World economy

Continuous unemployment claims at 26-year high in the US

01 Jan 2009

Recession forces immigrants in the US to default on renewing permits

01 Jan 2009

Chemical maker LyondellBasell may be on the brink of bankruptcy

31 Dec 2008

GCC to have common currency by end 2009

GCC to have common currency by end 2009

31 Dec 2008

The final draft of an accord on a monetary union in the Gulf region has been agreed upon by leaders of the region.

"End of the US in 2010" predicts Russian diplomat Igor Panarin

"End of the US in 2010" predicts Russian diplomat Igor Panarin

30 Dec 2008

Former KGB analyst Igor Panarin, dean of the Russian foreign ministry's academy for future diplomats, predicts that the US will break into six parts because of the nation's financial crisis in 2010.

Gloomy 2009 outlook for Asian airlines

Gloomy 2009 outlook for Asian airlines

29 Dec 2008

2008 all but cleaned out passenger and cargo traffic for airlines. Now, the industry is bracing for the grey weather forecast for 2009.

Recession in the UK to claim 3 million jobs by 2010

29 Dec 2008

GCC conference to focus on economic issues

29 Dec 2008

Oman opts out of the Gulf's single currency monetary plan

29 Dec 2008

UK faces worst slump since 1948

UK faces worst slump since 1948

27 Dec 2008

Belying the optimistic official Treasury forecasts, analysts at  Centre for Economics and Business Research say the UK's economy will face its worst decline in 60 years.

Online retailer Amazon sees best-ever holiday sales even as departmental stores stay empty

26 Dec 2008

US economy deeper in the red; GDP contracts 0.5 per cent in Q3

24 Dec 2008

Toyota may reshuffle top management, shed jobs in the US and UK

24 Dec 2008

2009 to be "really bad": IMF chief

2009 to be "really bad": IMF chief

22 Dec 2008

IMF chief Dominique Strauss-Kahn says that the measures announced by the G20 nations in Washington last month might not be enough to kick-start the global economy.

China's consumer retailing rises in November amid slowing economy

22 Dec 2008

Global recession gives Japan’s exports the chill

22 Dec 2008

China to prop Hong Kong economy

China to prop Hong Kong economy

20 Dec 2008

China has introduced landmark measures, including currency swaps and easing travel restrictions, to boost Hong Kong's troubled economy

Allianz creates new economic research and strategy department

19 Dec 2008

Bangladesh receives $200 million from S Korea for infrastructure development

19 Dec 2008

UK’s public sector borrowing soars to £16 billion in November

19 Dec 2008

Polaroid felled by owners malfeasance; in bankruptcy protection

19 Dec 2008

Japan projects no growth in 2009

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

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

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