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EC Calls on EU Leaders to Stay United Against the Crisis, Move Fast on Financial Market Reform and Show Global Leadership at G20

added: 05-03-2009

The European Commission is calling on EU leaders to further step up coordinated European action to fight the economic crisis. In its communication to the European Council summit on 19-20 March, the Commission sets out proposals for building on the extensive support already being given to the real economy and to employment. The Commission's communication unveils a comprehensive reform of the financial system based on the de Larosière report. It shows how a clear and united commitment to this ambitious programme can pave the way for the EU to give a global lead at the G20 summit in London on 2 April.

Better High-Speed Internet Access Needed to Revitalise Europe's Rural Regions

added: 03-03-2009

Connecting the 30% of the EU's rural population that has no high speed internet access should be a priority for achieving 'broadband for all' by 2010, the Commission said. Improved internet connectivity is a powerful tool to stimulate swift economic recovery.

EU Launches Campaign to Tackle Gender Pay Gap

added: 03-03-2009

The European Commission has launched an EU-wide campaign to help tackle the gender pay gap. Across the EU economy, women earn on average 17.4% less than men. The simple concept of 'equal pay for work of equal value' is at the heart of the campaign being launched in the context of International Women's Day on 8 March to raise awareness of the pay gap, its causes, and how to tackle it.

Fitch: German Life Insurers' Outlook Remains Negative

added: 03-03-2009

Fitch Ratings' Outlook for the German life insurance sector remains Negative, according to a special report, despite the relative resilience of the sector when compared with other life insurance markets. The negative outlook reflects Fitch's expectation that the number of rating downgrades will exceed the number of upgrades over the next 12-18 months.

EU: Tobacco Tax Increases

added: 03-03-2009

A gradual increase in minimum tax rates on cigarettes, to at least €1.50 per pack by 2014, and other tobacco products, was backed by the Economic Affairs Committee on Monday, but it advocated smaller increases than those proposed by the Commission.

Frost & Sullivan: Mounting Waste and Crashing Prices of Recyclables in the EU

added: 03-03-2009

The current economic crisis has hit the EU Waste Management Market hard and the recycling sector has borne the brunt of the blow. Falling prices of recyclables has lead to vast volumes of unattended waste piling up in landfills and warehouses.

Credit Card Increases Lead Over Other Payment Methods in Online Retail

added: 02-03-2009

As in overall e-commerce, credit cards are clearly the preferred payment method in European online retailing. Their share rose almost 6% year-on-year. Consumers use credit cards to pay for more than eight out of ten purchases in European online retailing.

Monetary Developments in the Euro Area: January 2009

added: 02-03-2009

The annual rate of growth of M3 decreased to 5.9% in January 2009, from 7.5% in December 2008. The three-month average of the annual growth rates of M3 over the period November 2008 - January 2009 decreased to 7.0%, from 7.9% in the period October 2008 - December 2008.

UK: Average house price falls 0.8 per cent in January to £156,753

added: 02-03-2009

Monthly house prices in England and Wales fell by 0.8 per cent in January, according to the latest figures from Land Registry. The average house price is now £156,753, down almost £28,000 on January 2008. This represents an annual decrease of 15.1 per cent.

Boost in Broadband Use in the UK

added: 28-02-2009

Access to the Internet via a broadband connection is quickly becoming the norm in the UK. According to eMarketer, more than 17 million households in the UK, or 67.2% of the total, will subscribe to various broadband technologies in 2009. That’s an almost 6.5% increase from the 16.1 million households using broadband in 2008.

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