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Sunday, 31 May 2015

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US economy shrank in first quarter

The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year.The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%. The previous calculation underestimated the rise in the volume of imported goods and overestimated capital investment by companies,

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Sarkozy renames French opposition, 'The Republicans'

More than 80% of UMP members backed the name change on Friday Former French president Nicolas Sarkozy has changed his party's name from Union for a Popular Movement (UMP) to The Republicans.Members of France's main opposition party voted to support the re-branding on Friday, with 83% of members approving the move.

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