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BRIC leaders – Manmohan Singh, Dmitry Medvedev, Hu Jintao and Luiz Inácio Lula da Silva (L-R) 08.11.2008, 06:36

BRIC countries bearing brunt of downturn

The CIS states are likely to be hit by the global financial crisis more than any other developing countries according to a new report from the International Monetary Fund, which is also predicting Russia’s previously robust GDP growth could slow to 3.5%.

10.11.2008, 07:27

G20 meeting looks for overhaul of global financial architecture

G20 finance ministers and the heads of central banks met in Sao Paulo, Brazil, last week. They looked at ways to stop a global slowdown that could shrink trade world wide next year for the first time since 1982.

14.11.2008, 06:47

Bush defends free markets ahead of G20

Despite some evidence to the contrary, US President George W. Bush insists the global financial crisis ‘was not a failure of the free market’. His defence of Western-style capitalism came just hours before world leaders were expected in Washington for a c

Light mood ahead of heavy talks

Published: 15 November, 2008, 02:09


US President George W. Bush (C) toasts  Brazilian President Luiz Inacio Lula da Silva (H) and Chinese President Hu Jintao (R) during a dinner for leaders attending the G20 Summit (AFP photo/Jim Watson)

Leaders from the world's twenty richest countries have arrived in Washington to discuss the global financial meltdown. Saturday's one-day summit could be the first step in reforming the world's economy and banking system. The atmosphere at the meeting bef

 
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