World economy
Now, US steel industry asks for government bailout
02 Jan 2009
US steelmakers want the government to spend $1 trillion over two years to hike demand for steel, along with a ‘buy America’ clause.
Hundreds of UK retailers to go bust in 2009
02 Jan 2009
Chinese manufacturing sector close to recession
02 Jan 2009
The global economic slowdown and recession in the US, UK, Japan and many EU countries takes its toll on Chinese manufacturing units and exports
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
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
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.
GCC conference to focus on economic issues
29 Dec 2008
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
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.
Global recession gives Japan’s exports the chill
22 Dec 2008
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
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