Headlines
The ultimate – The UN hops onto the New Multilateralism bandwagon
Raúl de Sagastizabal International Consultant, Montevideo: The international financial agencies reform bids have now been supplemented by an United Nations overhauling initiative. Additional resources, tougher powers for the Organization, are the scheme’s mainstay. [Read... [Read more...]
Business
More businesses for sale than ever
As the global crisis affects countries around the world, more and more business owners are throwing in the towel and turning to selling their business. A spokesperson for 123BusinessesForSale.com, a business for sale internet portal says: “Many business owners are finding... [Read more...]
Politics
The ultimate – The UN hops onto the New Multilateralism bandwagon
Raúl de Sagastizabal International Consultant, Montevideo: The international financial agencies reform bids have now been supplemented by an United Nations overhauling initiative. Additional resources, tougher powers for the Organization, are the scheme’s mainstay. [Read... [Read more...]
Real Estate
Dubai hit hard by financial crisis
Once the epicentre of global boom with skyscrapers rising into the sky like mushrooms, today Dubai resembles a hungover partygoer. Retail stores displaying “80% off” discount signs in their stores and talk on the street about companies repatriating foreign workers... [Read more...]
Technology
Global semiconductor sales drop 30 per cent
Global chip sales dropped around 30 per cent on the year in March [Read more...] Read More →
Travel
Global Aviation Heading For $9 Billion Loss
The global aviation industry is heading for a gigantic $9 billion in 2009 [Read more...] Read More →
USA
US jobless rate soars to 9.5 per cent, 26-year high
467,000 people lost their job in June according to the latest figures released Thursday [Read more...]
Madoff sentenced to 150-year prison term
Bernard Madoff, who defrauded investors out of billions of dollars [Read more...]
MySpace to slash 300 international jobs
The social networking site MySpace has plans to lay off 300 [Read more...]
Europe
OECD foresees “a slow and fragile recovery”
The OECD (Organization for Economic Co-operation and Development) predicts [Read more...]
SkyEurope files for creditor protection
The Bratislava-based lowcost airline SkyEurope has successfuly filed for [Read more...]
French budget deficit to top 7 per cent
France’s government budget deficit is expected to soar to between 7% and 7.5% [Read more...]
Asia
Japan hits 5 per cent unemployment rate
Japan’s unemployment rate has hit a 5-year high, as the recession continues to pressure the economy [Read more...]
Sharp posts first loss: sales collapse
The Japanese electronics manufacturer Sharp Corp. posted its first [Read more...]
Former U.S. presidential economic adviser: worst of financial crisis is over
In an exclusive interview with Xinhua at the Boao Forum for Asia (BFA) [Read more...]
Russia
1Q 2009 Russian GDP collapses 23.2% quarter-on-quarter
The Russian economy has taken a further beating in the first quarter of 2009 [Read more...]
BBC Poll: Russians worried by global crisis
A third of Russians polled by the BBC are concerned by falling living standards and financial problems [Read more...]
Putin: Ukraine on verge of bankruptcy
Russian Prime Minister Vladimir Putin said Ukraine was on the verge of bankruptcy on Thursday [Read more...]
South America
Nicaragua hit hard by economic crisis
Nicaragua has been hit hard by the global economic crisis. 30 per cent of its exports come [Read more...]
Anglo American to slash 9,000 jobs
Anglo American (NASDAQ:AAUK), the mining giant will cut a further 9,000 jobs throughout it’s worldwide operations [Read more...]
Africa
Anglo American to slash 9,000 jobs
Anglo American (NASDAQ:AAUK), the mining giant will cut a further 9,000 jobs throughout it’s worldwide operations [Read more...]
South Africa’s economy switching to reverse gear
As the global economic crisis spreads around the world, South Africa is feeling the effects. [Read more...]
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