World economy

Japan projects no growth in 2009

19 Dec 2008

The Japanese government expects the economy to shrink this year and projects a zero growth in the year ending March 2010

Nobel jurors under probe for favouritism

19 Dec 2008

Swedish prosecutors are investgating whether Nobel prize selection committee memebers were influenced by the Chinese government, and seperately by drug firm AstraZeneca

UK’s iconic Woolworth store will shut down in January

18 Dec 2008

GM goes slow on Chevrolet Volt factory

18 Dec 2008

US unemployment seen topping 2 million in New Year

18 Dec 2008

China emerges top lender to US government; weighs alternatives

17 Dec 2008

Vauxhall offers sabbaticals to staff

15 Dec 2008

Japanese business confidence registers biggest fall since 1975

15 Dec 2008

British government may outline rescue package for car industry

15 Dec 2008

China industrial output growth hits a 9-year low in November

15 Dec 2008

China, Japan, South Korea sign historic trilateral deal

15 Dec 2008

Leaders of China, Japan and the Republic of Korea  sealed a historic tripartite partnership to tackle the global financial crisis in Japan

Ecuador won't pay foreign debt interest, dubs it as illegal

13 Dec 2008

2009: Emerging Asain economis to see slowdown, not contraction: Allianz Dresdner

12 Dec 2008

Bank of America to slash up to 35,000 jobs over next three years

12 Dec 2008

Bank of America  will cut 30,000 to 35,000 jobs in the next three years as it absorbs the acquisition of Merrill Lynch in a faltering economy

SKF cutting 2,500 jobs worldwide

11 Dec 2008

Offshoring plans not slowed by global financial crisis: PwC – Duke ORN survey

11 Dec 2008

US in dire straits with budget deficits in 43 states

11 Dec 2008

China, Japan, Korea bankers to meet annually

11 Dec 2008

Canadian telecom giant Nortel may seek bankruptcy protection

11 Dec 2008

China's exports down 2.2 per cent in November

10 Dec 2008

Malco suspends production as aluminium prices plummet

10 Dec 2008

Japan in recession as GDP shrinks 1.8 per cent in July-Sept

09 Dec 2008

WTO releases revised drafts for farm and non-farm trade talks

08 Dec 2008

Over half a million Americans lose jobs in November

08 Dec 2008

The US Bureau of Labor Statistics yesterday posted the worst monthly payroll employment figures in 34 years, with 533,000 people being rendered jobless in November alone.

China, US pledge $20 billion for trade

05 Dec 2008

The US and China hope to stimulate flagging global trade as the worldwide recession  sets in.