News archive from 16 October 2012

Eurozone debt crisis poses serious threat to emerging markets

Eurozone debt crisis poses serious threat to emerging markets

Women in a Bangladesh garment factory. A drop in trade finance poses a threat to such companies, denying them vital lines of credit. Photograph: Munir Uz Zaman/AFP The eurozone crisis poses a greater threat to developing economies than the 2008...

Guardian, 07:07 in Business
 
Inflation expected to remain at 3%

Inflation expected to remain at 3%

Petrol prices have eased in May, taking the heat off inflation. Photograph: Danny Lawson/PA Inflation figures out at 9.30am are expected to show that the squeeze on consumer spending maintained its grip in May. While many economists expect further...

Guardian, 08:10 in Business
 

William slams trade in rhino horns

The Duke of Cambridge has called people involved in the illegal trade of rhino horn "extremely ignorant, selfish and utterly wrong". Black rhinos are critically endangered in the wild because of the soaring price of rhino horn, which is...

 

New search in missing teenager hunt

Police investigating the disappearance of a teenager 21 years ago are to start searching parkland following new information about the case. West Midlands Police said a number of specialist teams will begin to scour an area of cordoned-off parkland off...

 

NHS trusts warned on op 'rationing'

NHS trusts have been warned they could face intervention by the Health Secretary after a survey showed that pressure to save money has led to restrictions in access to non-urgent procedures. Health Minister Simon Burns said rationing treatment on...

 
Pupil hunger: nearly half of teachers have taken food in for their pupils

Pupil hunger: nearly half of teachers have taken food in for their pupils

Teachers responding to our hunger survey reported their pupils were having fizzy drinks for breakfast. Photograph: Alamy Last month we asked Guardian Teacher Network members and readers of our blogs about the issue of hunger in schools as part of a...

Guardian, 08:57 in Business
 
Government criticised for 'piecemeal' approach to youth unemployment

Government criticised for 'piecemeal' approach to youth unemployment

Youth unemployment in the UK has quadrupled in a decade. Photograph: Mark Richardson/Alamy The government has been criticised for a "fragmented" and "piecemeal" approach to tackling youth unemployment, which has quadrupled over the...

Guardian, 09:44 in Business
 

Home Retail gains 16% after better than expected performance from Argos

As markets edged higher ahead of the latest Spanish debt auction and hopes of action to stimulate the US economy from the Federal Reserve, a couple of UK consumer companies were leading the way. Whitbread jumped 131p to £19.80, leading the FTSE 100...

Guardian, 09:44 in Business
 

Weir shares jump after it unveils "punchy" growth targets for its minerals business

Weir is one of the best performers of the day so far, as the pumps and valves group gives an upbeat assessment of its minerals business. Ahead of a presentation in the City, the company said it had won equipment orders worth £1.1bn in the division...

Guardian, 10:18 in Business
 
Inflation drops to 2.8% as oil prices slide

Inflation drops to 2.8% as oil prices slide

Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra. A fall in oil prices has taken the heat out of inflation. Photograph: Nabil Al-Jurani/AP Inflation has slipped to its lowest level in two and a half years, in a rare piece of...

Guardian, 10:25 in Business
 

Unexpected fall in inflation rate

The UK economy could get another emergency cash injection as early as next month after figures showed a surprise drop in inflation. Falling petrol prices meant the Consumer Price Index (CPI) rate of inflation dropped to 2.8% in May, down from 3% in...

 
RBS job cuts described as 'brutal'

RBS job cuts described as 'brutal'

The Unite union said the job losses amounted to a 50% cut in staff numbers the financial planning service. Photograph: Stefan Wermuth/Reuters Union leaders attacked the Royal Bank of Scotland on Tuesday for announcing "brutal" cuts of 600...

Guardian, 11:02 in Business
 

Analysts suggest AstraZeneca should consider merger of equals with US group AbbVie

Time for another spot of fantasy takeover talk, involving pharmaceutical group AstraZeneca. The company is struggling to beef up its pipeline of products as patents on key drugs, notably Crestor in 2016, expire. Analysts at Liberum Capital say current...

Guardian, 12:05 in Business
 
G20 summit: Barroso's bungling blame game

G20 summit: Barroso's bungling blame game

The European commission president, José Manuel Barroso, was on shaky ground when he lashed out at the G20 summit in Mexico. Photograph: Bertrand Langlois/AFP/Getty Images Sometimes you read something in a newspaper, even the blessed Guardian, and...

Guardian, 12:10 in Business
 
Falling inflation should boost the economy - and give QE the green light

Falling inflation should boost the economy - and give QE the green light

Inflation: the Bank of Englandshould now have more room to extend QE. Photograph: Paul Hackett/Reuters High inflation has been the silent killer of growth for the past 18 months. While all the attention has been on the government's austerity measures,...

Guardian, 12:14 in Business
 


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