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Specialist courier franchise Pack & Send will look to add five more countries to its growing global operations, which currently spans Australia, New Zealand and the UK. Pack & Send CEO Michael Paul says the model has matured to the point where they are planning to set up franchises in Canada, Germany, Malaysia, Mexico and [...]
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The German Finance Ministry yesterday released a report that suggests the German economic recovery may not be as stable as first thought. Although figures from the June quarter released earlier this month showed that Europe’s largest economy had come out of recession, the growth was largely due to the government’s fiscal stimulus package and may [...]
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Both France and Germany released figures this week showing that they have recovered from recession. Official data from France showed growth in the June quarter, with a 0.3 percent rise in gross domestic product (GDP). Earlier forecasts had predicted a 0.2 percent contraction. “The data is very surprising. After four negative quarters France is finally [...]
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Exports, retail sales and industrial output in China rose in July according to government figures, while positive signs in major economies Germany, Japan and the USA have led economists to believe slow global recovery has begun. China’s customs data showed trade figures rising by US$17.5 billion in July, including a 10.4 percent increase in exports [...]
...read moreTourism to the Spanish island of Majorca, renowned for its beachside resorts, is expected to suffer following last Thursday’s bomb blasts that killed two policemen. Authorities suspect that Basque separatists conducted the attacks, as approximately 400,000 tourists holidayed on the island during its peak season. Already affected by the global economic downturn and competition from [...]
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A German government scheme has led to a jump in car sales, prompting a rise in industrial production. May figures showing the growth rate at 3.7 percent was reportedly the fastest in 16 years, according to official data. “Given firmer orders, the prospects for a positive development in industrial production have improved,” read a statement [...]
...read moreAustralian Prime Minister Kevin Rudd, on a European tour this week, has expressed concerns that the global economy has not yet recovered and requires a coordinated policy approach by world leaders. “While collectively we may have responded effectively to the worst period of the immediate financial crisis, we will not be out of the woods [...]
...read moreExports from Germany plunged almost 30 percent on last year’s figures, while industrial output slowed by 21.6 percent over the same period, according to figures released earlier this week. The 28.7 percent annual drop in exports was the biggest fall since records began in 1950. The newly-released April export figures represented a drop of 4.8 [...]
...read moreBritish Prime Minister Gordon Brown said world trade has been a “serious casualty” of the global economic crisis and warned against trade barriers and protectionist measures. Writing for the Wall Street Journal, Brown lamented the cycle of declining trade: “The simple truth is that trade is the most serious casualty of the global financial crisis, [...]
...read moreThe US economy has recorded a first quarter contraction of 6.1 percent (projected annually), due to falling exports and business investment. The quarter’s results was worse than predicted and follows a 6.3 percent contraction recorded in the previous quarter. However, consumer spending rose 2.2 percent during the same period. Meanwhile, the German government has released [...]
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