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Section 12 Different Values 1Weights and measures are different in different countries. 2We call the different systems decimal and imperial. 3Most countries use the decimal system. 4That’s a system
And official figures show economic growth in the 17-nation eurozone has come to a virtual standstill. Eurozone economies grew by just 0.2 of one percent between July and September. Economists are predicting an even worse result in the final quarter.
And China's economic expansion slows slightly during the third quarter of the year. China's economy grew by 9.1 per cent in the three months to the end of September. Now that's down from 9.5 per cent in the previous quarter. The government's measures
The Italian Senate has approved a $68 billion austerity budget. The four-year package aims to balance the budget by 2014. It passed by 161 votes to 135. The package now moves to the Lower House where its expected to be approved tomorrow. Italy is the
And big four banks haven't revealed whether they'll pass on their interest rate cut in full. The official cash rate is now three percent and it's the lowest it has been since the peak of the financial crisis back in 2008. ING Direct was the first to
And the Communications Minister Malcolm Turnbull wants the NBN to continue rolling out fibre while a strategic review is carried out. Our business editor Peter Ryan says his main priority now will be to recruit a new board. Ah, the head hunters would
Let's go to finance now. And well, mortgage holders are welcoming yesterday's interest rate cut. It is unlikely to do much to improve business confidence. Economist Salon Lobster says all the data shows the economy is soft and he reckons the governme
Now let us take a look at this morning's finance news. And industry election by S tugboat engineers will extend to ports in Brisban and Melborne today. The strikes, a part of pay dispute yesterday shut down ports in Sydney, New Castle, and *. Enginee
Thank you, Michael Virginia. Well global markets are proving resilient, but the stock markets from Europe right to the US fell sharply in the immediate aftermath of those attacks in Brussels, as I mentioned they have now recovered. The deadly attacks
Investors are seeing new opportunities to make money on oil. The price of crude oil rose to its highest level in 15 months on Wednesday amid speculation that a weak dollar and cold weather across many parts of the world will boost energy demand. But
BHP has surprised the markets, almost doubling its half-year profit. Net profit for six months to December reached nine billion dollars. That's an 83 percent jump on the previous period. Now it's good news for the company's Chief Executive Andrew Mac
China's industrial output has risen by just more than 8.5 percent in the first two months of the year. Government figures also show retail sales were up by 12 percent on the previous year. Well impressive the results were less than what analysts have
And a recovery in the US housing markets seem to be gathering steam. House prices in November were up 5.5 percent on a year ago. Now that's the fastest rise since the market crash began in 2006. But it's not all good news for the US economy. Separate
Good morning ,everyone,In breaking news this morning,Woolworths Chief Executive Officer and Managing Director Grant O' Brien has announced he'll retire from the company.Mr.O'rien has been CEO since October, 2011 Woolworths announced that the global e
A new property report reveals ninety percent of homes being resold for making a profit according to the figures from CoLogic. Sydney was the best performing capital city with just 2.6 percent of owners making a loss in the September quarter. While in
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There've been more angry protests in Cyprus as that country's banks remain closed. Authorities are still working on measures to restrict withdrawals to stop a feared run on deposits. They also want to control the flow of the money out of the country.
To finance and the International Monetary Fund has timed its projections for global economic growth.It cut for custs 3.3% this year and 4% next year.And the IMF blames a most subdue outlook for the United States and Europe. Emerging market and develo
And a a new house price survey reveals both good and bad news for buyers. Loan repayments are shrinking because of falling interest rates, but the amount needed for a deposit is rising.Financial comparison website, Ratecity, says the average Australi
The International Monetary Fund has slightly lowered its 2015 growth forecast for Australia, and warned the global growth remains moderate. In its latest report the IMF said it expected Australia's economy to grow two point eight percent this year th