Global crisis

“Keep the exchange rates of major currencies relatively stable,” China says

June 25, 2009 - 2:54am | Analytics | News

World powers continue raising questions around the international reserve currency and on Wednesday Chinese Foreign Minister Yang Jiechi noted that the nations need to understand that the top reserve currencies should be kept stable.

"Countries across the world have suffered heavy losses from the ongoing global financial crisis and economic recession," Yang told a U.N. General Assembly meeting on the economic crisis and its impact on the developing world.

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World Bank: global economy is turning to recovery. When?

May 19, 2009 - 8:00am | Analytics | News

On Tuesday World Bank President Robert Zoellick said for the Spanish television that being a realist he sees the world economy to start recovering from the recession, according to the Reuters report.

Thus Zoellick believes the collapse has been interrupted already. And all the further declines he sees to be much smaller in size. He anticipates a recovery at the end of this year, at the beginning of next year.

expectation | Global crisis | recession | recovery | World Bank

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IMF calls Asia for new measures to get trough the collapse

May 6, 2009 - 3:21am | Analytics | News

As the International Monetary Fund reported on Wednesday, it called Asia Pacific region to flood nation’s banking systems with liquidity and actively sustain credit growth by using unconventional monetary policy and accommodative fiscal policy. The financial body made its recommendations in the Regional Economic Outlook that was released on Wednesday in Singapore.

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Americans fear identity theft more than terrorism

April 14, 2009 - 4:10am | Fraud | News

Unisys, an information technology company, presented the results of its survey that reflects credit and debit card fraud to be No.1 fear of Americans in the situation of global economic recession. Thus US citizen’s anxiety about credit card fraud exceeds terrorism, computer and health viruses and personal safety concerns.

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April 2, 2009, the day G20 leaders drafted the end of the global crisis?

April 3, 2009 - 11:39am | Analytics | News

April 2, 2009 will remain in the history as the day when the world leaders gathered together to conjointly fight the world economy crisis, as it was posed by the British Prime Minister Gordon Brown. It was the day when G20 summit made a decision to inject additional $1.1 trillion into the world economy to help it survive the cataclysm. It was the day of beginning of an end to Anglo-Saxon model of capitalism practiced across the globe since 1944.

-1 points

America is getting unemployed

December 1, 2008 - 3:28am | Figures | News

The statistics from the Labor Department of the US shows that over 1 million jobs were lost this year through October. According to the analysts the employment report in November won’t be more optimistic with a loss expected to account for 350,000 jobs. The number is the largest drop since May 1980 when more than 400,000 jobs were cut down.

Global crisis | job | unemployment insurance | US Labor Department

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Dow Jones and NASDAQ Composite, implacable heralds of depressions and crises

November 20, 2008 - 12:28pm | Markets | News

Who could ever imagine that the lives of people would depend on the figures reported in the investment market indices abundantly available today? Being at first sight just the usual numbers they however reflect the most important events in the world economy. Almost 80 years ago a prominent index known as Dow Jones Industrial Average or DJIA displayed horrible data in its charts, the data that marked the beginning of Great Depression.

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Economy downturn brings higher incomes to hackers

October 31, 2008 - 9:18am | News | Other themes

[img_assist|nid=8022|title=|desc=|link=none|align=left|width=94|height=100]While the ubiquitous economy disaster impoverishes ones, other are capitalizing on the situation as it is readily apparent from the report of APACS. Financial institutions are warning their customers against the latest series of phishing mails attacks. Fraudsters are making use of the mess and confuse of the bank consumers to drag them into visiting malicious sites where the victims are robbed of their sensitive financial data.

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