Madoff sentenced to 150-year prison term

Bernard Madoff, who defrauded investors out of billions of dollars Share

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...

Financial crisis pushes more of world’s poor into hunger, warns UN body

The United Nations committee tasked with building alliances in the global fight against hunger has warned that the world financial crisis will aggravate malnutrition among the most vulnerable in developing countries. Share

OECD foresees “a slow and fragile recovery”

The OECD (Organization for Economic Co-operation and Development) predicts Share

MySpace to slash 300 international jobs

The social networking site MySpace has plans to lay off 300 Share

SkyEurope files for creditor protection

The Bratislava-based lowcost airline SkyEurope has successfuly filed for Share

Billionaire Soros says worst of global crisis is “behind us”

Billionaire George Soros says the worst of the global financial crisis is over Share

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...

French budget deficit to top 7 per cent

France’s government budget deficit is expected to soar to between 7% and 7.5% Share

Switzerland battles worst recession in 34 years

The Swiss government approved a third, 750 million Swiss franc ($690 million) Share