Environmentally friendly industries create jobs in China

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/Reuters

China's shift to more environmentally friendly industries might add 10.58 million job places by 2015. However, the country will have to spend more than 5.77 trillion yuan to decrease pollution and use energy more efficiently. The measure will pay off by increase in China's GDP growth by 8.08 trillion yuan by 2015.

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Wed, 16 Nov 2011 14:42:31 GMT

Citigroup may slash 3000 jobs

US bank Citigroup Inc. is expected to reduce around 3000 jobs as CEO Vikram Pandit attempts to cut costs. Among the jobs squeezed, 900 might be from investment and trading operations. The decrease equal to approximately 1% of total Citigroup's staff is not certain and may change. Citigroup Inc. is the third biggest US bank in terms of assets and employees about 267 000

Wed, 16 Nov 2011 16:42:24 GMT

French FM considers economic outlook as stable

Francois Baroin, France's Finance Minister claimed that poor growth and volatile markets would not contaminate nation's stable economic position. FM emphasized that France still has AAA credit rating despite euro area crisis. At the beginning of the month Sarkozy's government approved austerity measures accumulating €7 bn and downgraded France's growth rate for year 2012 from 2.25% to 1%.

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