Prime minister had praised ill-fated Advantage WM and other Midlands award winners as examples of ‘big society’ in action A quango that David Cameron praised as one of the organisations that will “bring the wealth, the jobs and the opportunity our country needs so badly” is being scrapped with the loss of more than 300 [...]

Friday’s unemployment report for January showed weak gains in service sector jobs, such as those in restaurants and nursing homes. Manufacturing was strong, however, but will those gains will help minorities, who were especially hard-hit by the Great Recession? View full post on All Stories

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Global growth will slow for developed nations in 2011 while developing nations with emerging markets will experience faster growth and account for half of all global economic growth, Word Bank officials say. The 187-nation institution World Bank outlined its expectations for global growth [...]

The benefit of the base rate has evaporated for India Inc. Instead, costs have begun to pinch as the government battles scams in and outside Parliament, putting a plug on expenditure and making money scarce in the market. The base rates were expected to shave off borrowing costs for companies from the banking sector, besides [...]

Agriculture in India has a long history and is one of the strongholds of the economy. The sector provides employment to over 55% of the Indian workforce and accounts for 14.6% of India’s GDP, playing a crucial role in the overall socio-economic development of the country. View full post on All Stories

Bank Mandiri says it has disbursed Rp 30.2 trillion (US$3.35 billion) in palm oil sector loans in the first nine months of 2010, up 35 percent from the same period last year. View full post on All Stories

India is trying to expedite capacity addition in the power sector to meet the electricity demand of a fast-growing economy. View full post on All Stories

The Central Bureau of Investigation (CBI) on Thursday served notices on 17 companies that had allegedly received loans from Indian public sector banks and financial institutions, a day after it arrested senior officials for sanctioning loans in return for bribes. View full post on All Stories

By Ben Agande & Inalegwu Shaibu ABUJA-The Senate Wednesday failed to approve the request by President Goodluck Jonathan to borrow $3.702 billion to develop the power sector, following observa… View full post on All Stories

It is 1995 and the financial sector meltdown is taking root. Banks are folding, unemployment is ballooning, inflation is spiking. Government is unable to honour its wage contracts with the public sector. View full post on All Stories

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The Obama Administration is preparing to promote exports with “Made in America” brand from manufacturing sector during the upcoming presidential trip to Asia, officials told journalists on Monday. During his trip to Asia later this week, President Barack Obama would concentrate on opening [...]