Sunday, 8 January 2012

24 hours of economics in 240 words! An economic snapshot number 17

For January 7th
0:09 a.m.  Road closures in Shandwick Place are due to happen on the 14th when the Edinburgh tram project is set to resume. The project was suspended during the festive season.
0:51 a.m.  Hong Kong Airlines have purchased $3.8billion worth of Airbus A380, at list prices, a relief for the European plane manufacturer as disagreements between China and the EU, over the carbon emissions tax, threatened to derail negotiations.
3:20 a.m.  Teaching unions have decided to reject the new pension plan changes, wihc aims to introduce less generous schemes from 2015.
Edd Miliband has come out today, both
defending his Labour strategy and offering up
his solution to high salaries!
10:59 a.m. Edd Miliband has defended his party leadership, claiming to have a “clear plan” for the Labour party, despite following comments by Lord Glasam that the party had “no strategy”
1:50 p.m.  The Labour party has called for more “responsible and better” capitalism, in order to tackle excessive executive pay, with the shadow business secretary saying it was the key to addressing high salaries.
2:40 p.m.  The sending of postcard invitations to foreigners for the Olympic games is being encouraged, with Jeremy Hunt saying that it was time to “bang the drum for British interest”
4:03 p.m.  Hawkin’s Bazaar has had to close another 14 shops, loosing 123 of it’s 380 staff employed across the firm’s 65 stores.
4:50 p.m.  Unilever workers are to strike for up to 12 days, from January 17th.
10:27 p.m. Edinburgh’s bike co-operative is set to create 140 jobs, with plans to boost turnover by £20million!

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