UK retains its lead as a destination for inward investment … but only just.

The UK remains Europe’s top destination for foreign direct investment (FDI) but will be overtaken by Germany within two years unless something is done, according to Ernst & Young’s annual UK Attractiveness Survey published today. The report shows that the UK attracted 679 projects in 2011 creating nearly 30,000 jobs. But, the country experienced a decline of 7% in the … Continue reading

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Asia to lead the world economy back into growth

Developing Asia, which excludes Japan, Australia and New Zealand, is set to expand growth by 3.9% in 2009 and 6.4% in 2010, according to the Asian Development Bank (ADB). These growth figures have been raised from the forecast last March of 3.4% and 6.0% respectively.   “Despite worsening conditions in the global economic environment, developing Asia is poised to lead … Continue reading

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Will the rise in the oil price continue?

According to the Organisation of Petroleum Exporting Countries (OPEC) the answer is “yes”.  After prices fell last year from $150 a barrel to $30 a barrel, there has been a recovery. Yesterday, oil prices rose above $65 a barrel and the secretary-general of OPEC said that “We are beginning to see light at the end of the tunnel.” The organisation … Continue reading

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