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29.10.2008, 11:57

Ukraine on the brink of financial collapse

Inflation in Ukraine will accelerate and the country will find itself on the brink of a default without financing from the International Monetary Fund, according to the chairman of the National Bank of Ukraine Chairman, Volodymyr Stelmakh. But the politic

29.10.2008, 16:47

The show must go on! Rada rejects election funding bill

Legislators in Ukraine have voted against a bill on ballot funding. So the battle over the early election continues.

06.11.2008, 10:19

IMF bails out Ukraine with massive loan

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.

10.11.2008, 08:50

Zany ways to beat cash crisis

A growing number of Russians are searching for alternative solutions to overcome the world financial crisis. From relatively conventional ideas like sharing offices, to more unusual methods like turning to astrology or feng shui, people will try anything

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.”

It’s a knockout! Yushchenko fires world boxing champ

Published: 08 November, 2008, 12:19

WBC Heavyweight Champion Vitaly Klitschko

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TAGS: Crisis


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

Earlier, the Ukrainian leader said he would cut his office by a quarter due to the poor state of the country's economy.
 
With troubled markets, banks on the verge of insolvency and growing unemployment, Ukraine has taken a heavy hit from the world financial crisis.

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November 7, 2008, Tbilisi, Georgia (AFP Photo / Zviad Nikolaishvili) 08.11.2008, 05:04

Thousands demand Saakashvili resignation

Several thousand protesters have turned out in Georgia's capital Tbilisi to voice their discontent with the current leadership and to demand early presidential and parliamentary elections. They picketed the national parliament and the presidential residen

AFP Photo / Imad Abu Sombul 08.11.2008, 14:52

Middle East Quartet aim to boost peace process

The Quartet of Middle East mediators are gathering in Egypt, to look for ways to boost the stalled peace process between Israelis and Palestinians.