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Shell profits soar 54% to $28.6bn

By Alex Jones Royal Dutch Shell have announced profits of $28.6bn (£18bn) for 2011, an increase of 54% on last year. This amounts to an astonishing £2m made in profit every hour. Their success in 2011 came as oil prices rocketed once more despite poor margins in the Anglo-Dutch companies refining business where production fell by over 3%. […]

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Facebook prepares to float on NYSE

By Dave Burridge In the coming few days Facebook is expected to float on the New York Stock Exchange (NYSE). It is expected to raise around $5billion. Whilst more has been raised by other companies in the past, this is still one of the biggest flotations in history. Mark Zuckerburg currently has over 50% voting […]

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Spanish unemployment rises to 22.8% with youth unemployment at 51%

By Simon Farnsworth Over five million people are now unemployed in Spain, according to figures released by the National Statistics Institute today. The unemployment rate rose to 22.8% in the fourth quarter of 2011- a 17 year high. Spain’s economy has been in free-fall since the property market collapsed in 2008. Now, Spain has the highest unemployment rate […]

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UK economy shrinks 0.2%

By David Burridge It has been announced that the UK economy shrank 0.2% in the fourth quarter of 2011. In the same way that last year ended with a negative outlook so it seems this one begins. It should however be remembered that a recession is two consecutive quarters of negative growth in output so that is […]

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5 minute factfile on Brazil

In a series of articles Josh Wells looks in to the socio-political construction of one of the world’s newest super powers, Brazil.   Brazil. It’s a giant. And this giant is awakening and is quickly becoming one of the world’s biggest super powers. The samba nation recently over took the UK in CEBR’s economic league table  and now […]

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Ultimate review of 2011: December

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith     Cameron vetoes changes to EU treaty David Cameron took the bold move to veto the proposed treaty changes to the current EU system. The full consequences both in Europe and the UK are yet to be felt. Cameron’s decision created a lot […]

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Ultimate review of 2011: November

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith   Politics and the economy The Greek PM threatened to put forward the idea of a referendum to the Greek people over an EU bailout. Much turbulence was experienced during this month with the Greek and Italian PM’s resigning from office. Debt fears continued […]

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Doubling of oil prices overnight sees general strike and protests rock Nigeria

By Naila Missous Hundreds of thousands have demonstrated throughout Nigeria over the past three days in an escalating general strike against the government of President Goodluck Jonathan. The strike is in opposition to the lifting of fuel subsidies declared on January 1, leading to the doubling of petrol prices overnight. Protests began immediately, with a […]

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Ultimate review of 2011: October

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith     Libya October 20 was one of the most important and momentous days in Libyan and Arab history: former Libyan leader Muammar Gaddafi was killed in Sirte. Graphic photos and videos of Gaddafi circulated in the worlds media. The dictator’s death still leaves […]

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Ultimate review of 2011: September

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith   EconomyItaly’s bond rate began to rise as investors spotted the next country to have problems with high debt levels.The difference was Italy really mattered and a bankrupt Italy threatened the existence of the Eurozone. Markets worried further over Greek debt as some economists […]

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