Tag archive for ‘global crisis’
By Ana Nivtova On Thursday, November 25th, 2010

Putin Proposes Trade-Free Zone from Lisbon to Vladivostok

In a commentary published in Germany’s Sueddeutsche Zeitung, Russian Prime Minister Vladimir Putin proposed a stronger integration of economic ties between the European Union and Russia that would ideally More...

By Michael Sorense On Monday, December 21st, 2009

2010 to witness devastating Food Crisis

According to a recent analysis by Eric deCarbonnel from MarketSkeptics.com, “undeniable evidence that the world will run out of food next year”, which will result in “US economic disintegration”. The More...

By Adrian Santana On Tuesday, July 7th, 2009

Pope Benedict Encyclical Addresses Global Economic Crisis

In Pope Benedict’s new social encyclical, the world economy takes centre-stage. Benedict addresses government stimulus plans: “I would like to remind everyone, especially governments engaged in boosting More...

By Adrian Santana On Tuesday, April 14th, 2009

Germany warns on global inflation after crisis

Germany’s Finance Minister Peer Steinbrueck, fears that after the economic crisis, we could see high inflation and a “crisis after the crisis” when the global economy recovers. He said: ‘What More...

By Adrian Santana On Tuesday, April 7th, 2009

IMF places Toxic Debt at $4 Trillion

The International Monetary Fund (IMF) could place toxic debt at $4 trillion by 2010, according to international media reports on Tuesday. The $4 trillion forecasted by the IMF, includes the approximately $3 trillion More...

By Adrian Santana On Tuesday, March 31st, 2009

France threatens to walk out of G-20 summit

Just days before the leaders of the G-20 are to meet in London to discuss the global financial crisis, Nicolas Sarkozy takes a confrontational stance towards Britain and the US stating that hard measures have to More...

By Adrian Santana On Monday, March 23rd, 2009

World Bank: Global downturn is WWII-like

The global economy is set to shrink by around 1 to 2 per cent in 2009 and no recovery is in sight until 2010, according to the World Bank’s President Robert Zoellick. That estimate is in contrast with an More...

By Adrian Santana On Saturday, March 14th, 2009

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 More...

By Adrian Santana On Monday, March 9th, 2009

$50,000,000,000,000 wiped out

A report claims that $50 trillion worth of financial assets have been wiped out in 2008, according to a report released Monday by the Asian Development Bank. The report also unveiled how Asia was hit hardest with More...

By Adrian Santana On Friday, February 27th, 2009

Japan’s exports fall by 46 per cent

In January, Japan’s exports have fallen by 46 per cent. Japan’s economy was one of the first Asian economies to fall into recession last year as the slowdown in domestic demand crumpled under the effects More...