Oil surges on positive U.S. data, European confidence
Crude prices surged on Friday as U.S. retail sales rose more than expected in September, easing recession fears, and news said the Group of 20 countries may propose a new plan to tackle the European debt crisis.
World debt crisis no typical recession
OTTAWA (Xinhua) — The world’s economies are facing a debt crisis rather than a typical recession, British Prime Minister David Cameron told Canadian politicians here Thursday. In his 25-minute address to Canadian House of Commons, Cameron warned that the fallout from the 2008 financial crisis still lingers, growth has stalled in the United States, Europe [...]
100 People Pushed Into Poverty Every Minute by Economic Crisis
Developing countries across the globe are struggling to respond to the global recession that continues to slash incomes, destroy jobs and has helped push the total number of hungry people in the world above one billion, international agency Oxfam said today. The economic crisis arrived as poor countries were already struggling to cope with high [...]
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