THE SMART NEWS SOURCE | Feb 10 2012 15:11 | LAST UPDATED Feb 10 2012 15:11 |
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One in three workers live in povertyWorld needs to create almost 600-million jobs in order to tackle unemployment caused by recession. Eurozone's weak manufacturing output spells slide to recessionA lack of confidence among investors in the prospects for the eurozone has pushed the value of the euro down against the US dollar and the yen. Made in Japan, but it might not be for longMore firms face a tough choice over whether or not to move production in Japan overseas to escape the impact of the relentless rise of the yen. Global slump may retard Africa's growthAs the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa Can SA producers hope for rescue from Gordhan?SA's manufacturing sector has been the hardest hit by the global slowdown, but there is hope Pravin Gordhan will announce measures to support it. Who will pass the sustainability test?The social, financial and environmental impact of companies is coming under the spotlight. US unleashes $400bn to save economyThe United States central bank has unleashed a radical $400-billion plan to prevent the world's largest economy sliding back into recession. US recession fears wrecks world marketsWall Street braced for losses on Tuesday after world stock markets took a beating over fears that the US economy was heading back into recession. Gordhan searches for a better planPravin Gordhan needs SA's economy grow at a rate of around 7% per annum in order to create jobs and keep the country globally competitive. Pressure eases off eurozone debt fearsFinancial market pressure on the euro zone eased a little this week as Italy's borrowing costs fell and bank shares stabilised. |
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