Prices fall and unemployment rises in Europe

Unemployment in the Euro zone hit a 10-year high at 9.4 per cent in June Share

Lamborghini sales drop 37 per cent as crisis worsens

The Italian supercarmaker Lamborghini has reported that worldwide sales dropped a whopping 37 per cent Share

Swine flu to push UK economy “over the edge”

Just as everyone begins to talk of recovery and hope Share

Burberry says 1Q revenue down 4 per cent

Burberry Group Plc, the UK luxury goods company, announced that first quarter revenue dropped Share

US Mortgage Fraud Cases Soar Dramatically

As property owners who are desperate to solve their mortgage problems Share

Global tourism industry collapses: UN World Tourism Agency

The United Nations World Tourism Organization recently revealed, that international tourism fell by eight per cent in the first quarter of 2009. Share

World recession easing, sluggish recovery in sight, says IMF

The world is starting to pull out of its first recession since World War II, said the International Monetary Fund in its latest report released Wednesday. According to the latest report, the global economy was already stabilizing, the financial crisis...

The Financial Crisis Today, A “Recovery”? Far from it!

While the mainstream media outlets continuously bring up the talk of “recovery” Share

Turkish economy collapsing, GDP contracts 13.8 per cent

The Turkish Statistics Institute (TUIK) announced last week that Turkey’s economy contracted Share

Southwest Airlines traffic drop, less empty seats

Southwest Airlines announced Tuesday a 2.1 per cent drop in air traffic Share