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global financial crisis



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Financial Turmoil and the "Solutions"

December, 02 2008 By Mark WeisbrotKhor, Martin Source: CEPR World leaders of the G-20 gathered in Washington to discuss solutions to the global financial crisis. 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...

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'Country Not Affected By Financial Crisis' - Dampha

The looming financial crisis 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 Financial Crisis.

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Country Needs Response Plan to the Global Crisis

The US-born global financial crisis of 2007-2008 and beyond is the nastiest financial calamity in the world since the NRM government ascended to power in 1986.

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Yearender: Global financial crisis takes toll on UAE

The financial crisis 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...

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Financial News: Travel pinched by global financial crisis

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

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As Crisis Mounts, Ecuador Declares Foreign Debt Illegitimate and Illegal

Via: AlterNet: Amidst the spreading global financial crisis, 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...

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Travel pinched by global financial crisis

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.

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Bush: 'I'm sorry' the economic crisis is occurring-- By DEB RIECHMANN, Associated Press Writer

President George W. Bush expressed remorse that the global financial crisis 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...

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Travel pinched by global financial crisis

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 global financial crisis 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...

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Travel pinched by global financial crisis

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 global financial crisis 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...

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Global Financial Crisis Fuels Need for Greater HIV and AIDS Assistance for Children

JOHANNESBURG, South Africa, Dec. 1 /PRNewswire-USNewswire/ -- The following is a statement from Martha Newsome, director of World Vision International's Global Health and HIV & AIDS Hope Initiatives:

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Climate conference warned not to let financial crisis derail goal of new global warming treaty

POZNAN, Poland (AP) _ A U.N. climate conference has opened with warnings that the global financial crisis must not divert efforts to reach a new treaty on controlling greenhouse gas emissions.

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Climate conference warned not to let financial crisis derail goal of new global warming treaty

POZNAN, Poland (AP) _ A U.N. climate conference has opened with warnings that the global financial crisis must not divert efforts to reach a new treaty on controlling greenhouse gas emissions.

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Major Zambia energy project delayed by global credit crunch

Lusaka- Despite experiencing biting energy shortages Zambia has had to delay a planned new hydroelectric power station by a year because of the global financial crisis, the World Bank announced Tuesday. The 750-megawatt (MW) Kafue Gorge Lower Hydropo...

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Major Zambia energy project delayed by global credit crunch

Lusaka- Despite experiencing biting energy shortages Zambia has had to delay a planned new hydroelectric power station by a year because of the global financial crisis, the World Bank announced Tuesday. The 750-megawatt (MW) Kafue Gorge Lower Hydropo...