Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

Posts Tagged ‘economic growth’

Retail Employment Dropped in March but Overall Job Gains Point to Economic Growth

Posted by fidest press agency su lunedì, 8 aprile 2019

Retail industry employment in March was down by 11,700 jobs seasonally adjusted from February and down 47,400 jobs unadjusted year-over-year, the Labor Department said today. The retail numbers, which exclude restaurants, came as the nation saw a monthly gain of 196,000 jobs overall.
“Consumer confidence and consumer spending were down earlier in the year, so the retail numbers likely reflect merchants’ hesitancy to add to payrolls under those conditions,” Kleinhenz said. “But it’s important to remember that the economy historically slows down in the first quarter. And there have been record numbers of retail job openings – more openings than retailers can fill – so the tough hiring market is also a factor.”March’s retail job numbers followed a revised loss of 18,500 jobs in February from January. Retail’s three-month moving average as of March showed a decline of 4,400 jobs.March saw month-over-month gains of 2,700 jobs at sporting goods stores, 2,500 at furniture and home furnishing stores and 2,200 at auto parts stores. But those were offset by losses of 7,700 at health and personal care stores, 7,200 at general merchandise stores and 3,000 at clothing and clothing accessory stores.Economy-wide, average hourly earnings in March were up 4 cents over February to $27.70, a year-over-year increase of 3.2 percent that builds on a 10-cent gain seen in February. The Labor Department said unemployment remained at 3.8 percent, unchanged from February. The 196,000-job overall gain in March was nearly 10 times the 20,000-job gain originally reported for February, which was revised today to 33,000.Retail job numbers reported by the Labor Department do not provide an accurate picture of the industry because they count only employees who work in stores while excluding retail workers in other parts of the business such as corporate headquarters, distribution centers, call centers and innovation labs.

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Gender equality boosts economic growth

Posted by fidest press agency su giovedì, 9 marzo 2017

europeIf the EU stepped up its efforts to improve gender equality, more jobs would be created, GDP per capita would increase and society would be able to adjust better to the challenges related to the ageing population. These are the main results of a new study by the European Institute for Gender Equality (EIGE), launched on the occasion of international women’s day on 8 March 2017.
“Equality between women and men is one of the EU’s fundamental values. It is about fairness. Now numbers talk: equality is a driver for economic growth. Gender equality will bring more growth to Europe”, said Vera Jourová, Commissioner for Justice, Consumers and Gender Equality.
“Our study proves that gender equality is good for the economy and it cannot be disregarded if the EU wants to achieve sustainable and inclusive growth. For far too long, gender inequalities have been limiting women’s economic opportunities and we now have proof that gender equality is crucial for the entire economy”, said Virginija Langbakk, EIGE’s director.
The evidence confirms that improvements to gender equality would generate up to 10.5 million additional jobs by 2050 and the EU employment rate would reach almost 80%. EU Gross Domestic Product (GDP) per capita would also be positively affected and could increase up to nearly 10% by 2050.
The level of economic benefits varies considerably across Member States, with some individual countries seeing around a 4% GDP increase and others exceeding 10%. Countries with more room to improve their current level of gender equality have much to gain.
Improved gender equality measures could also help address demographic challenges for the EU, such as the ageing population. Previous research suggests that gender equality is linked to higher fertility rates, which would lead to a larger population and an increase in long-term labour supply. This is important in light of current EU demographic projections, which predict a rise in the number of older people out of the labour force.
The study on the ‘economic benefits of gender equality’ looked at what the economic impacts would be if gender inequalities were reduced in STEM (Science, Technology, Engineering and Mathematics) education, labour market activity and pay. It also considered the demographic changes when these gender gaps are reduced.
No previous study has attempted econometric modelling of such a broad range of macroeconomic benefits of gender equality in the EU.

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Albania: PM considers Energy sector a most important source of economic growth

Posted by fidest press agency su lunedì, 13 aprile 2015

TiranaPrime Minister Edi Rama inaugurated the Albania Oil, Gas & Energy 2015 Summit on 17th-18th March at the Sheraton Tirana Hotel by giving the Welcome Address. HE stated that the energy sector is seen by the Government as one of the most important sources of economic growth of the country.Following his speech, Energy Minister Damian Gjiknuri announced that there are still 13 unexplored onshore and offshore oil blocks in Albania, which the Government aims to offer to private sector investors. He added that the Albanian Government will “ensure a transparent and competitive process to attract serious companies and investors that can afford exploration and production activities.” Albania aims to increase its extraction to two million tons and its domestically refined crude to 700,000 tons this year, the Energy Minister said.International Research Networks, Global Summits Organiser, was the host of this very high-level Summit with the exclusive attendance of His Excellency the Prime Minister of Republic of Albania, Edi Rama; the Minister of Energy and Industry of Albania, Damian Gjiknuri; and the Minister of Economic Development, Trade and Entrepreneurship, Arben Ahmetaj.The Summit attracted more than 200 delegates from international oil, gas and renewables companies, including current and potential operators in the country, as well as Government representatives and bodies. Amongst the companies in attendance were: Aggreko, AKBN, Albpetrol, Alma Petroli, Armo Refinery, Bankers Petroleum, BB Energy, BP, Dana Petroleum, Devoll Hydropower, Eagle LNG, Edison, Eni, Ernst & Young, ExxonMobil, Gas Plus International, Hunt Oil, KUFPEC, Management Force Group, National Oilwell Varco, Noble Energy, OMV, Petrobras, Petromanas, Polyeco, Repsol, San Leon Energy, Shell, Sigal Uniqa Group Austria, Spectrum, Su-Yapi Engineering, Trans-Adriatic Pipeline (TAP), Weatherford, and many more.During the first morning, major operator in Albania and Lead Sponsor of the event, Bankers Petroleum, represented by their General Manager and VP, Loni Cobo, presented on their operations and presence in Albania, stating that they are the firmest supporter of the Ministry’s plans and actions.The highlight of the event, announced by the Prime Minister, was the privatisation of Albpetrol, details of which were presented by Endri Puka, showing the high value and importance of Albpetrol.Another announcement was made by the main E&P consortium in Albania, composed by the event’s Platinum Sponsor, Petromanas, and Gala Dinner Sponsor, Shell. They declared that they will start drilling the third well in the Shpirag area within 2015, after the first two wells have confirmed oil reserves.TAP, Elite Speaking Sponsor, supported the event with a detailed presentation on the ins and outs of the most important pipeline for the region, by showing the roadmap to drive forward with important deadlines and strategic plans.
SOCAR, the Azeri gas giant, was also there to speak about their thoughts on the important Gas Master Plan to be implemented in order to set the grounds of an integrated gas infrastructure and market in Albania. The Summit has also provided the audience with the opportunity to discuss the new key role of Albania for Europe’s energy security.Additionally, a strong outlook on Albania’s developed refining sector, was given by the Summit’s Lunch Break Sponsor, ARMO Refinery’s representative Mr Christophe Darbord.So far, Albania’s energy security has been 100% dependent on hydropower energy, as Devoll illustrated with their presentation, however the Ministry will now take full advantage of Albania’s hydrocarbon production, and gasification of the country through TAP and Eagle LNG. They will diversify their resources.To do so, as the PM, Economy and Energy Ministers discussed, investment is needed, both from national majors as well as from foreign institutes or companies, either already familiar with Albania or new but willing to invest in the immense potential of the country.The two-day Summit also featured key presentations from Polyeco and Ernst & Young. At the same time, the several coffee breaks offered by Weatherford have fostered private business discussions in parallel with the main talks.Official Exhibitor Sponsors of the Summit included Aggreko, Management Force Group, NOV/FluidControl and Sigal Uniqa Group Austria.The event was also supported by the National Agency of Natural Resources of Albania (AKBN), Albania Energy Association, the Foreign Investors Association of Albania, the Albanian Centre for Energy Regulation & Conservation, Cedigaz, the British Chamber of Commerce and Industry in Albania, the German Association of Industry and Trade in Albania (DIHA) and the Albania International Chamber of Commerce. IRN donated a substantial amount of the Summit proceedings to its Charity Partner, Down Syndrome Albania.

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Turkey as an Emerging Force on the European Frontier – Briefing with Frost & Sullivan’s Top Experts

Posted by fidest press agency su mercoledì, 27 marzo 2013

“London, PRNewswire. While most of the developed world is grappling with economic challenges, emerging countries are rising as investment hot spots. The economic growth is slowing down in Western Europe, but some neighbouring countries represent attractive opportunities for development. Turkey, with its strategic location, is a trade, finance and manufacturing hub for several industries like automotive, machinery, etc.; it is an emerging force on the European frontier with an extraordinary growth potential. The status of the Turkish economy and the role of this country globally will be discussed in Frost & Sullivan’s web conference, taking place on Wednesday, 10 April, 2013 at 11 am EDT (4 pm BST). Global President and Managing Partner, Aroop Zutshi, and Turkey Director, Philipp Reuter, will lead a teleconference in which they will present the growth prospects and opportunities in the emerging markets with a special focus on Turkey. Some of the Mega Trends which are imminent for Turkey will also be discussed. Additionally, the conference will look at key growth industries in Turkey, where ease of doing business and government incentives to foreign investment are enabling companies to penetrate and gain market share. Concluding with a section on key investment opportunities, the presentation will be followed by a live question-and-answer session. To join our emerging market experts to understand the growth prospects and opportunities in the emerging markets and in Turkey please e-mail Chiara Carella, at chiara.carella@frost.com, with your full name, company name, telephone number, company website, city, and country, and a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details. The conference is complimentary and open to all companies, organizations and media interested in gaining a macroeconomic perspective into the fundamentals of Turkey, learning about growth opportunities, and understanding the competitive landscape in burgeoning industries.Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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“Rise of South” transforming global power balance, says 2013 Human Development Report

Posted by fidest press agency su venerdì, 15 marzo 2013

Mexico City. The rise of the South is radically reshaping the world of the 21st century, with developing nations driving economic growth, lifting hundreds of millions of people from poverty, and propelling billions more into a new global middle class, says the United Nations Development Programme’s (UNDP) 2013 Human Development Report. “The rise of the South is unprecedented in its speed and scale,” the 2013 Report says. “Never in history have the living conditions and prospects of so many people changed so dramatically and so fast.” This phenomenon goes well beyond the so-called BRICs, middle income countries often represented by Brazil, Russia, India and China, the 2013 Report stresses. The Report shows that more than 40 developing countries have made greater human development gains in recent decades than would have been predicted. These achievements, it says, are largely attributable to sustained investment in education, health care and social programmes, and open engagement with an increasingly interconnected world.

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Securing EU10 Economic Recovery Amid Headwinds

Posted by fidest press agency su giovedì, 17 novembre 2011

The member states of the Medieval Livonia and ...

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WARSAW.The economic recovery of the EU10 countries was well on track in the first half of 2011, but has moderated in the second half of 2011 in response to the deterioration of the external environment, according to the World Bank’s latest EU10 Regular Economic Report, launched today in Warsaw. According to the report, progress has been difficult to achieve in some areas, although the EU10 countries have shown remarkable resilience in others. Strong points in 2011 include solid EU10 growth; fast rebounds in Estonia, Lithuania, and Latvia; and significant reductions in fiscal deficits in most EU10 countries. These achievements are impressive, as they have come in spite of the challenging external environment. Growth of the global economy is now losing momentum and the expansion of the EU15[2] is expected to slow down further in 2012. Since the EU10 is closely tied through production, trade, and finance with the EU15, growth in the EU10 is also projected to weaken, but is set to remain higher than in the EU15.

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Telephone call to Prime Minister Harper of Canada

Posted by fidest press agency su martedì, 31 marzo 2009

The White House. The President spoke with Prime Minister Harper today to discuss economic issues in advance of the G-20 Summit in London.  The leaders discussed opportunities for working together to resolve the global financial crisis and restore economic growth by spurring demand, restoring trade, and creating jobs. The leaders pledged to do all that is necessary to restart growth, and concurrently work to advance regulatory reforms to help ensure no such crisis occurs again.  The President thanked Prime Minister Harper for his leadership in addressing the economic crisis.

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