Alan Greenspan: “Worst crisis in history”

Alan Greenspan has called the financial crisis, “by far the greatest financial crisis, globally Share

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

APEC says global economy recovering

The leaders of 21 APEC economies, in a recently concluded two-day summit Share

Oil moves near $80 amidst indications of economic recovery

Crude oil was up near $80 per barrel after home prices in the US Share

World recession easing, sluggish recovery in sight, says IMF

The world is starting to pull out of its first recession since World War II, said the International Monetary Fund in its latest report released Wednesday. According to the latest report, the global economy was already stabilizing, the financial crisis...

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

Developing countries need $1 trillion to weather the financial crisis

At least $1 trillion is needed to help developing countries get through the global financial crisis Share