economy and wider society.
Labour to step up attacks over bonuses (2/7/2012 9:04:03 AM)
Labour will step up its attack today on the “culture of excessive bonuses” with a warning that bumper City payouts are damaging the economy and wider society.Related StoriesDavid Miliband: I want no part in family soap operaCable and Hague to be questioned over Middle East arms dealsParenting law has 'dangers', says ClarkeTreasury under fire as 'spend now, pay later' tactic stores up a £200bn tax bill for the next generationTrending: When Daniel told Nick the magic had gone...
PRESS DIGEST - British business - Feb 7 (2/7/2012 8:24:03 AM)
British shoppers reverted to a bunker mentality over the new year, according to gloomy sales figures that quash any hope of consumers pulling the economy clear of a double-dip recession.
Labour To Step Up Attack On Bonus Culture (2/7/2012 8:07:26 AM)
Labour will warn bumper City payouts are damaging the economy and wider society today as MPs debate bankers' bonuses in the Commons.
China growth could halve if Europe crisis worsens: IMF (2/6/2012 4:49:26 PM)
BEIJING (Reuters) - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.
Indonesia growth at 15-year high (2/6/2012 10:44:03 AM)
Indonesia's economy grows at its fastest pace in 15 years during 2011, boosted by increased investment and growing domestic demand.
Asian stocks rise after US unemplo (2/6/2012 10:24:36 AM)
Asian stock markets have climbed after US unemployment fell to its lowest in three years, suggesting a stronger recovery in the world's No 1 economy that could benefit the region's exporters.
Billions more to be pumped into the economy (2/6/2012 9:08:25 AM)
THE Bank of England is widely expected to pump billions of pounds into the UK economy this week despite signs that the UK’s financial health may be starting to improve.
Hamish McRae: We can survive a eurozone slowdown, but only if the Chancellor gets radical (2/6/2012 8:44:14 AM)
Here's a puzzle: can the UK manage to continue its, albeit scruffy, recovery this year if the eurozone slips back into recession? It is a question that the Bank of England's monetary committee will have to contemplate this week as it decides whether to approve the next bout of quantitative easing. But of course it is a much bigger issue, in that to goes to the heart of the long-term strategic issue for Britain as to what extent it should seek to decouple its economy from Europe.
Bank set to print £50bn in boost to economy (2/6/2012 7:04:58 AM)
THE Bank of England is expected to pump at least a further £50billion into the economy this week despite signs the economy might be starting to improve.
£50bn to be pumped into the economy (2/6/2012 12:24:11 AM)
The Bank of England will pump at least £50bn into the economy this week, as rate-setters look to evade a double-dip recession.
'Most' Portuguese unions back cuts (2/5/2012 6:24:04 PM)
Most Portuguese unions back the government's structural reforms, the Portuguese economy minister, Alvaro Santos Pereira tells the BBC.
UK & World News: Bank set to put £50bn into economy (2/5/2012 3:07:54 PM)
The Bank of England is widely expected to pump billions of pounds into the UK economy this week despite signs that the UK's financial health may be starting to improve.
US Jobs Rise Boosts Hopes For World Economy (2/5/2012 2:30:09 PM)
The global economy received a boost after better-than-expected US jobs figures pushed the Dow Jones stock market index to its highest level since before the 2008 financial crisis.