February 2015 International Economic Fundamentals
- Thread starter Ally
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Oilman becomes milkman as Norway's best jobs disappear
(Bloomberg) -- When Joergen Langaunet started as a project planner at offshore engineer Aker Solutions ASA in 2012, he worked a lot of overtime. Norway’s oil industry, so rich it spawned the world’s largest sovereign wealth fund, was booming.
Then last year, he realized he was spending most of his time in the lunch room: His services weren’t needed. In September, as crude prices were on their way to the biggest plunge since 2008, Langaunet lost his job. Today he’s a regional manager for Tine SA, Norway’s biggest dairy producer.
Read the full article here.
(Bloomberg) -- When Joergen Langaunet started as a project planner at offshore engineer Aker Solutions ASA in 2012, he worked a lot of overtime. Norway’s oil industry, so rich it spawned the world’s largest sovereign wealth fund, was booming.
Then last year, he realized he was spending most of his time in the lunch room: His services weren’t needed. In September, as crude prices were on their way to the biggest plunge since 2008, Langaunet lost his job. Today he’s a regional manager for Tine SA, Norway’s biggest dairy producer.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Spanish prime minister raises 2015 growth forecast to 2.4% and predicts 500,000 jobs
MADRID - Prime Minister Mariano Rajoy says Spain's economy will grow by a better-than-expected 2.4 per cent in 2015, claiming it as strong evidence that the country has emerged from the severe economic crisis.
Opening the annual state-of-the-nation debate Tuesday, Rajoy said Spain had moved from the edge of the abyss to being the eurozone country with the highest growth and job creation.
Read the full article here.
MADRID - Prime Minister Mariano Rajoy says Spain's economy will grow by a better-than-expected 2.4 per cent in 2015, claiming it as strong evidence that the country has emerged from the severe economic crisis.
Opening the annual state-of-the-nation debate Tuesday, Rajoy said Spain had moved from the edge of the abyss to being the eurozone country with the highest growth and job creation.
Read the full article here.