02 Aug 2010: US Unemployment for July - Not Optimistic
Apparently, the biggest problem for the US economy remains the unemployment, as it went up again in July.
The joblessness rose from 9.5% in June to 9.6% in July, showed data of 57 economists surveyed by Bloomberg News. ...
30 Jul 2010: German Business Confidence Unexpectedly High
The German business confidence showed an unexpectedly high rise of 106.2 in July compared to 101.8 in June, reported the Ifo Business Climate Index. This is the largest amount the business confidence has jumped with in the past 20 years.
"This increase is the largest since German reunification. ...
20 Jul 2010: Eurozone Production Up
The 16 eurozone countries demonstrated increased industrial production for the third consecutive month in May. Production went up by 0.9% from last month, which is the same as the increase in April, according to Eurostat, the EU’s statistics office.
The percentage was, however, lower than the forecasted 1.2%. ...
09 Jul 2010: Greek Islands on Sale to Save Economy
Greece is taking drastic measures to pay back its debts - it is going to start selling some of its islands or offer long-term leases on them.
The country has 6,000 islands as 227 of them are populated. The island Nefsika, for example, is on sale, costing 15 million euros
, while others are as law as 2 million.
The protests and the country’s debt weakened the economy to a point where the German politicians encouraged Greece to start selling its islands, historic buildings and artworks. ...
25 Jun 2010: Olympics 2012 Will Accept Only Visa Cards for Ticket Purchases
Fans of the Olympics, which will take place in London 2012
, will have to use only Visa to buy tickets due to arrangements between Visa and the Olympic and Paralympic Games.
People can buy the tickets from any shops or cash machines at Olympic venues using only their Visa credit or debit cards. Per a London 2012 spokesperson, this arrangement shouldn’t be a surprise for the sports fans: “Visa will be the official card and payment system for London 2012, in the same way as for the Beijing Games in 2008 and the Vancouver Games earlier this year. ...