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Microsoft announces 5,000 jobs to be cut
Companies around the world this week are announcing job cuts, amid announcements of dropping demand from sectors all across the board. Share
The economic crisis shaping a new Russia
Over the last few months there have been dramatic changes to the world as we knew it a year ago. Share
The European Central Bank studying a supervisory role
“The European Central Bank is considering an increased supervisory role in the financial sector in Europe, ECB President Jean-Claude Trichet said on Friday” reports Forbes.com. Share
Thousands of jobs lost in tourism sector
As the global economic crisis unfolds, companies around the globe are putting their investments on hold and cutting costs wherever they can – with most companies cutting jobs. Share
2008 a crisis of superlatives, 2009 doomed to follow those steps?
For most citizens around the globe, the year 2008 was a year of record proportions. Unfortunately, the records that were broken were all on the negative side. Share
2008 sees gigantic drop in the US stock market
The year 2008 is coming to an end. The two most memorable events this year that will probably go down in history books include Share
World faces “total” financial meltdown
The AFP reports on the interview the governor of the Bank of Spain held with El Pais on Sunday: “The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a “total” financial...
Depositors picket bank in first Moscow crisis protest
Reuters reports on a recent event in Moscow, where depositors are demanding to be able to withdraw money from their deposit accounts. Share
EU ministers to address economic crisis in Paris
Anna Wilard from the Guardian reports on Thursday’s meeting between European ministers in Paris Share
