Tag archive for ‘global financial crisis’
By Michael Sorense On Monday, January 25th, 2010

Ericsson profits drop 92 per cent, 1500 jobs to be cut

Ericsson unveiled plans Monday, to cut 500 jobs as the telecommunications giant announced a huge 92 per cent drop in profits in the final quarter of 2009. The global financial crisis has resulted in a strong drop More...

By Rajat Anand On Saturday, September 12th, 2009

Recession in Brazil ends, GDP grows 1.9 per cent

According to the latest figures released Friday by the Brazilian Census Bureau (IBGE), the economy in Brazil saw a growth of 1.9 per cent in the second quarter, taking the Brazilian nation out of recession. Brazil More...

By Rajat Anand On Wednesday, August 26th, 2009
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New Report Declares ‘The Global State of Emergency’

A recently published report by the RC-Institute for Global Individuation, declares “The Global State of Emergency” warning that: “Humanity has 9 years left to take drastic measures.” The More...

By Adrian Santana On Tuesday, August 4th, 2009

Toyota loses $819 million, sales collapse 38 per cent

The Japanese car maker Toyota has reported a loss of $819 million in the first quarter with total sales collapsing 38.3 per cent to $40.4 billion. The car maker has seen demand dampened by the global financial More...

By Adrian Santana On Monday, June 22nd, 2009
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Billionaire Soros says worst of global crisis is “behind us”

Billionaire George Soros says the worst of the global financial crisis is over. The 78-year-old American has been a big commentator on the developments leading up to the global financial crisis, already back in More...

By Adrian Santana On Saturday, May 9th, 2009

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 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 Friday, March 27th, 2009

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, Secretary-General Ban Ki-moon told the leaders of the world’s richest nations ahead of their meeting in London More...

By Adrian Santana On Thursday, March 26th, 2009

IMF to provide Serbia with 3 billion euros

The International Monetary Fund announced Thursday it had granted Serbia a 3 billion euro (£2.8bn; $4.1bn) bailout loan in order to come to terms with the hard hit Serbian economy. “Serbia’s GDP will More...

By Adrian Santana On Monday, March 23rd, 2009
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Hungary PM resigns over financial crisis

Hungarian Prime Minister Ferenc Gyurcsány surprisingly announced his resignation on Saturday during the congress of the Hungarian Socialist Party (MSZP). The PM’s announcement was unexpected even among More...