OECD better life index
A survey has suggested that countries worst hit by the global financial crisis saw their happiness levels fall as a result.
The Organization for Economic Co-operation and Development (OECD) said the findings showed the far-reaching impact of the crisis.
Shares in struggling smartphone maker Blackberry have fallen 16% after it announced it had abandoned a plan to sell itself to its biggest shareholder, Fairfax Financial Holdings.
Thorsten Heins, chief executive, will step down and John Chen, former chief executive at Sybase, will serve as interim chief executive.
GM headquarters in Detroit
Car giant General Motors has reported better-than-expected quarterly results, helped by strong trading in North America and a reduced loss in Europe.
General Motors said net income for the third quarter was $757m, down from $1.5bn a year earlier.
China‘s manufacturing activity grew at its fastest pace in 18 months in October, adding to signs of a recovery in the world’s second-largest economy.
The official Purchasing Managers’ Index (PMI), a gauge of the sector’s health, rose to 51.4 from 51.1 in September.
Andreu Mas-Colell, Finance Minister of Catalonia
According to data released by the Catalan Institute of Statistics (Idescat), Catalonia’s economy grew by 0.1% between July and September.
For the first time in 9 quarters, the Catalan economy is growing again, leaving behind the technical recession.
Grapes for wine
A report has warned that the world is facing a wine shortage, with global consumer demand already significantly outstripping supply.
Last year, production also dropped to its lowest levels in more than four decades.
Raghuram Rajan, chief at India’s central bank
India‘s new central bank governor has raised interest rates for the second consecutive month by a quarter of one percent to 7.75% to try to fight inflation.
India’s inflation hit a seven-month-high annual rate of 6.46% in September.
David Cameron, Prime Minister of the United Kingdom, has announced that the United Kingdom will become the first non-Muslim country to issue an Islamic bond.
He also announced at the World Islamic Economic Forum (WIEF) in London plans for a new Islamic index on the London Stock Exchange.