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29.11.2008, 07:47

Americans ditch snacks as recession bites

Shops and businesses are closing down across the U.S. as the global recession deepens. Unemployment is rising and ordinary Americans are making financial sacrifices to stay afloat. This often means cutting down on life’s luxuries, like eating out and goin

11.12.2008, 17:39

Thousands to lose their jobs in 2009

Up to 250,000 jobs could be lost in Russia in 2009 according to Mikhail Shmakov, the head of the Federation of Independent Trade Unions of Russia.

Unemployment wave tipped as economy slows

Published: 11 December, 2008, 06:35


Russia’s commodity-based economy is struggling as oil prices plunge 70% from record levels in July, and experts anticipate a sharp rise in unemployment early next year.

 
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