Category: Business
World Bank leadership contender José Antonio Ocampo quits
“” alt = width = height = American candidate Jim Yong Kim seems more and more certain of be voted President of the Bank One of the three candidates in the race to head the World Bank has released, calling the bid “fiscal policy”. output Colombian economist Jose Antonio Ocampo, is that America is almost [...]
The single currency has come to a crossroads three
“” alt = width = height = There are three possible ways of the crisis the euro area: austerity, investment or Argentina on the road 90 years the next 12 months will decide the fate of the euro area. Problems of the single currency are gone and once again dominate this week, the International Monetary [...]
Doctor in charge at the World Bank will have to revive the patient
In a plot from The West Wing, Jim Yong Kim will take lessons from fighting HIV-Aids and TB to running the financial institution It was Aaron Sorkin’s The West Wing come to life: the White House solving a dilemma with a dramatic move, plucking out an obscure but highly qualified candidate for a crucial post. [...]
William Hill’s move into US market stalls in Nevada
Speculation that delay in considering gaming licence is due to company strategy head’s past involvement in market abuse case The bookmaker William Hill’s “strategically important” entry into the US sports betting market has stalled, with the company appearing to be struggling to persuade Nevada regulators to consider its application for a gaming licence. The state’s [...]
How tiny Estonia stepped out of USSR’s shadow to become an internet titan
The European country where Skype was born made a conscious decision to embrace the web after shaking off Soviet shacklesEesti keel | Estonian language version In 1995, four years after Estonia broke free from the USSR, Toomas Hendrik Ilves read a “very Luddite” book by Jeremy Rifkin called The End of Work. “It argued that [...]
UK economy grew 0.1% to avoid recession, says NIESR
NIESR’s estimate followed official data for February showing a worse-than-expected slump in manufacturing. Photograph: Christopher Thomond The UK economy has avoided a double-dip recession by the narrowest of margins, a leading thinktank predicted after a manufacturing slump underscored the fragile nature of Britain’s recovery. The economy grew just 0.1% in the first [...]
Investors dump euro and risky bonds as fears about Spain intensify
A man injured after a clash with police in Madrid during last month’s general strike. Photograph: Jose Luis Cuesta/Demotix/Corbis Worries about Spain’s perilous economic outlook and the threat it poses to its fragile eurozone neighbours intensified on Thursday night as investors dumped the euro and riskier government bonds ahead of the long holiday [...]
President signs small business act into law – with Republican support
Barack Obama signs the Jumpstart our Business Startups (Jobs) Act on Thursday in the Rose Garden of the White House. Photograph: Carolyn Kaster/AP In a rare moment of co-operation, Democrats and Republicans got together Thursday to sign a new law designed to make funding and regulation easier for small companies. President Barack [...]
Nicolas Sarkozy warns of Greek tragedy if France fails to re-elect him
Nicolas Sarkozy vows to balance France’s budget by 2016, a year earlier than his Socialist rival François Hollande has promised. Photograph: Michel Euler/AP Nicolas Sarkozy has unveiled his presidential election manifesto, warning that France would become the next Greece and face economic meltdown if he wasn’t re-elected. After weeks of drip-feeding proposals [...]
US retailer Dick’s throws JJB Sports £20m lifeline
JJB reported full-year pre-tax losses of £101m on sales down 21.7%. Photograph: Dave Thompson/PA JJB Sports, the loss-making sports and leisure wear retailer, has been thrown a £20m lifeline by US retailer Dick’s Sporting Goods. Dick’s, which runs 561 stores in the US, said the deal will eventually lead to it becoming [...]
