Short Run Costs of Production

Short Run Costs of Production Presentation

The growth of the German Economy

Growth of the German Economy

China becomes world's second-biggest economy

China has overtaken Japan to become the world's second-biggest economy.

At the end of 2010, Japan's economy was worth $5.474 trillion while China edged towards $5.8 trillion during the same period.

Analysts believe that based on current growth rates, China will replace the US as the world's biggest economy in about a decade. During 2010, Japan was hit by falling exports and consumer demand while China enjoyed a manufacturing boom.

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Easyjet to trial "revolutionary" paint to cut costs

Easyjet are to experiment with a special type of paint which to date has only been used on US military aircraft. The paint is said to reduce drag when planes are flying and thus cut down on fuel consumption and therefore costs.

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New measures to help exports announced

With new figures showing a widening gap in the UK's trade deficit in goods and services, the Business Secretary Vince Cable has announced new measures to encourage smaller companies to export more.

Mr Cable said the UK had "consumed too much and exported too little" and the four new schemes would be created to help firms get access to credit and insure against risk.

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German exports rose 18.5% in 2010

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Business news....

Due to changes in income tax, 750,000 people will now start paying the higher rate 40% tax rate in April 2011 according to the Institute for Fiscal Studies

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Ed Balls has questioned whether the Governor of the Bank of England, Mervyn King, truly believes that the UK economy is on the right track.

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