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Credit Crunch Stopping Workers Acting on Health Issues

added: 06-10-2008

A major new health report reveals that the credit crunch is leading to people being less likely to take time off sick. 83% of workers reported feeling the impact of the credit crunch and 42% of British workers stated they were less likely to take time off during the economic slowdown. The report also surveyed HR professionals, 76% of whom agreed that employees will be less likely to take time off sick as a result of job security worries.

Fitch Downgrades Estonia, Latvia and Lithuania

added: 04-10-2008

itch Ratings has downgraded the Long-term foreign and local currency Issuer Default ratings (IDRs) and Country Ceilings of Estonia, Latvia and Lithuania by one notch. The Outlooks remain Negative.

EU Boosts National Efforts to Fight Poverty and Social Exclusion

added: 03-10-2008

The European Commission has put forward a set of common principles to help guide EU countries in their strategies to tackle poverty. The Recommendation is based around three key aspects: adequate income support, inclusive labour markets and access to quality services.

Volume of Retail Trade up by 0.3% in Euro Area in August 2008

added: 03-10-2008

In August 2008, compared with July 2008, the volume of retail trade rose by 0.3% in the euro area (EA15) and by 0.4% in the EU27. In July retail trade increased by 0.1% and 0.3% respectively. In August 2008, compared with August 2007, the retail sales index fell by 1.8% in the euro area and by 0.2% in the EU27.

Eurozone Inflation is Slowing

added: 03-10-2008

The European Central Bank had a chance to send a big message to the slowing eurozone economies and those surrounding it when it met overnight.

European Labor Market: The Fflexicurity Concept

added: 03-10-2008

Flexicurity is a policy approach that attempts to combine flexibility of labour markets for employers and security of employment for employees. It has the potential to substantially enhance the competitiveness of the European economy and create higher levels of employment.

CEA says Financial Turmoil Confirms Case for Group Supervision

added: 03-10-2008

As debate on the draft Solvency II Framework Directive reaches a crucial stage in the European Parliament and the EU Council of Economic and Finance Ministers, and against the background of the current financial turmoil, the CEA, the European insurance and reinsurance federation, has reiterated its firm belief that an advanced system of supervision that monitors insurers at group level is essential in the proposed solvency regime.

Great Potential of Cross-Border Shopping Going Unfulfilled, Says EU Report

added: 03-10-2008

EU Consumer Commissioner Meglena Kuneva announced the results of two new EU wide surveys on retailers' and consumers' attitudes towards cross-border shopping. The figures show that even though e-commerce is taking off at national level, cross-border e-commerce is failing to keep pace. The share of EU consumers that have shopped across border has remained stable since 2006 (at around a quarter of the population).

Price Rises Force Older People Into Poverty

added: 02-10-2008

Millions of older people in the UK , including one million Scottish pensioners, are living on the brink of poverty - and further inflation rises, including price hikes for essentials like food, gas and electricity, could push many into financial despair. Yet, the government is throwing billion-pound lifelines to the City fat cats who have ruined the economy.

Industrial Producer Prices Down by 0.5% in Euro Area

added: 02-10-2008

In August 2008 compared with July 2008, the industrial producer price index fell by 0.5% in the euro area (EA15) and by 0.7% in the EU27. In July, prices rose by 1.3% and 1.2% respectively.

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