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 More...
World Bank: 50 million forced into extreme poverty
The World Bank on Sunday urged rich countries to hurry up More...
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. More...
Iceland nearing collapse as economic crisis deepens
Iceland’s Finance Ministry slashed its forecast for gross domestic product (GDP) More...
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 More...
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, More...
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 More...
UK recession: it’s official
Analysts annouced Friday that Britain has officially slipped into recession. Latest figures More...
General Electric profits drop 44 percent
The mammoth company, General Electric, Co. announced Friday a 44 percent drop in its quarterly profit. More...
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, More...
