World Bank: Global downturn is WWII-like

The global economy is set to shrink by around 1 to 2 per cent in 2009 Share

UBS slashing 5000 senior jobs

UBS, Switzerland’s biggest bank is said to slash up to 5,000 jobs Share

G-20 get together to tackle global crisis

Finance ministers and central bankers from the 20 countries making up the G-20 have completed a two-day gathering in Britain to discuss the global financial crisis. Share

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 talk on the street about companies repatriating...

Japan Q4 GDP confirms biggest slide since 1974

Japan’s fourth-quarter GDP shrank a 3.2 percent down from  estimates at 3.3 percent Share