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06.11.2008, 16:20

Obama ‘appointed’ General by Ukraine’s President

In his congratulation letter to president-elect Barack Obama, Victor Yushchenko used an archaic title reserved for top generals and their civil counterparts in tsarist Russia.

WBC Heavyweight Champion Vitaly Klitschko 08.11.2008, 12:19

It’s a knockout! Yushchenko fires world boxing champ

Ukraine’s WBC Heavyweight Champion Vitaly Klitchko has become the latest victim of the world economic crisis – after losing his job as an adviser to the country’s president. Viktor Yushchenko fired all 17 of his aides in a move to reduce govern

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Russia lends US$ 2 billion to Belarus

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

Belarus threatens to quit IMF

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.

25.11.2008, 11:06

Don't mention the D word in Latvia

In Latvia, the government is warning journalists not to stir up panic about the financial crisis. Talk of currency devaluation is all but a criminal offence and could earn transgressors a spell behind bars.

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.

IMF bails out Ukraine with massive loan

Published: 06 November, 2008, 10:19


The International Monetary Fund has approved a $16.4 billion loan to Ukraine. The money, $4.5 billion of which will be given immediately, is intended to help restore Ukraine's economy and rebuild financial confidence.

 
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