Recession

Thailand economy escaped a technical recession...epa04359679 A Thai street tailor works next to portraits of King Bhumibol Adulyadej decorated at his stall in Bangkok, Thailand, 19 August 2014. Thailand's gross domestic product (GDP) expanded by 0.4 percent year-on-year growth in the second quarter of 2014 after its shrink 0.5 percent in the first quarter, an unexpectedly upswing drive Thailand economy escaped a technical recession.  EPA/RUNGROJ YONGRIT

Rungroj Yongrit/EPA

A Thai street tailor works next to portraits of King Bhumibol Adulyadej decorated at his stall in Bangkok, Thailand. Thailand’s gross domestic product (GDP) expanded by 0.4 percent year-on-year growth in the second quarter of 2014 after its shrink 0.5 percent in the first quarter, an unexpectedly upswing drive Thailand economy escaped a technical recession. 

Mervyn, now Lord King, also received a £597 silver napkin ring and a £2,505 sculpture of German playwright and scientist Johann von Goethe when he retired on July 1. The £13,000-worth of gifts were all paid for by the Bank of England, which is owned by the country. Three events were also held to mark his departure, which came to more than £10,000. An evening reception on June 26 cost £4,672, while a £3,450 dinner was held the following day. Another dinner was held on June 28 at a cost of £3,800, with the flowers and invitations for the three events coming to £1,501. The information emerged following a freedom of information request from msn.com, with the Bank of England insisting the gift of the silver napkin ring is normal for all departing senior directors. See PA story ECONOMY King. Photo credit should read: Diana Blakeney/Bank of England/PA Wire NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.

Diana Blakeney/PA/Bank of England

On stepping down as governor of the Bank of England, Mervyn King was presented with this portrait of himself by artist Diana Blakeney. In addition to the £10,000 painting Sir Mervyn, now Lord King, received a £597 silver napkin ring and a £2,505 sculpture of German playwright and scientist Johann von Goethe when he retired on July 1. The £13,000-worth of gifts were all paid for by the Bank of England, which is owned by the country. Three events were also held to mark his departure, which came to more than £10,000. The information emerged following a freedom of information request from msn.com, with the Bank of England insisting the gift of the silver napkin ring is normal for all departing senior directors 

Marialena, a homeless AIDS sufferer and former drug addict who is on a methadone rehabilitation program, sleeps under a bridge in central Athens...Marialena, a 42-year-old homeless AIDS sufferer and former drug addict who is on a methadone rehabilitation program, sleeps under a bridge in central Athens May 13, 2013. Since the debt crisis erupted in 2009, hundreds of thousands of Greeks have lost their jobs and the unemployment rate in the country reached 26.8 percent in March, new figures show. According to Praxis, a non-governmental organisation, the number of homeless in Greece has nearly doubled to over 20,000 from 11,000 in 2009. Picture taken May 13, 2013. REUTERS/Yannis Behrakis (GREECE - Tags: SOCIETY POLITICS BUSINESS EMPLOYMENT TPX IMAGES OF THE DAY)    ATTENTION EDITORS: PICTURE 13 OF 41 FOR PACKAGE 'DOWN AND OUT IN ATHENS'. TO FIND ALL IMAGES SEARCH 'UNEMPLOYMENT YANNIS'

Yannis Behrakis/Reuters

Marialena, a 42 year-old homeless AIDS sufferer and former drug addict who is on a methadone rehabilitation programme, sleeps under a bridge in central Athens

People eat take away food as they have a break, in the business district of La DÈfense, Paris, Wednesday, May 15, 2013. France's economy has fallen back into recession, spelling trouble for the region. The national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 per cent in the first quarter of the year. The agency also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3-per cent retraction. (AP Photo/Christophe Ena)

Christophe Ena/AP

People take their break in the business district of La Défense, Paris, on Wednesday. France’s economy has fallen back into recession, spelling trouble for the region. Insee, the national statistics agency, said gross domestic product fell 0.2 per cent in the first quarter of the year. It also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3 per cent retraction.