breakingnews
19.10.2008, 12:53
With the financial crisis raging, and the threat of recession looming, the British government says it can’t support immigration at its current level. Political analyst John Bourke looks into the implications of the move.
22.10.2008, 05:14
The Russian government has added $US 6.7 billion of liquidity to the markets and set aside the same amount for the next year in a bid to stabilise the economy. But despite Tuesday’s move there have been reports of some Russians buying dollars and euros in
23.10.2008, 09:28
Vladimir Putin says exchanging roubles for dollars is a “doubtful venture” because of uncertainty over what the dollar could do next. The Russian Prime Minister was speaking in an attempt to calm fears over the stability of the currency which
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 $US 2.1 billion loan from the fund.
08.11.2008, 08:13
The International Monetary Fund, along with several European states, is collecting money to help Iceland's collapsed banking system. The country is on the verge of bankruptcy following the world financial crisis.
13.11.2008, 18:36
Russia is to lend Belarus US$ 2 billion to help it ride out its current economic difficulties. The first billion will be transferred by the end of the year with the rest to follow at the beginning of 2009.
16.11.2008, 07:57
Cash-strapped Belarus has said it may turn its back on the International Monetary Fund if the organization refuses to give it a US$ 2 billion loan.
Published: 19 October, 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
