breakingnews
19.10.2008, 04:46
The past week has been a tough one for Iceland. The island of 300,000 people has so far been the most serious state victim of the global credit crunch. Its economy has nosedived after years of prosperity, with its banks virtually collapsed and currency de
25.10.2008, 19:37
Iceland's government has announced that it has reached agreement with the International Monetary Fund (IMF) on an economic stabilisation programme which includes a $US 2.1 billion loan from the fund.
09.11.2008, 13:27
Have you ever watched little kids playing on a playground and thought: “If only I could harness their energy?” That’s precisely what a group of green-minded U.S. inventors have done by transforming playground equipment into systems that genera
16.10.2010, 01:30
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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
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The European Parliament has voted for a budget increase that would cost UK taxpayers an additional 900 million pounds next year.
03.03.2010, 00:49
75 comments
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
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
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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
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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.”
08.02.2010, 03:19
17 comments
For 40 years the US was the dominant economic power, but today China and India are emerging and there is a complete change internationally, former World Bank president James Wolfensohn told RT at Davos.
Published: 08 November, 2008, 08:13
The International Monetary Fund, along with several European states, is collecting money to help Iceland's collapsed banking system. The country is on the verge of bankruptcy following the world financial crisis.
