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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...
Tourism and travel industry set to contract in 2009
The global tourism and travel industry is set to contract in 2009, according to a new report by Euromonitor International entitled “The Forecast Restatement – Travel and Tourism in a Crisis” launched at the World Travel Market Vision conference...
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 the human beings, and were the touchstone...
World Bank: 50 million forced into extreme poverty
The World Bank on Sunday urged rich countries to hurry up Share
IMF: Economic crisis to cost $4 trillion
The IMF has calculated that global losses from the financial crisis could rise to $4 trillion. While some are already talking about recovery and others promoting “glimmers of hope”, the IMF warned that “the challenges to restoring...
Global financial crisis and currency war
As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...
IMF places Toxic Debt at $4 Trillion
The International Monetary Fund (IMF) could place toxic debt at $4 trillion Share
IMF to provide Serbia with 3 billion euros
The International Monetary Fund announced Thursday it had granted Serbia Share
China and Russia call for new currency: US rejects
China’s central bank has called for the creation of a new global currency Share
