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Companies must be responsible for the conditions of workers employed by their subcontractors and an EU legal instrument is needed to make sure this is the case say Members of the EP Employment and Social Affairs Committee, referring to the concept of "joint and several liability".
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E-money services - which store cash in electronic form - should be enhanced by boosting innovation and improving consumer confidence, according to the Economics Committee, which approved an update of the EU legal framework.
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Stimulating the EU economy and its competitiveness and making financial markets function again are essential to avoid mass unemployment and create new jobs, according to the report drawn up by Elisa Ferreira (PES, PT) on the Commission's European economic recovery plan.
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Charges on heavy-goods vehicles should be based in part on the air and noise pollution they produce and the congestion they cause, according to legislation approved by the Transport Committee.
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Britain is facing an unprecedented fall in its economic world ranking, according to a newly produced report by country risk specialists Business Monitor International. Ranked by GDP per capita, the UK is set to fall by nine places, from 12th place in 2007 to 21st in 2010.
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The Conference Board Leading Economic Index for Spain declined 0.5 percent and The Conference Board Coincident Economic Index decreased 0.4 percent in December.
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Fitch Ratings says that the French government's new Consumer Law project should enhance and reinforce professional best practices in credit lending. It also notes that among the preliminary recommendations from Athling Management's report prepared for the French Ministry of the Economy and Finance, the proposal to establish a credit database as part of the project is a first step towards addressing household indebtedness. The draft of the new legislation is expected to be announced in March 2009.
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Having shown relative resilience amid the increasingly challenging economic conditions at the end of 2008, German online recruitment activity fell sharply at the start of 2009, as heavy industries such as production, manufacturing, maintenance and repair suffered sharp declines. Meanwhile, engineering also saw a sharp decline, suggesting their work pipeline is also under pressure. Despite a sharp fall in healthcare positions, the sector remains near historically high levels.
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The Monster Employment Index UK decreased by 30 points in January, continuing the overall downtrend seen since February 2008.
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