Australia recovering faster than expected, economy showing signs of life

After a year of global recession, Australia could be one of the world’s first major countries Share

World Bank: 50 million forced into extreme poverty

The World Bank on Sunday urged rich countries to hurry up Share

Davos: Talking the talk

The World Economic Forum held in Davos, Switzerland from the 28th January until Sunday 1st February saw a lot of talking the talk. Share

Iceland nearing collapse as economic crisis deepens

Iceland’s Finance Ministry slashed its forecast for gross domestic product (GDP) Share

ING cuts 7,000 jobs and CEO steps down

ING Groep NV, the biggest Dutch financial-services company, announced Monday that it will cut 7,000 jobs Share

Compass Bank to cut 1,200 jobs

Compass Bank, a unit of the Spanish Banco Bilbao Vizcaya (BBVA.MC), said Friday it will shed 1,200 U.S. jobs, Share

Schlumberger oil giant, to cut 5,000 jobs

Schlumberger Ltd., (NYSE:SLB) the world’s largest oilfield-services provider reported Friday a 2008 revenue of $27.16 billion Share

UK recession: it’s official

Analysts annouced Friday that Britain has officially slipped into recession. Latest figures Share

General Electric profits drop 44 percent

The mammoth company, General Electric, Co. announced Friday a 44 percent drop in its quarterly profit. Share

Economic crisis: All eyes on Davos

As the World Economic Forum (WEF) prepares to gather at its annual meeting next week, on Wednesday 29th January all eyes are set on Davos, Share