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16.06.2009, 07:53 2 comments

BRIC to make formal debut

The world's key emerging economies are meeting in Russia for their first ever summit. The BRIC nations, made up of Brazil, Russia, India and China, hope the bloc can act to stabilize the global economy.

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.”

15.09.2009, 09:36 6 comments

BRIC to call the shots in post-crisis world

The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.

Image from utilityweek.co.uk 18.10.2010, 09:09 4 comments

UK on verge of new crisis

Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.

Wen Jiabao (L) and Vladimir Putin take part in a signing ceremony during the Shanghai Cooperation Organisation meeting on October 14, 2009 (AFP Photo / Pool / Minoru Iwasaki) 14.10.2009, 19:30 3 comments

Asian nations gather in Beijing to tackle economic crisis

Leading Asian nations are in Beijing to weigh up how to mutually boost their economies, as well as work out how to combat security threats in the region.

15.04.2010, 09:19

Economy tops agenda as BRIC summit kicks off in Brazil

Brazil, Russia, India and China are meeting for a summit in the city of Brasilia. The heads of the world’s major emerging economies are expected to discuss policies on a wide range of issues.

21.05.2010, 16:13 5 comments

What is really delaying global economic growth?

An overemphasis on US-China relations is not the only misleading focus detracting from the root of the problem surrounding the worldwide economy and impairing the track for sustained global recovery.

AFP Photo / Filippo Monteforte 18.05.2010, 04:37 5 comments

Greece to probe US banks as global protests spread

With people around the world rising up and striking over economic concerns, Greece has threatened to investigate the role US investment banks played in its debt crisis.

05.11.2009, 06:13 3 comments

Cancelled Opel deal – a slap in the face for Germany

GM has backed out of selling its Vauxhall and Opel brands to a joint venture between Russia’s Sberbank and Canada’s Magna. German workers, who risk mass sacking, have started protests against the move.

Greece, Athens: Europe cornered Greece on February 16 into preparing drastic new action to rein in its bulging deficit and debts while Athens was immediately hit by a new wave of strikes. (AFP Photo/ Louisa Gouliamaki) 19.02.2010, 10:10 4 comments

Greek crisis may just be beginning for Europe

Economists say German tax payers will bear the cost of the Greek debt crisis despite opinion polls showing most Germans oppose it, as the risk of default grows in other countries.

“G8 – not the right place to decide on a crisis”

Published: 08 July, 2009, 20:32


AFP PHOTO / TIZIANA FABI

Former member of the European Parliament, Julietto Chiesa, believes that the G8 does not have the power to make decisions on big questions, especially financial matters, without the participation of China.

 
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