Tumble In The Price Of The Oil

Posted in: Business, Featured by Diana Miron | May 5th 2011 | no comments

While some of the things that are happening on an international level make United States to be proud of finally “defeating the enemy”, on the economic side things are not going as well as they are supposed to. Oil price does not reach the supposed target and it even tumbles 7%. The main reason [...]

Britain lowers costs, increases taxes, including VAT, and requires new bank fees

By Andrei Lozinschi | June 23rd 2010 | no comments

Britain will reduce spending, increase taxes, including VAT, and will impose a new tax on the banking system which will provide funding to two billion pounds, according to the budget presented on Tuesday, the British Minister of Finance, George Osborne. Government expenditure will fall by 25% over the next four years, and VAT will be increased to 20% in 2011 from 17.5% currently, said [...]

U.S.: unexpected loss of sales of old housing

By Andrei Lozinschi | June 23rd 2010 | no comments

Old housing sales fell unexpectedly in May, following the delay in processing applications for mortgage loans fixed for conclusion of a government program to encourage lending area, causing the decrease on Wall Street Monday. Compared with April, sales have declined 2.2% to an annual rate of 5.66 million units, according to the National Association of American Real Estate Developers. [...]

Number of dollar millionaires in 2009 increased with 17% worldwide– study

By Andrei Lozinschi | June 23rd 2010 | no comments

Number of dollar millionaires in 2009 increased 17% worldwide, with ten million, despite the fact that the global economy enters the worst recession in decades, according to a study by Merrill Lynch and Capgemini. Their wealth increased by 19% last year to 39.000 billion dollars, nearly recovering losses from the financial crisis. Grants have increased approximately 50% and hedge [...]

Chinese car companies replaced by automated robots

By Andrei Lozinschi | June 23rd 2010 | no comments

New laws on minimum wages, freedom of development of Chinese currency, the yuan and the last strike of Chinese workers in production at companies Honda Motor, Toyota and Foxconn Technology Group Fava convinced companies to invest in industrial equipment to reduce the number of employees. Salaries in the region have increased in the last six months by 17%, according to a study supported [...]