U.K. might face a triple-dip recession

Source: Bloomberg
George Osborne, Chancellor of the Exchequer, was called for the U.K.'s austerity strategy reconsideration by businesses and political opponenents, as economists predict possible "triple-dip" recession, stating that deepening Euro bloc's debt crisis and probable Greek exit from Eurozone might push the U.K. into recession again next year. 
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Mon, 30 Jul 2012 06:46:48 GMT

Oil lifits amid stimulus expectations

Oil futures climbed to the week high in New York upon belief that U.S. and European authorities will boost economic growth and worries about Middle East unrest spreading and slowing down the supply. On Monday, September delivery oil rose 0.9% to $90.95 per barrel, overall advancing to the first monthly increase in three months.

Mon, 30 Jul 2012 07:09:48 GMT

A. Merkel and M. Monti will do everything to save Eurozone

German Chancellor Angela Merkel and Italian Prime Minister Mario Monti assured that both countries will do whatever is necessary to protect Eurozone. After a phone conversation, leaders agreed that conclusions made at the EU's summit last month have to be implemented "as quickly as possible".   

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