Japan's economic growth stumbles

Published on Aug 13, 2012 by Euronews

http://www.euronews.com/ Japan's economy expanded by just 0.3 percent in the quarter from April to June compared with the first three months of the year.

That was just half the pace that economists had expected.

Growth from the same period last year was 1.4 percent.

The figures provide fresh evidence of a global slowdown hitting the United States, Europe and even China and economists fear the slowdown for Japan is not over yet.

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Help to other eurozone countries drives Italy deeper into debt

Published on Aug 13, 2012 by Euronews

http://www.euronews.com/ Deeper and deeper - Italy's public debt hit an all-time high in June of almost two trillion euros.
The figures were released by the central bank along with data that showed Rome's annual budget deficit was bigger than a year earlier.
The main reason for that was the additional money Italy is having to pay as its share of bailouts for other eurozone countries.

Italy's borrowing costs remain high.

Interest on its benchmark bonds is still close to six percent despite tough austerity measures introduced by Mario Monti's technocrat government.

The cost of shorter term borrowing is also creeping up.

Spectacular fireworks during the London Olympics 2012 closing ceremony - no comment

Published on Aug 13, 2012 by nocommenttv

http://www.euronews.com/nocomment/ Fireworks lit up the London sky on Sunday night to celebrate the end of the London 2012 Summer Olympics.

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