| Millions falling into poverty in Italy | | Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years. | | Halal food production on rise in the Balkans | | Trying to fight back against the persistent economic crisis in the Balkans, food producers here have turned towards halal food, targeting rising demand from markets in Western and Muslim countries. | | China industrial production up 9.3% in April | | Industrial output in China rose 9.3 percent in April, the National Bureau of Statistics (NBS) said Monday, accelerating from March but below market expectations, underscoring sluggish growth momentum. | | India’s April car sales dive more than 10% | | Car sales in India fell by over 10 percent in April, industry data showed Friday, as the country’s once red-hot car market reels from high ownership costs, costly fuel and an economic downturn. | | India March industrial output jumps surprise 2.5% | | India’s industrial output accelerated by a surprise 2.5 percent in March from a year ago, official figures showed Friday, raising hopes that the country’s sharp economic slowdown may have bottomed out. | | Rio Tinto chief warns of more job cuts | | Rio Tinto chief Sam Walsh on Sunday warned of more job cuts as the mining giant works to make $5 billion in savings by the end of 2014, but he was upbeat about demand for iron ore from China. | | US unemployment rate at 4-year low of 7.5 pc | | The US economy showed in April that it’s healthier than many had feared, driving the unemployment rate down to a four-year low of 7.5 percent and adding a solid 165,000 jobs. Wall Street jumped in response. | |
