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December, 02 2008 By Mark WeisbrotKhor, Martin Source: CEPR World leaders of the G-20 gathered in Washington to discuss solutions to the globalfinancialcrisis. Although the crisis originated in the deregulated financial markets of the developed countries, the impacts of the crisis - both in the financial sector and in the real economy - are spreading...
The looming financialcrisis that continue to wreck havoc on international economies has so far had no bearing on The Gambia's economy, according to a report obtained from a one day sensitization workshop for stakeholders on the current state of the World FinancialCrisis.
The US-born globalfinancialcrisis of 2007-2008 and beyond is the nastiest financial calamity in the world since the NRM government ascended to power in 1986.
The financialcrisis sweeping the world that emerged from Wall Street has taken its toll on the United Arab Emirates (UAE), sending the Gulf oil producing country's economy into an uncertain path. &$ &$ DOWNTURN IN MARKETS &$ &$ In the first half of 2008, the world saw a steady rise in oil prices, which climbed to a record high of 147.27 U.S. dollars a barrel on July 11. However, the...
The tourists chatting in multiple languages in the piazzas, bars and shops of Rome belie a more somber mood at the ancient city's hotels.Luigi Rinaldi, concierge of the Hotel de la Minerve next to th
Via: AlterNet: Amidst the spreading globalfinancialcrisis, a special debt audit commission released a report charging that much of Ecuador’s foreign debt was illegitimate or illegal. The commission recommended that Ecuador default on $3.9 billion in foreign commercial debts–Global Bonds 2012, 2015 and 2030–the result of debts restructured in 2000 after the country’s 1999...
President George W. Bush expressed remorse that the globalfinancialcrisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession. "I'm sorry it's happening, of course," Bush said in a wide-ranging interview with ABC's "World News," which was airing Monday. "Obviously I don't like the idea of people losing...
According to the IATA, the number of passengers traveling on premium airline tickets - who tend to be business travelers - dropped 8 percent in September, reflecting the severity of the globalfinancialcrisis and a slump in the confidence of manufacturers in the U.S., Japan and Europe. Premium traffic slumped in North Atlantic markets, between the U.S. and Asia across the Pacific...
According to the IATA, the number of passengers traveling on premium airline tickets - who tend to be business travelers - dropped 8 percent in September, reflecting the severity of the globalfinancialcrisis and a slump in the confidence of manufacturers in the U.S., Japan and Europe. Premium traffic slumped in North Atlantic markets, between the U.S. and Asia across the Pacific...
POZNAN, Poland (AP) _ A U.N. climate conference has opened with warnings that the globalfinancialcrisis must not divert efforts to reach a new treaty on controlling greenhouse gas emissions.
POZNAN, Poland (AP) _ A U.N. climate conference has opened with warnings that the globalfinancialcrisis must not divert efforts to reach a new treaty on controlling greenhouse gas emissions.
Lusaka- Despite experiencing biting energy shortages Zambia has had to delay a planned new hydroelectric power station by a year because of the globalfinancialcrisis, the World Bank announced Tuesday. The 750-megawatt (MW) Kafue Gorge Lower Hydropo...
Lusaka- Despite experiencing biting energy shortages Zambia has had to delay a planned new hydroelectric power station by a year because of the globalfinancialcrisis, the World Bank announced Tuesday. The 750-megawatt (MW) Kafue Gorge Lower Hydropo...