World economy
IMF predicts global recession
07 Nov 2008
IMF researchers yesterday predicted a contraction in the economies of developed countries, with emerging economies facing the risk of recession.
Motorola job cuts to affect Indian operations
05 Nov 2008
China feels the pangs as the world slows down
05 Nov 2008
The global economic slowdown is taking a toll on China, threatening to swell the ranks of its unemployed and reversing the income gains made in recent years.
IMF loosens loan strings, for now
30 Oct 2008
IMF's $100-billion facility to aid crisis-hit nations
30 Oct 2008
IMF will create a $100 billion short-term lending facility (SLF) for making available new cash for countries battered by the financial crisis.
EU urges China, Gulf States to fund IMF
29 Oct 2008
UK Prime Minister Gordon Brown, French President Nicolas Sarkozy have appealed to China and the oil rich Gulf states to contribute to the the IMF fund as its own resources may not not suffiice to aid countries hit by the global turmoil.
Das Kapital sales shoot up amid financial crisis
27 Oct 2008
Karl Marx, famous for having predicted the ultimate demise of capitalism as it created an exploitative system that ends up destroying itself, is in the midst of renewed interst in the capitalist world.
IMF bails out Ukraine with a $16.5 billion loan
27 Oct 2008
Pakistan seeks IMF help
27 Oct 2008
Pakistan has approached the IMF for two-year stand by loan for an undisclosed sum to meet its balance of payments difficulties caused by result of high food and fuel prices and the global financial crisis.
IMF and the World Bank set to increase loans
27 Oct 2008
IMF approves $2-billion loan for Iceland
25 Oct 2008
Iceland becomes the second European nation after the UK in 1976, to receice a $2-billion loan from the IMF to save the country from bankruptcy
Europe seeks succour from China as financial market crisis worsens
24 Oct 2008
While China can maintain its own stability, it is also capable of helping developed countries overcome the crisis, say global leaders.
Goldman Sachs to slash 10 per cent jobs, 3200 employees at risk
24 Oct 2008
Even the venerable Wall Street banker Goldman Sachs has been forcfed to cut jobs to cope with the economic slowdown wrought by the collpse of major banking institutions
Global leaders' summit in Washington on 15 November
23 Oct 2008
The threat of the financial crisis trigerring a deep and prolonged economic slowdown has prompted world leaders to meet in Washington next month
China’s growth drops to lowest in five years
22 Oct 2008
The Chinese economy continued to lose steam in the third quarter of 2008, with its growth rate dropping to its lowest level in over five years.
Financial crisis to add 20 million jobless: ILO
21 Oct 2008
20 million more people will lose jobs by the end of 2009 taking the unemployed to 210 million in late 2009, as a result of the worst financial crisis.
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