Economy Live Blog

6 days 16 hours ago - Egypt
One of the main issues in Egypt's upcoming presidential election is the economy. 

Since last year's uprising, there has been a fall in both tourism and foreign investment. 

Al Jazeera's Sherine Tadros travelled to the northern city of Tanta to see how the economic crisis could affect how people vote.
Tags economic crisis, Economy, Egyptian presidential election, Tanta city, tourism
1 week 15 hours ago - Spain
Spain has officially slipped into recession in the first quarter, final figures confirmed, leaving the country threatened with a prolonged slump as the turmoil-wracked eurozone struggles to balance austerity with growth. 

Read the Reuters article here.
Tags austerity, Economy, euro, eurozone, recession
2 weeks 3 days ago - Paris

French stocks have opened down sharply this morning, after Socialist candidate Francois Hollande's presidential election victory, although traders say they are more concerned about turmoil in Greece.

The Paris stock exchange's CAC 40 index opened 1.57 percent down, having already tumbled 1.9 percent on Friday, amid concerns that European voters are hardening in their opposition to deficit-cutting austerity programmes.

[AFP]

Tags CAC 40, Economy, France, France Elections
2 weeks 3 days ago - France

Asian stock markets have plunged this morning, on the back of election wins for left-wing parties in the French presidential and Greek parliamentary elections.

Japan's Nikkei-225 index fell by 2.7 per cent this morning, and Hong Kong's Hang Seng slid 2.4 per cent. Australia's S&P/ASX 200 lost 1.8 per cent and South Korea's Kospi fell by 1.7 per cent in the wake of the news from Europe, which has investors worried that the French and Greek governments will renege on promised budget cuts.  

Financial spreadbetters, meanwhile, are banking on European indices following the Asian markets' lead. Based on current data, futures investors are expecting Frankfurt's DAX to open around 2.3 per cent down, and Paris to fall by 2.1 per cent. 

Tags Economy, France Elections, Greece, markets
2 weeks 4 days ago - Paris

Sarkozy's widespread unpopularity in the run-up to the poll has largely been a result of poor economic prospects for French citizens. 

With unemployment high, and government budget cuts continuing, how the candidates deal with the economy has been central to determining who voters prefer.

Al Jazeera's Jacky Rowland reports from Paris, France.

Tags Economy, France, France Elections, Francois Hollande, Nicolas Sarkozy
3 weeks 20 hours ago - France

Mathieu Laine, director and head of strategy at Altermind, reacts to the part of the Hollande-Sarkozy presidential debate dedicated to the economy in an interview:

"This campaign has set records for demagogy," he told the French economic newspaper Les Echos.

"Our country is suffering from a profound crisis in terms of competitiveness and the state interventionist model is in major crisis."

He criticised the responses from both candidates on potential solutions to solving the public debt issue or stimulating economic growth credible.

"Both of them are intellectually and culturally too interventionist and don't have enough confidence in those of us, who, beyond this quarrelling over statistics and rather childish attacks, have been forgotten in this debate and in the presidential campaign."

Tags Economy, France Elections, France Votes 2012, Francois Hollande, Nicolas Sarkozy
7 weeks 2 days ago - Manama
Prices in the capital city of Manama have risen sharply, partly due to the state of the world economy, but also as a result of the current political instability in Bahrain. 

Experts have said the world financial crisis in 2007 and 2008, the recent European monetary crisis, and the internal political troubles of 2011 have battered the Bahraini economy. 

Banks are seeking mergers in order to survive, and the industrial sector has declined by 26.7 per cent, according to a March 2012 report.

Al Jazeera's Mohammad Vall reports from Manama:
Tags Bahrain, Economy, Global financial crisis, Political instability
12 weeks 6 days ago - Sanaa

Yemen is riding a wave of optimism following the end of former president Ali Abdullah Saleh's decades-long rule.

Abd-Rabbu Mansour Hadi, Saleh's former deputy, has taken over as the country's leader following elections on Tuesday that formally marked the transition of power after months of unrest.

Saleh, 69, had been a longtime US ally, but Washington eventually backed a deal brokered by the Gulf Co-operation
Council to speed his exit, making him the fourth veteran Arab leader unseated by "Arab Spring" uprisings. 

But, as Al Jazeera's Hashem Ahelbarra reports from the capital Sanaa, rebuilding the country could cost billions - and it is money the country does not have.

For more on Yemen, click here.

Tags Abd Rabbu Mansour Hadi, Ali Abdullah Saleh, Economy, Reconstruction, yemen
14 weeks 1 day ago - Egypt
There has been a lot of discussion regarding the political power of Egypt's ruling military, but what about its economic strength?

From factories to restaurants, and electronic goods, the army is running a booming business.

And as Al Jazeera's Sherine Tadros reports from Cairo, some people are calling for a boycott of goods sold by the army.

For more on Egypt, visit our Spotlight page.
Tags boycott, Cairo, Economy, Egyptian military, SCAF
23 weeks 3 days ago - Syria

At least a dozen US-listed companies have been ordered by the United States' Securities and Exchange Commission (SEC) to disclose business activity with Syria, Iran and others deemed to be "state sponsors of terrorism" by the US State Department, the Financial Times reports.

Sony Corp, Caterpillar Inc, American Express, Aecom Technology, Iridex and Veolia Environnement are among the companies that received letters from the SEC's corporate finance division, the report said. 

Their responses show how sales have shrivelled with tighter international sanctions, the FT said. 

Tags Economy, Financial Times, iran, United States

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