Business and Finance

This area provides up-to-date and interesting developments from the world of business, economics and finance.

A wealth of information is available on topics ranging from stock markets, consumer climate, labor market policies, bond markets, foreign trade and interest rate trends to stock exchange news and economic forecasts.

Public-private partnerships may not always be the best solution

Recently, there has been a massive growth, in many countries, in public-private partnerships for the provision of public service infrastructure, such as, roads and health care facilities. Research funded by the Economic and Social Research Council confirms the potential benefits of partnerships, but also identifies circumstances under which more traditional forms of procurement are preferable.

The project, conducted by Professor John Bennett and Professor Elisabetta Iossa, Brunel B

Jobs and the employment market: the first statistical data available for seven African capitals

In most countries of Sub-Saharan Africa, few reliable data are available relating to employment, unemployment and the conditions in which occupations are practised. This is in spite of the fact that societies base their economies on work and that reduction of poverty remains the main objective of economic policies. The existing information in any case results from different concepts and methods of analysis peculiar to each national statistics institute, which prevents comparison at the scale

Vestas receives order for 67 units of V80-1.8 MW wind turbines for Texas, USA

The Vestas Group has received an order to supply and commission 67 units of V80-1.8 MW wind turbines for a 120 MW wind power project near Abilene, Texas from Buffalo Gap Wind Farm LLC, a project company developed by SeaWest Holdings, Inc. The wind power plant will be commissioned by 31 December 2005. The parties have entered into a turbine supply agreement and a warranty, maintenance and service agreement. Recently, AES Corporation, a major international power company headquartered

According To CEPR Study US External Adjustment Is Easier Than You Think

Understanding the dynamic process of adjustment of a country’s external balance is one of the most important questions for international economists. The recent wave of financial globalization has led to a sharp increase in cross-holdings of foreign assets and liabilities. The upsurge in cross-border holdings has therefore opened the door to potentially large wealth transfers across countries. In CEPR Discussion Paper No. 4923, Pierre-Olivier Gourinchas and Hélène Rey argue that to fully explain t

Clearstream begins 2005 with further growth

Clearstream began 2005 with growth in its core businesses and new business streams continuing progress made in 2004. The value of assets held in custody on behalf of customers rose to approximately EUR 7.7 trillion, a rise of 2.5 percent from the same month last year. The number of international transactions processed by Clearstream stood at 1.5 million for January 2005 compared to 1.7 million for the same month last year. Of these transactions, 15 percent are registered as stock exchange transactio

New surgical procedure could save millions

A new procedure that could save millions of dollars annually in medical costs – and result in much better patient outcomes and satisfaction – was performed for the first time in the world this week at Wake Forest University Baptist Medical Center.

The procedure removed growths from the airway of a patient using new technology that allows the surgery to be done in the doctor’s office with the patient completely awake, and the patient to go home immediately afterward. In the

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