Mr Sarrazin says his book should be read in full before being criticised
The German government has condemned an official with the country’s central bank on the publication of his book on immigration
Quantitative easing may need to be extended, Charles Bean says
Central banks may have to provide more economic support amid a fragile global recovery, the deputy governor of the Bank of England has warned.
Charles… more...
US consumer spending rose by a faster-than-expected 0.4% in July, as shoppers saved less of what they earned.
Personal income, however, grew only 0.2%. Economists had expected both numbers to rise by 0.3%.
Meanwhile, a regional manufacturing survey for Texas showed zero growth in August, confirming a nationwide slowdown in industrial output.
Wall Street was underwhelmed by the data, with the Dow Jones dropping some 0.7%… more...
The strength of the yen against other currencies is a worry for the Japanese economy
The Bank of Japan (BOJ) has announced measures to boost lending aimed at combating
Unemployment is expected to rise again as public sector cuts hit home
At least one in 10 people will be unemployed in half of UK regions by 2015, an economic think tank has forecast.
WASHINGTON (CNNMoney.com) — A wave of weak economic reports has prompted some Democrats to embrace a short-term extension of the Bush tax cuts — even for the rich.
President Obama has been campaigning to extend the tax cuts for the middle class, while allowing the tax breaks for individuals who earn more than $200,000 a year and families who earn more than $250,000 to lapse
However, the Senate… more...
Mr Bernanke said all of the possible policy options contained risks
Federal Reserve chairman Ben Bernanke has laid out four “unconventional” policy options to boost the US economy.
Top of the list is more “quantitative easing”… more...
The construction sector grew by 8.5% in the second quarter
The UK economy grew by more than initially thought in the second quarter of 2010, boosted by a strong performance by the construction sector.
The economy grew by… more...
Consumers hunting for bargains in Japanese shopping centres have seen months of falling prices
Japan’s core consumer prices index fell for the 17th month in a row in July, underlining the… more...
The US economy grew 1.6% in the second quarter, revised dow
The figures were better than most analysts had expected.
Recent data on the US economy had raised worries that the US was entering a double-dip recession, dragging the rest of the world with it.
The revised figure was mostly due to the largest surge in imports in… more...