Approximately 13,000 British holidaymakers are stranded abroad after budget travel firm Kiss Flights has collapsed. The firm, which operated flights to Greece, Egypt, Turkey and the Canary Islands, is the latest in a long line of travel firms that have recently gone bust. The collapse has meant the travel plans of 60,000 Britons are ruined [...]
It appears the airline industry is recovering after a devastating time during the recession, which saw a slump in air travel. According to the airline industry body, International Air Transport Association (IATA), the number of passengers purchasing premium airline tickets grew again in June with demand for premium tickets up 16.6% on year. This compares [...]
Official figures out tomorrow are expected to reveal growth in the world’s number two economy slowed in the April to June period. Japan fell into a severe recession following the global financial crisis but was one of the first major economies to emerge from recession – in the second quarter of 2009 – boosted by [...]
Greece’s statistics agency, Elstat, has today revealed the economy contracted by a further 1.5% in the April to June quarter – suggesting the country’s recession is far worse than originally anticipated. The fall follows the 0.8% decline in growth in the first quarter and the news adds to Greece’s troubles as the country battles to [...]
Figures today revealed Australia’s unemployment rate rose unexpectedly to 5.3% in July from 5.1% in June. According to the Australian Bureau of Statistics, 24,600 more people were out of work surprising analysts who had expected no change. However, experts said the surprise rise may partly be due to revised population figures, which showed there were [...]
Germany’s federal statistics office has today reported exports grew 3.8% in June compared with May. On an annual basis, exports were 29% higher and has fuelled hopes that the euro zone’s largest economy grew faster in the second quarter of the year. Meanwhile, imports also rose in June, by 1.9% compared with the previous month. [...]