Euro zone crisis set to dominate G20 Paris meeting
G20 finance chiefs and central bank heads from the world’s biggest economies meet in Paris on Friday needing to find a solution to a deepening euro zone debt crisis that has fanned fears of a global recession.
China says cooling inflation still top priority
BEIJING (AP) — China’s central bank said Monday that cooling surging prices still is its top priority even after inflation eased slightly in August. The announcement might disappoint companies and investors who hope Beijing will respond to a slowing global economy by reversing repeated interest rate hikes and other curbs imposed in an effort to [...]
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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