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Britain facing decade of economic pain: forecastersLondon (AFP) Jan 18, 2010 Britain faces the prospect of a decade of economic pain, after binging on cheap debt, and its recovery will rely on trading more with Asian tigers like China, forecasters warned on Monday. The economy, expected to have escaped recession in the last quarter of 2009, faces a "challenging" 2010, according to the Independent Treasury Economic Model (ITEM) Club economic forecasting group of auditors Ernst and Young. "The UK economy has moved out of a decade of debt and into a decade of painful readjustment," the ITEM Club said in a key report published on Monday. ... read more |
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EU, Iraq sign energy agreementBrussels (AFP) Jan 18, 2010 The European Union and Iraq signed an agreement Monday to strengthen their energy cooperation in areas such as natural gas, energy security and renewables, a Brussels spokesman said. "Iraq represents a vital link for EU's security of supply," EU Energy Commissioner Andris Piebalgs said in a statement after the deal was inked in Baghdad. Iraq "is already an important supplier of oil and ... read more |
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Madrid (AFP) Jan 18, 2010The Spanish presidency of the EU will push for the creation of a "common digital market" to help develop pan-European online services and boost the economy, Industry Minister Miguel Sebastian said Monday. "The moment has come to study a new strategy for the next five years in which information and communications technology play an important role in the development of a digital society in Eur ... more 
Frankfurt, Germany (UPI) Jan 18, 2009 The economic crisis of 2008-09 appears to be over, but along the way it has transformed the shape and dynamics of the global economy. The unexpected and dramatic development has not been the vigor of the Chinese economy nor of the BRIC economies as a whole, but the emergence of a major new force in the global economy. It is time to focus on the 10 middle-income emergent countries, whose joint ... more  
Sydney (UPI) Jan 18, 2009 Half the proposed liquefied natural gas plants in Australia could face delays, analysts say. A larger playing field of supply options for Asian LNG customers could adversely affect the prices producers receive, giving buyers an advantage in contract negotiations, according to a Merrill Lynch report. "Project attrition, delay and even outright cancellation are inevitable," wrote ... more |
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DISASTER.WIRE 6.5-magnitude quake shakes Mexico City
Second deadly avalanche hits Spanish Pyrenees Avalanche in Spanish Pyrenees kills three skiers Death toll from Spain flooding rises to three Body found in Spain flooding takes death toll to two Ivory Coast ruling party set for election landslide: early results One dead, two missing in southern Spain after flooding Three missing in southern Spain after flooding Two dead as storm batters Nordics 6.6-magnitude earthquake hits off Taiwan ENVIROMENT.WIRE 2025 was UK's hottest and sunniest year on record
US woman killed in rare suspected mountain lion attack Tesla sales slip as it loses EV crown to China's BYD in 2025 Norway closes in on objective of 100% electric car sales France's Reunion warns of 'probable or imminent' volcanic eruption Trump gets wrong country, wrong bird in windmill rant Regional temperature records broken across the world in 2025 American man dies skiing off-piste in France French ban on 'forever chemicals' in cosmetics, clothing to enter force France pushes back plastic cup ban by four years |
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