recession
Spain : doctors protest cuts in Barcelona
Hundreds of doctors in white coats and other health workers demonstrated Tuesday in Barcelona, blocking traffic in protest at crisis spending cuts that have...
ING : Netherlands will be on edge of recession near the end of the year
The Netherlands will be near recession as 2012 closes in. This would be due to weaker exports and sluggish domestic demand, which poses a...
Swiss Re : warns that the economic environment is still turbulent
Swiss Re warns that the economic environment, in the wake of the financial crisis is still very challenging and turbulent.
The industry is moving...
Prudential : 80% of pensioners take an average £21,500 lump-sum from pension funds at retirement
News research from Prudential shows 79 per cent of UK pensioners, with private or company schemes, are taking tax-free lump-sums out of their pension...
AXA : Big Money Index shows financial pessimism
AXA’s Big Money Index shows that 40 per cent of consumers, or 20 million people have made significant spending cutbacks in their daily lives...
LV= : why UK economic growth will persist
The prospects for economic growth in the UK are not as bad as some commentators would have us believe. Whilst growth has been disappointing...
Recession-hit charities say Britain’s banks should donate more
Over half of Britain’s charities believe that the nation’s banks and financial traders are morally obliged to increase their support for charities following their...
Insurance Industry : moderate down fall
The insurance industry, continuing its downward trend since the recession, has dropped 1,300 jobs in the latest employment report of August numbers from...
BIBA concerned that consumers and businesses will be hit by increasing insurance costs
The British Insurance Brokers’ Association (BIBA) is disappointed that the Government has announced increases to Insurance Premium Tax (IPT) in today’s budget.
BIBA believes that...
US recovery on track despite European debt concerns
Better-than-expected economic indicators are pointing to an on-track US recovery, even as European debt concerns cast a shadow over the world's largest economy.
Strong housing,...
Energy insurers must cope with rising power demand unchecked by the recession
The economic recession has barely dented global usage of electricity in the long term leaving both power generators and their insurers having to cope...
Groupama Optima Trade Plus : Tradesman policy is first to cover part-time workers and offer them fairer premiums
In a first for the insurance sector, Groupama Insurances is offering Tradesman cover for part-time workers at a reduced per capita rating through its...
Swiss insurer Baloise reports profit rise
Swiss insurance group Baloise on Thursday announced an 8.9 percent increase in annual net profit in 2009, just below analysts' expectations despite strong business...
Bailouts for British banks hit 850 billion pounds
Britain's support for its banks has hit 850 billion pounds in the wake of the global financial crisis, a watchdog report said Friday, amid...
Bailout puts £1.5tn on UK debt
An estimated £1.5 trillion will be added to the national debt as a result of the financial crisis, the Office of National Statistics (ONS)...
New US weekly jobless claims fall
US jobless insurance claims are trending lower from a March peak, official data confirmed Thursday, but unemployment within a fraction of 10 percent challenges...
Royal Bank of Scotland to maintain recovery plan and sell top brand Direct Line and Churchill
Part-nationalised lender Royal Bank of Scotland said it aims to stick with its recovery plan despite potential large-scale disposals ordered by European Union anti-trust...
British government in £40 billion bailout to troubled banks
Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock...
Britain’s recovery from recession will be slow and difficult
Britain's recovery from recession will be slow and painful, with growth unlikely to hit one percent in 2010, a report out Monday warned.
The recovery...
AIG explains its debt to the government to face confusions
In response to continuing confusion regarding the amount of assistance AIG has received from the government and the amount it must repay, AIG provides...
