Aug 25
Wednesday
Migrants stepping into UK skills gap
A poll by the Chartered Institute of Personnel and Development and accountants at KPMG indicates that demand for migrant employees is surging because of a lack of skills among British workers. Almost half of the 600 employers questioned reported that vacancies were hard to fill, with 21 per cent saying they were recruiting migrant workers for engineering vacancies, and 18 per cent for both IT and accountancy and finance positions. Up to one in 10 companies plans to hire people from overseas in the next 12 months.
The findings come as the Government plans to cap migration, with the authors of today’s report urging a gradual introduction of the measure.
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Pakistan spot-betting scandal throws cricket into crisis
no responses - Posted 08.30.10
Scotland Yard detectives have confiscated the mobile phones of three of the Pakistan cricket team's leading players as part of an investigation into one of the biggest betting scandals in the sport's history that is threatening to engulf the game. The cricketers, captain Salman Butt and bowlers Mohammad Amir and Mohammad Asif, were questioned along with wicket keeper Kamran Akmal by ... continue -
Deloitte to be world’s biggest accountant
no responses - Posted 08.28.10
In Deloitte's UK annual results, the firm shrugged off the worst global recession since the 1930s to deliver profits just 15pc shy of 2008's record high on revenues that fell only 5pc short of 2008. The 672 partners will take home an average of £873,000 each on revenues of £1.9bn for the year ending 31 May 2010. John Connolly, Deloitte's global ... continue -
Pakistan recovery ‘to take years’
no responses - Posted 08.26.10
Pakistan will need at least three years to recover from the devastating floods that have swept across the country for more than three weeks, the country's president has said. Asif Ali Zardari warned that the displacement and economic hardship caused by the floods could spark widespread unrest. He also defended his government's response, saying no country would have been able to effectively ... continue -
June 2010 session ACCA Qualification pass rates
no responses - Posted 08.25.10
Results from the latest ACCA exams show that more than 6,000 trainees from around the world successfully completed their final papers to become affiliates and move closer to their goals of achieving ACCA membership. June 2010 session ACCA Qualification pass rates: Paper F1, Accountant in Business, 64%* Paper F2, Management Accounting, 54%* Paper F3, Financial Accounting, 60%* Paper F4, Corporate and Business Law, 51% Paper F5, ... continue -
Islamic finance mulls global sharia adviser platform
no responses - Posted 08.25.10
A global authority may be set up to oversee Islamic finance sharia advisers, a religious scholar said, amid calls to address the fragmented regulation which threatens to slow the industry's growth. The role of sharia scholars has been a growing point of debate as the $1 trillion industry's rapid rise raises issues such as the shortage of advisers, conflicts of interest ... continue -
Migrants stepping into UK skills gap
no responses - Posted 08.25.10
Companies are finding it increasingly difficult to recruit home-grown talent, with any improvement in the economy unlikely to filter through to the jobs market, research out today suggests. A poll by the Chartered Institute of Personnel and Development and accountants at KPMG indicates that demand for migrant employees is surging because of a lack of skills among British workers. Almost half ... continue -
Business Reporting Beyond the Crisis
no responses - Posted 08.25.10
Business Reporting Beyond the Crisis: How to Make Sure That We Don’t Tumble Into Another Black Hole “My general conclusion is that everyone is guilty,” says Jules Muis—former Ernst & Young partner, controller of the Word Bank, and director-general audit of the European Commission—about the financial crisis. The whole implosion is based on negligence by senior management of banks and other financial ... continue
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All entries filed under Economy & Trade
China overtakes Japan as world’s second-largest economy
no responses - Posted 08.17.10
Japan lost its place as the world's second-largest economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery. Gross domestic product grew at an annualised rate of just 0.4%, the Japanese government said today, far below the annualised 4.4% expansion in the first ...continue
no responses - Posted 08.17.10
Japan lost its place as the world's second-largest economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery. Gross domestic product grew at an annualised rate of just 0.4%, the Japanese government said today, far below the annualised 4.4% expansion in the first ...continue
Japan Seeking U.S. Wheat, Corn for Feed Use After Russian Exports Banned
no responses - Posted 08.06.10
Japan, Asia’s second-largest wheat buyer, is seeking U.S. supplies for livestock feed after Russia halted exports because of the worst drought in at least 50 years. The country buys Russian wheat and barley for feed makers, and imports milling wheat for bread and cookies exclusively from the U.S., Canada and Australia, ...continue
no responses - Posted 08.06.10
Japan, Asia’s second-largest wheat buyer, is seeking U.S. supplies for livestock feed after Russia halted exports because of the worst drought in at least 50 years. The country buys Russian wheat and barley for feed makers, and imports milling wheat for bread and cookies exclusively from the U.S., Canada and Australia, ...continue
How to rescue a moral-hazard economy
1 response - Posted 07.28.10
The United States promised to provide $500 million of funding for several “highly visible” projects in Pakistan. This was to be part of the $1.5 billion allocated to Pakistan in legislation signed by President ?Barack Obama last year. The day before Clinton arrived in Islamabad, the Friends of Democratic Pakistan met ...continue
1 response - Posted 07.28.10
The United States promised to provide $500 million of funding for several “highly visible” projects in Pakistan. This was to be part of the $1.5 billion allocated to Pakistan in legislation signed by President ?Barack Obama last year. The day before Clinton arrived in Islamabad, the Friends of Democratic Pakistan met ...continue
China at risk of bad loans, warns IMF
no responses - Posted 07.28.10
In a statement about its first public review of the Chinese economy for three years, the IMF praised China's adroit handling of the financial crisis. It said growth continued to be robust, at an estimated 10.5pc this year, and that inflation is benign. However, the agency warned that China now faces ...continue
no responses - Posted 07.28.10
In a statement about its first public review of the Chinese economy for three years, the IMF praised China's adroit handling of the financial crisis. It said growth continued to be robust, at an estimated 10.5pc this year, and that inflation is benign. However, the agency warned that China now faces ...continue
Chinese rating agency strips Western nations of AAA status
no responses - Posted 07.21.10
Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight to "wealth creating capacity" and foreign reserves than Fitch, Standard & Poor's, or Moody's. The US falls to AA, while Britain and France slither down ...continue
no responses - Posted 07.21.10
Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight to "wealth creating capacity" and foreign reserves than Fitch, Standard & Poor's, or Moody's. The US falls to AA, while Britain and France slither down ...continue
UK recession even deeper than first thought
no responses - Posted 07.13.10
Six successive quarters of negative economic growth from spring 2008 until autumn 2009 were the toughest for the economy since the Great Depression of the 1930s. The deepest recession in Britain's post-war history was even more severe than previously feared, the government said today. Fresh information collected by the Office for National ...continue
no responses - Posted 07.13.10
Six successive quarters of negative economic growth from spring 2008 until autumn 2009 were the toughest for the economy since the Great Depression of the 1930s. The deepest recession in Britain's post-war history was even more severe than previously feared, the government said today. Fresh information collected by the Office for National ...continue
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