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Over 1 billion people going hungry: UN agency
World hunger is expected to reach a record high in 2009 of 1,020 million people going hungry every day, according to the UN’s Food and Agriculture Organization (FAO). The UN agency defines hunger as the consumption of less than 1,800 calories per...
World Bank sees even worse global decline
The World Bank says the global economy will decline by much more Share
Financial Crisis Could Push More Girls Into Child Labour: UN
The financial crisis threatens to push more children – especially girls – into child labour, the United Nations International Labour Organization (ILO) said in a new report. Share
Global financial crisis: How New will the New Multilateralism be?
It is safe to assume that many common people of yore might have believed – with typical end-of-tragedy romanticism, that postwar multilateral institutions heralded the advent of an era of understanding among the human beings, and were the touchstone...
Swine flu worsens already dire global economic crisis
Many officials fear that the outbreak could be on the verge of a global pandemic Share
Oil prices fall below $49
Oil prices fall below $49 on Monday as fears of a global flu pandemic Share
World Bank: 50 million forced into extreme poverty
The World Bank on Sunday urged rich countries to hurry up Share
IMF: Economic crisis to cost $4 trillion
The IMF has calculated that global losses from the financial crisis could rise to $4 trillion. While some are already talking about recovery and others promoting “glimmers of hope”, the IMF warned that “the challenges to restoring...
Global financial crisis and currency war
As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...
