Unemployment has touched the turf of Austria and hints of a great increase in the same. So, the weak economic system has hampered the employment opportunities to the youth of the country.

This year, the rate of increase in unemployment is nine percent. No doubt, Austria and Europe's economy has been fragile recently, resulting in drastic increase in unemployment in these areas.

National Savings & Investments have urged to Premium Bond holders to check their numbers again as more than 898,000 winners have yet not claimed prizes worth £44 million.

A new report has revealed lowest levels of people saving enough for retirement in at least nine years. The report suggested that more than half of workers will not be able to lead a quality life because they are not saving enough money required to attain that.

A new report has showed that the tax burden has increased 65% on Britain's largest retailers since 2005. Retailers are facing problems because of the shift in business taxes towards indirect taxes and business rates.

Moreover, those in Hundred Groups have a total tax rate of 59% in comparison to an average of 39% across all industries in the group.

Revealed on Friday, the data by Bank of England has shown that as much as £3bn fall has occurred in the loans and overdrafts lent to the British companies.

The data has raised concerns over the Bank's Funding for Lending Scheme (FLS). Also, it emerged that the British companies were struggling since December last year in wake of the fall in lending and hike in the borrowing costs.

The winning streak for FTSE 100 continues even after coming across the heaviest slump for a day less than a week and a half ago. Shares have climbed by 2.4pc, or 152.97 points. This is the longest winning stand for FTSE 100.

The markets were supported by positive news flow and also by good news from United States. U. S. consumer sentiment peaked in May to the highest level since July 2007.

Nationalised Austrian lender Hypo Alpe Adria announced on Friday to sell its domestic business to a British investor. According to a government source, the deal was announced when Austria was sending the Commission a revised plan for reorganizing Hypo. The source declined to give any more details.

It seems that 2012 has been for the wealthy people of Austria. There has been a good amount of increase in the number of millionaires. Overall in German-speaking region, there has been a rise of 1.13 million people in 2012.