During the course of the ongoing 5th BRICS Summit in Durban, South Africa, Loyiso Langeni - Russian firm Rosatom's overseas press secretary in South Africa - said that Rosatom intends promoting its nuclear technology, along with other related products and services, in the country.

The UK economy will likely return to growth in summer this year with the recovery gaining pace next year, business lobby group CBI predicted.

The CBI admitted that the UK economy remained bumpy over the winter, but it would resume growth during the second quarter of current year.

Ian McCafferty, chief economic adviser at the CBI, said, "Business surveys suggest that underlying conditions are starting to improve, and that we should see more momentum in the second half of the year."

Ireland was spared 3.6 billion Euros when errors in the accounts for the year were detected. The Finance Ministry of Dublin said that a change in the relationship between the National Treasury Management Agency and the country's Housing Finance Agency caused some figures to be counted twice.

The error was detected when the ministry was preparing for the budgetary projection. Ireland received an 85 billion euro rescue package last year, and is looking to make 3.6 billion in savings to reduce the budget deficit.

In a recently compiled report to elaborate growth on monthly basis, the National Institute of Economic and Social Research has notified a 0.5% hike in the GDP, during the three months ended in September. The report has indicated slight deviation from the previous figure of 0.4%, reported during the three months ended in August.

"The level of GDP is still 4% below its pre-recession peak, suggesting that this recovery will be the weakest of any since the end of the First World War", stated the report.

The results of Burberry Group Plc have left the market analysts surprised as they accepted the firm of succumbing losses in this year. The Quarterly Financial report of the Company shows that this year's sales have led to a hike of 15% in its revenue.

The Company has announced that in the third quarter of the year, the firm has been able to book a profit of 463 million pounds. It has been informed that the profits of the firm will be utilized over opening ten new stores and few outlets at China, Latin America and Paris.

The prevalent debt crisis of Europe has made the UK entrepreneurs worrisome as their business is not moving forward and is leading them to losses. A survey conducted by British Chambers of Commerce has found that elements like domestic market, exports, business confidence, cash flow and investment in plant and machinery is weak which is adding to the woes of the UK entrepreneur.

Following the unbearable global crunch, robberies have increased by manifold in countries like France and Paris. Recently, the United Kingdom’s top diplomat in the Philippines has expressed their sympathy over the graved issue of rioting.

It has been reported that the rioter are looting anything they come across. In the last couple of days there have been many beating and injuries caused by the intruders or rioters. Families are finding it difficult to survive and the presence of rioters is making it worse for them.

On Friday, the bank of Ireland has raised its interest rates over home-loan, business and credit-card customers. The bank has blamed the falling European economy for its step.

It has been reported that during the global meltdown, all the banks fell flat to face the financial challenge. At that time, Bank of Ireland was the only one which didn’t became a subject of scrutiny. However, since the global crunch the bank is running in losses.

A deal has been struck between the Musgrave Group and Superquinn. Musgrave, Ireland has apparently bought the huge supermarket chain named Superquinn and is of the view that they are going to make huge benefits out of the same.

Recent figures have shown that graduates are more and more interested in going for well-paid jobs as the number of such seekers has trebled in the last three years time.

First stands investment banks where some 232 candidates have applied for each position followed by energy and utilities companies where close to 188 candidates applied for jobs. All the figures were presented by Association of Graduate Recruiters (AGR) that also said that the job market had failed to keep pace with the rate at which universities are producing graduates.