Japan 's industrial production declined in April from the previous month, according to the revised data released by the Trade Ministry Thursday. The revised data reported that industrial output fell 0.2 percent in April, raising concerns about the country's faltering economic growth momentum. An increase of 0.2 percent growth was reported initially in April.
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Significant reductions in the cost of offshore wind energy can be achieved in the UK by the year 2020 if certain basic steps are incorporated, a new report by the Crown Estate mentions. The study has demonstrated ways by which offshore wind could reach a Levelised Cost of Energy (LCOE) of £100/MWh by 2020, in order to maximise the size of the industry. UK has witnessed a substantial increase in the costs of offshore wind since the first commercial scale wind farms were deployed in the early 2000s
Even before the dust settles on Europe's €100 billion Spain bailout, Italy's technocrat Prime Minister Mario Monti faces rising pressure amidst fears that the debt-ridden country will be next in line to plead for financial assistance. Monti's ability to perk up Italy's sagging economy is being called into question
On Sunday, the people of Greece will go to the polls for the second time in just over six weeks to elect new leadership. At stake is the country's continued membership in the euro currency, and the future of the euro zone itself. Here is our handy guide to the key events and implications you can expect going forward.
The India n economy will grow by 6.9 percent in the current financial year despite government's inaction in policy reforms and the fiscal and current deficits that slackened economic growth, says the World Bank.
Australia n Prime Minister Julia Gillard hinted on Tuesday night of lower corporate tax rates after the federal government scrapped the proposal. She said lower corporate tax rates would benefit workers and the community in terms of more jobs available and better pay over time