Finance & Economics

Survey finds increased opportunity for UK automotive supply chain

The UK automotive supply chain could win £3 billion of additional new business in the UK according to the latest data published by the Automotive Council.

The 2012 survey shows that the purchasing spend of the vehicle makers who responded to the survey is £23.6 billion. This is an increase of £3 billion on 2011.

IP attaché in Brazil appointed to support UK businesses

British businesses will now be able to access intellectual property advice and support from a newly appointed IP attaché in Brazil.

UK Deputy Prime Minister Nick Clegg announced Sheila Alves as the new IP attaché for Brazil at UK Trade and Investment’s Brazil Business Day event at Lancaster House.

Former Chairman of the Board of Publicly Traded Company Pleads Guilty to Insider Trading Scheme

The former chairman of the board of Home Diagnostics Inc., a health products company that previously traded on the NASDAQ stock exchange, admitted today to insider trading, U.S. Attorney Paul J. Fishman announced.

World Bank Supports Policy and Institutional Reforms for Lao PDR’s Resource-rich Economy

US$ 20 million grant for the Eighth Poverty Reduction Support Operation Approved by World Bank Board

The World Bank Board of Executive Directors today approved US$20 million in grant financing for the Eighth Poverty Reduction Support Operation (PRSO)—the first operation of the third programmatic series of operations. The grant builds on the strong results of the previous series of operations with total grant disbursements of US$68 million since 2004.

Employment: Commission proposes €1.5 million from Globalisation Fund to help Dutch workers in aluminium industry

The economic and financial crisis has seriously hit the construction and transport industries, two sectors which represent the main end-user market of aluminium products. As a consequence the European aluminium sector suffered from a sudden drop in consumer demand which results in redundancies.

Statement at the Conclusion of an IMF Mission to Guinea

An International Monetary Fund (IMF) mission visited Conakry during July 19–August 8, 2012 to conduct discussions on the first review of a program supported by the Extended Credit Facility (ECF, an IMF’s main tool for medium-term financial support to low-income countries), which was approved by the IMF Executive Board on February 24, 2012 in the amount of SDR128.52 million (about US$194.50 million).

The Islamic Republic of Iran Begins Participation in the IMF’s General Data Dissemination System

The Islamic Republic of Iran began participating in the International Monetary Fund’s General Data Dissemination System (GDDS) on August 6, 2012, marking a major step forward in the development of its statistical system. Comprehensive information on the Islamic Republic of Iran’s statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board.

UK innovation going for gold

Innovative British companies, entrepreneurs and venture capitalists were today brought together with the elite of US venture fund managers and investors at a major conference in London to promote investment in Britain’s rapidly growing high-tech sectors.

The US / UK Financing Innovation Conference aims to highlight the quality of British companies, the UK research base and encourage venture capitalists to get behind the emerging breed of innovative, high-growth firms. It will also bring investors together so that UK fund managers can build links with their US counterparts.

Concluding Statement by an IMF Mission to Benin

“The Beninese economy is projected to grow at 3.5 percent in 2012, similar to the rate of growth last year. An increase in cotton production during the 2011/12 campaign will be offset by a reduction in real household income driven by the hike in the price of fuel from Nigeria, and the slowdown in activity at the Port of Cotonou over the summer.

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Yemen Battles Hunger While Struggling with Multiple Crises

Tucked away in the corner of the Arabian Peninsula and somewhat obscured by surrounding Persian Gulf countries, Yemen is struggling with multiple crises: If an ongoing uprising and endless clashes between Yemen’s security forces and al-Qaida militants weren’t enough of a challenge for the impoverished nation, nearly half of Yemen’s people are going hungry, with many facing the danger of starvation.