Bank of England Chops Half Point
The Bank of England cut interest rates by another half point to 1.5 percent today, reducing the benchmark lending rate to the lowest point in over three hundred years. More
Spain Suffers 47% Unemployment Increase
Latest unemployment figures show that more than 3 million people are now unemployed in Spain. This is a 12-year high and represents a 47 percent increase from the same time last year. More
Pound Gains on News of Rate Cut
The British pound gained on the euro and the US dollar after the Bank of England announced an interest rate cut of hal a percentage point.
Dell to Move Irish Manufacturing Plant
In another blow to Ireland’s struggling economy, Dell computers is closing its manufacturing plant in Limerick and moving the facility to a new site in Poland. The move will eliminate 1,900 jobs. More
