World Economy

Abu Dhabi Won't Bail Out Dubai

Reuters | Posted 11.28.2009 | Business

Read More: Dubai Debt, World Economy, Abu Dhabi Dubai, Economy, Economic Crisis, Dubai Collapse, Abu Dhabi Saves Dubai?, Financial Crisis, Abu Dhabi, Abu Dhabi Won't Save Dubai, Dubai, Business News

ABU DHABI (Reuters) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior...

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Dubai's Debt Problems Cast Shadow Over Entire Region

AP | BARBARA SURK | Posted 11.28.2009 | Business

Read More: Dubai, Dubai Debt, Dubai Economy, Economy, World Economy, Gulf Nations, Business News

DUBAI, United Arab Emirates — For years, Dubai seemed unstoppable, an oasis of excess boasting indoor ski slopes and manmade islands, the world'...

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Soros: U.S. Economy Will Be A Drag On World Growth

Reuters | Posted 10.16.2009 | Business

Read More: U.S. Economy, George Soros, Economy, World Economy, Business News

Billionaire investor and philanthropist George Soros said on Thursday that the world's current "currency arrangements" are fraught with danger and tha...

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The Winds Are Still Blowing East

Zachary Karabell | Posted 10.13.2009 | World

Read More: Global Economy, Trade, Hu Jintao, Economy, Russia, Oil, Vladimir Putin, China, World Economy, North Korea, World News

China is emerging as the new power in the global economic pantheon, and their embrace of Russia is a clear sign that they wish to become less engaged with the U.S. rather than more.

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World Job Market Showing Signs Of Recovery

The Guardian | Kathryn Hopkins | Posted 11.08.2009 | World

Read More: US Economy, Global Recession, Global Economy, Economic Stimulus Package, Economy, Economic Crisis, Job, Us Economy Recession, Us Economic Crisis, Global Economic Crisis, World Economy, World News

Britain's employers are reporting improved recruitment plans for the first time in three years, offering a "glimmer of hope" to jobseekers in the run-...

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G-20 Promises Crackdown On Bankers' Pay

AP | JANE WARDELL and AOIFE WHITE | Posted 10.21.2009 | Business

Read More: g20, G20 Summit, Economy, World Economy, Bonuses, Bankers, Banks, Executive Pay, Business News

LONDON — Top finance officials from rich and developing countries agreed Saturday to curb hefty bankers' bonuses, but the proposed crackdown on ...

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World Economy: 11 Places Worse Off Than The U.S.

usnews.com | Rick Newman | Posted 08.10.2009 | Business

Read More: India, Economic Crisis, Economy, Middle East, Imf, Gdp, China, US Economy, Recession, World Economy, Business News

When times are tough, one thing that tends to raise the spirits is knowing that somebody else has it worse. And as wretched as the U.S. economy seems,...

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Stimulate This!

Christiana Wyly | Posted 07.30.2009 | World

Read More: G8, G20 Summit, World Economy, United Nations Climate Change, Global Economy, Economy, United Nations, Un, g20, James Quilligan, World News

Without coordinated efforts by developed nations to help the world's poorest nations, 100 million people may fall into extreme poverty each year for the foreseeable future.

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Let Us See if Italy Keeps Faith With the World's Poor

Bob Geldof | Posted 07.16.2009 | World

Read More: African Aid, G8, Desmond Tutu, World Economy, Silvio Berlusconi, ONE Campaign, Africa, Italy G8, Aids, World News

Italy has only done 3% of what Prime Minister Berlusconi personally and nationally promised to Africa in 2005. So it is quite proper to ask -- what legitimacy does Italy have to run the G8 this year?

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Gasoline Prices Up $.25/Gallon in Two Weeks -- Time to Refocus on the Strategic Petroleum Reserve

Raymond J. Learsy | Posted 06.18.2009 | Business

Read More: Energy, Politics, World Economy, Energy Department, Gasoline Prices, Strategic Petroleum Reserve, Oil, The Economy, Obama Administration, Speculators, Opec, President Bush, Financial Crisis, Business News

It is time for the Obama administration to show it is cognizant of the creeping upward push of oil and gasoline prices and its impact on a still very fragile economy.

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Iceland's First Left Majority Government: Plus Ça Change...

Iris Erlingsdottir | Posted 06.11.2009 | World

Johanna and her partners have an incredibly difficult task ahead of them. However, forcing a quick referendum on EU membership should not be the cornerstone of our rebuilding effort.

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Volcker: US, World In A 'Great Recession'

Bloomberg | Matthew Benjamin | Posted 05.24.2009 | Business

Read More: Depression, Economy, Federal Reserve, US Economy, Paul Volcker, Recession, World Economy, Business News

Former Federal Reserve Chairman Paul Volcker said the global economic slump is one of the worst in history. "The U.S., along with the rest of the wor...

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Ah So, China Is the Way to Go

Dan Dorfman | Posted 05.23.2009 | Business

Read More: Chinese Economy, World Economy, Stock Market, Economy, China, Business News

What are the best ways to play China and other Asian markets, which should also benefit handsomely from the Chinese rebound?

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IMF Global Financial Stability Report Puts Financial Losses At $4.1 Trillion

AP | MARTIN CRUTSINGER | Posted 05.22.2009 | Business

Read More: International Monetary Fund, Economy, Global Financial Stability Report, Financial Crisis, Imf, Global Economic Crisis, World Economy, World Economic Losses, Business News

WASHINGTON — Losses at financial institutions could approach $4.1 trillion worldwide, the International Monetary Fund said Tuesday as it urged c...

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Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.07.2009 | World

Why are the countries that have accepted IMF assistance in the past -- such as South Korea and Argentina -- so bitter over the experience?

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G-20 Must Look To Needs Of Developing World: Commentary

Times Online | Wang Qishan | Posted 04.27.2009 | World

Read More: Group-of-20-Economy-Meeting, Developing Countries, World Economic Crisis, England, Group of 20, Economic Growth for Developing Countries, World Financial Crisis, Third World, London, G-20, China, World Economy, g20, London-United Kingdom, United Kingdom, World News

The global financial crisis that started last year has taken its toll on the world economy on an unprecedented scale. To cope with the crisis, a stron...

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Joshua Cooper Ramo: Surprise! Global Financial Crisis Could Turn China Into A Superpower

Diane Tucker | Posted 10.11.2009 | World

Read More: Obama Cabinet, China Tibet Crackdown, China Products, World Economy, Henry Kissinger, Time Magazine, Subprime Mortgage Crisis, President Obama, 9/11, Banking Crisis, University of Michigan, Bill Browder, Richard Nisbett, Diane Tucker, Hermitage Fund, China Economy, China Human Rights, Joshua Cooper Ramo, Global Financial Crisis, China, The Atlantic, Age of the Unthinkable, Chinese Financial Crisis, American Superpower, Superpower, Investment Banks, Leveraged Buyout, Subprime Mortgage Market, Stock Market, Free Market, New York/New York, Books, World News

The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.

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World Bank cuts China's 2009 growth forecast

AP | JOE McDONALD | Posted 04.18.2009 | Business

Read More: Global Economy, World Bank, World Bank Cuts China Growth Forecast, China Gdp, China, China Gdp Growth, World Economy, Business News

BEIJING — The World Bank cut its forecast of China's 2009 growth from 7.5 percent to 6.5 percent on Wednesday due to plunging exports but expres...

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World Government

Scott Malcomson | Posted 04.18.2009 | World

Read More: US Economy, Gordon Brown, Deficit, Sebastian Mallaby, Council on Foreign Relations, Group-of-20-Economy-Meeting, World Economy, Brad Setser, Brazil, Group-of-20, Quantitative Easing, Us Economic Crisis, Lawrence Summers, Barack Obama, Bric, Mantega, World News

The FT columnist Gideon Rachman wrote a column a couple of months ago about the need for world government, and he got more and different readers than ...

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G-20 Won't Call For More Stimulus

Wall Street Journal | GABRIELE PARUSSINI | Posted 04.14.2009 | Home

Read More: Finance Ministers, World Economy, g20, Home News

Finance ministers and central bank heads from the group of 20 leading economies won't make a joint call for further fiscal stimulus at the end of thei...

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Brazil The One Country That Might Avoid Recession

Time | Tim Padgett and Andrew Downie | Posted 04.07.2009 | Business

Read More: Global Recession, Luiz Inacio Lula Da Silva, Brazil, Recession, World Economy, Business News

Brazil is no stranger to economic crises. In the 1970s and '80s, Latin America's economic giant turned financial mismanagement into an art form. The c...

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"I'm Sorry You're So Stupid:" Head of Iceland's Central Bank Refuses to Step Down

Iris Erlingsdottir | Posted 03.14.2009 | World

Read More: Iceland Banks, World Economy, Global Economy, Iceland Economy, Iceland National Bankruptcy, Economic Crisis, Iceland Economic Crisis, Banking Crisis, Financial Crisis, Iceland Global Economic Crisis, Global Financial Crisis, Iceland Financial Crisis, Iceland Economy Collapse, Iceland, Iceland Bank Crisis, Iceland Bankrupt, World News

According to the Financial Times, this dispute is further damaging Iceland's standing in the eyes of foreign investors, and may endanger the IMF's plans for saving Iceland's economy.

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Japanese Gang Members Feel Effects Of Recession

Globalpost | Justin McCurry | Posted 03.09.2009 | World

Read More: Globalpost, World Economy, Japanese Gangs, Economic Recession, Economic Crisis, Asian Markets, Economy, Yakuza, Japanese Economy, Japanese, Japan, Asia, Recession, Global Economic Crisis, Japan Recession, World News

TOKYO -- Kazuhiro Yamada may describe himself as an innocent victim of the recession, but he is unlikely to win much sympathy. Until he lost his j...

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It's Official: Iceland Has World's First Openly Gay PM

Iris Erlingsdottir | Posted 03.04.2009 | World

Read More: First Openly Gay Prime Minister, Economic Crisis, Iceland Economic Crisis, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, First Gay Prime Minister, Iceland Banks, World Economy, Iceland Economy, Gay Rights, Iceland Gay Prime Minister, Iceland National Bankruptcy, Financial Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Bank Crisis, Johanna Sigurdardottir, Johanna Sigurdardottir Iceland, Iceland's Pm Shows Gay Milestone, Iceland President Gay, Jonina Ledsdottir, Iceland Gay, World News

This is a milestone and another significant step towards the goal of judging our leaders on their abilities and their character, rather than on superficial distinctions.

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Davos and Global Warming

Frances Beinecke | Posted 03.02.2009 | Green

Read More: Davos, Klaus Schwab, Global Warming, Wen Jibao, China, Economic Crisis, Putin, World Economy, Environment, Davos 2009, World Economic Forum, Green News

The cynical rule of thumb is that the will to strengthen environmental protections dissolves as soon as the economy hits a downturn. The conversations at Davos reveal a far more complex reality.

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World Economy

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