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14.11.2008, 22:56

What can we expect from G20 summit?

At the G20 summit set to commence in Washington DC on November 15 no less than 85 per cent of the world's economy and two-thirds of its population will be represented. And there are hopes that this one meeting will provide the solutions to the worst cris

US President George W. Bush (C) toasts  Brazilian President Luiz Inacio Lula da Silva (H) and Chinese President Hu Jintao (R) during a dinner for leaders attending the G20 Summit (AFP photo/Jim Watson) 15.11.2008, 02:09

Light mood ahead of heavy talks

Leaders from the world's twenty richest countries have arrived in Washington to discuss the global financial meltdown. Saturday's one-day summit could be the first step in reforming the world's economy and banking system. The atmosphere at the meeting bef

Summit on Financial Markets (AFP Photo / DDP) 15.11.2008, 14:33

One day to save the world

G20 leaders are in Washington to discuss how to get through the financial crisis engulfing the planet. There are reports a preliminary agreement is nearly in place. According to French officials, the accord recognises the need to support the financial sys

AFP Photo / Eric Feferberg 16.11.2008, 19:44

World leaders agree steps to tackle crisis

The leaders of the world's 20 largest economies have pledged to work together to put the global economy back on track. At a one-day summit in Washington they agreed to reform the international monetary system. Finance ministers have been told to submit de

16.10.2010, 01:30 15 comments

Socialism vs Capitalism in America

The tide of fear against Socialism is on the rise in America. At a time when the economy is so rough, why this debate over capitalism vs. socialism?

21.10.2010, 22:14 3 comments

"EU may waste money of member states” – analyst

The European Parliament has voted for a budget increase that would cost UK taxpayers an additional 900 million pounds next year.

Image from dailycal.org 03.03.2010, 00:49 75 comments

University of California campus erupts in riots

Violence breaks out as students at the flagship school of the University of California protest stiff tuition hikes.

23.10.2010, 00:52 7 comments

US on collision course with economic ruin

Finance ministers from the G-20 nations will meet in South Korea to address the global financial crisis. US Treasury Secretary Timothy Geithner is expected to push his plan aimed at rebalancing the world economy.

23.10.2010, 02:59 5 comments

Statistics highlight an American empire in decline

The US has long regarded itself as an exceptional nation, a beacon of democracy and progress throughout the world. Yet the statistics don’t exactly match the rhetoric.

30.04.2010, 13:37 16 comments

Debt-ridden Greeks angry at defense deal

Greece faces years of painful cuts to salaries in return for a multi-billion-dollar bailout from the International Monetary Fund and the EU. The Greek finance minister called it a “choice between collapse or salvation.”

BRIC countries bearing brunt of downturn

Published: 08 November, 2008, 06:36


BRIC leaders – Manmohan Singh, Dmitry Medvedev, Hu Jintao and Luiz Inácio Lula da Silva (L-R)

The CIS states are likely to be hit by the global financial crisis more than any other developing countries according to a new report from the International Monetary Fund, which is also predicting Russia’s previously robust GDP growth could slow to 3.5%.

 
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