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Global Media Market to Hit $5.7 Trillion in 2024

added: 14-07-2008

The global media and entertainment market will reach $5.7 trillion, from its current size of $1.7 trillion, according to media futurists Future Exploration Network in their Future of Media Report 2008. This is almost four times its current size, in sixteen years.

Asian Economic Integration is Good for US and Global Economy

added: 12-07-2008

Increasing integration among Asian economies offers a new platform to promote growth, strengthen trade links, and reduce poverty. This is good not only for Asia, but also for the US and the rest of the world, according to a new Asian Development Bank (ADB) study.

Capital Availability is Vital to Global Gaming Sector Growth in 2008

added: 11-07-2008

A repeat of last year's growth in the global gaming sector hinges on affordable sources of capital resurfacing soon for the industry's mega-projects, according to Ernst & Young's report Reviewing the market: The 2008 Global Gaming Bulletin.

US Slumps While UK Economy Worsens

added: 10-07-2008

The US stockmarket has thumped decisively into the arms of the bear. Trading overnight saw the Standard & Poor's 500 shake off its reticence and join the Dow in the bear's cavern.

Broadband Telephony Market Will Nearly Double Between 2007 and 2013

added: 08-07-2008

JupiterResearch projects that the broadband telephony market will nearly double in size from 14.7 million subscribers in 2007 to 28.4 million lines in 2013. Cable operators will see most of this increase, with their VoIP subscriber base nearly doubling during the forecast period, while growth for over-the-top VoIP providers will stagnate. The emergence of new service offerings, such as those from AT&T and Skype, will continue to generate buzz within the market.

Fitch: UK Economy Highly Exposed to Global Credit Crunch

added: 07-07-2008

Fitch Ratings, in its latest quarterly Global Economic Outlook (GEO) Special Report, released today, said the UK economy was among the most exposed of the advanced industrialised economies to the impact of the global credit crunch and a likely US recession.

Oil Up, ECB Rates UP

added: 04-07-2008

As expected the European Central Bank lifted rates 0.25% to 4.25% as oil soared above $US146 a barrel in Europe. And in the US the jobs market worsened: 62,000 jobs were lost last month, the unemployment rate remained at 5.5% and a further 55,000 jobs were lost in revisions of figures for previous months.

Interest Rates Rose in Europe

added: 04-07-2008

Inflation is a worry, no matter the type of economy. Oil prices are rising and acting like a demand eater, just as rising interest rates have been doing here. Oil surged over $US146 a barrel, then eased, stocks swooned, interest rates rose in Europe.

With Transition Behind, Former East Bloc Countries Need To ‘Innovate, Include, And Integrate’ For Growth

added: 03-07-2008

Countries of Eastern Europe and the former Soviet Union have put the crisis of the 1990s behind them, but they need to innovate, include all their citizens in the development of their countries, and integrate with the broader global economy if they want to sustain growth, says a new World Bank report.

G8 Must Act Now as 'World Entering a Danger Zone,' Zoellick Says

added: 03-07-2008

World Bank Group President Robert B. Zoellick has called on leaders of the G8 as well as the major oil producers to act now to deal with surging food and energy prices, warning that the world is now “entering a danger zone.”

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