Category: Glasgow
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 [...]
