Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Nepal And The World News In Brief ( 28 October - 3 November)

  2 min 16 sec to read

UK GDP Growth Fastest For 3 Years
UK economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a “fairly strong” performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: “This shows that Britain’s hard work is paying off & the country is on the path to prosperity.”
 
EU Lawmakers Avert Payment Crisis
The European Parliament approved an additional € 2.7 billion ($3.7 billion) injection into the European Union’s 2013 budget on Thursday, thus preventing the bloc from running out of money in the coming weeks. Most EU money flows back into the bloc’s 28 countries, for instance as agricultural subsidies or support for poorer regions. The European Commission, the bloc’s executive, had warned that it would no longer be able to make payments from November if member states did not provide the extra funding. 
 
Global M&A Deal Volume Hits $2.3 tn 
Global merger and acquisition (M&A) deal volume reached $ 2.3 trillion so far this year, registering an increase of 9 per cent from last year levels, Dealogic said in a report. According to the global deal tracking firm, global M&A volume has reached $ 2.30 trillion in 2013 year-to-date, up 9 per cent from the $ 2.10 trillion in the corresponding period last year. 
 
Nobel Economist Klein Dies at 93
Nobel Prize-winning economist Lawrence Klein, whose statistical models have been used to analyse and predict global economic trends, has died aged 93. Mr Klein, who died at his home near Philadelphia on 20th October Sunday, was widely regarded as the founder of modern economic forecasting. He famously predicted America’s post World War II boom, which at the time, countered theories of a new recession. This was achieved through computer-based models known as ‘econometrics’.
 
Australia to Raise Debt Limit by Two-Thirds 
The Australian government has said it plans to raise the country’s debt limit by two-thirds to allay concerns it could face a future fiscal crisis. The newly-elected conservative government is looking to raise the borrowing limit to A$500bn. Australia is forecast to reach its current A$300bn ceiling in December.

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.