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Dubai brings down the world
The Dubai government stirred up markets this week by its decision to delay the debt payments which its flagship holding company and corporate biggie, Dubai World owes. Share
Zimbabwean economy stabilizing
The occupancy of Zimbabwean hotels has almost doubled in the last year Share
US witnesses unexpected rise in new jobless claims to 576,000
New jobless claims for unemployment benefits rose unexpectedly for the second straight week Share
Australia recovering faster than expected, economy showing signs of life
After a year of global recession, Australia could be one of the world’s first major countries Share
Turkish economy collapsing, GDP contracts 13.8 per cent
The Turkish Statistics Institute (TUIK) announced last week that Turkey’s economy contracted 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...
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...
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...
BBC Poll: Russians worried by global crisis
A third of Russians polled by the BBC are concerned by falling living standards and financial problems Share
