World Economy

World Economy Deteriorating Faster Than Expected

Washington Post | Anthony Faiola | Posted 02.24.2009 | Business


The world economy is deteriorating more quickly than leading economists predicted only weeks ago, with Britain yesterday becoming the latest nation to...

What's Next for Iceland: Ensuring a Fair Election in May

Iris Erlingsdottir | Posted 02.23.2009 | World


Iris Erlingsdottir

Our only hope now is a peaceful transition from a corrupt plutocracy to the responsible liberal democracy we had fooled ourselves into believing we already had.

Iceland Is Burning -- Day 2

Iris Erlingsdottir | Posted 02.21.2009 | World


Iris Erlingsdottir

The extensive protests that shook Iceland Tuesday have continued into Wednesday and are beginning to have an effect on one of the two political parties making up Iceland's coalition government.

Pope Appeals For "Authentic Solidarity" To Stop Global Ruin

AP | FRANCES D'EMILIO | Posted 01.25.2009 | World


VATICAN CITY — Pope Benedict XVI urged a world confronting a financial crisis, conflict, and increasing poverty not to lose hope at Christmas, b...

Russian Oligarchs Losing A Ton In Financial Meltdown (SLIDESHOW)

Business Sheet | Kamelia Angelova | Posted 01.03.2009 | Business


In the past decade, while you were trying to survive the dotcom collapse and $4 gas, commodity-owning Russia was getting rich (well, some Russians, an...

World leaders at economic summit vow to cooperate

AP | JENNIFER LOVEN | Posted 12.15.2008 | Business


WASHINGTON — World leaders battling a dire and deepening economic crisis vowed Saturday to cooperate more closely, keep a sharper eye out for re...

The New Africa, the New America

Alan Patricof | Posted 12.13.2008 | Business


Alan Patricof

After Obama's win, in Kenya, unlike when I last visited, there no heavy debates, but constructive dialogue about America resuming the role of leading the world.

Does Travel Really Matter Anyway?

Kim Mance | Posted 12.11.2008 | Living


Kim Mance

Travel activates parts of ourselves that might otherwise remain dormant; it also relieves fears, and promotes understanding.

Muhammad Yunus and the Financial Crisis: The Human Element

Vivian Norris de Montaigu | Posted 12.07.2008 | Business


Vivian Norris de Montaigu

Perhaps the silver lining in this financial crisis is that we will start focusing on the human part of how we will build a more sustainable future.

Japan PM: "Harsh Storm" Threatens Global Economy

Reuters | Burton Frierson and Christian Plumb | Posted 11.30.2008 | Business


The U.S. economy contracted in the third quarter as the financial crisis raged, while Japan and Germany said they would spend billions of dollars to p...

World markets rally, led by Latam, Asia

AP | PAN PYLAS | Posted 11.30.2008 | Business


LONDON — World stock markets were stronger Thursday led by sharp rallies in Asia and Latin America after the U.S. Federal Reserve said it would ...

Are We Rome? Naaah.

Billy Kimball | Posted 11.29.2008 | Politics


Billy Kimball

It appeals to my vanity to believe, as Maureen Dowd and Sarah Palin do, that we are living in the End of Days; but the facts suggest that the American Century may very well give way to the American Millennium.

Asian stocks extend gains after Wall Street rally

AP | JEREMIAH MARQUEZ | Posted 11.28.2008 | Business


HONG KONG — Asian stock markets extended a global rally Wednesday after an overnight surge on Wall Street as investors awaited possible interest...

Anger Management

Sheri and Allan Rivlin | Posted 11.27.2008 | Politics


Sheri and Allan Rivlin

The level of anger nearly always rises in the closing weeks of a national election. Elections are hard fought. But this year, the financial crisis is adding a whole new level.

World markets dodge another day of sharp losses

AP | CARLO PIOVANO | Posted 11.27.2008 | Business


LONDON — World stocks took another beating Monday, although some markets showed resilience by bouncing off session lows, as global economic gloo...

Greed and Growth: New Priorities for a Stable Future

Jessica Catto | Posted 11.24.2008 | Green


Jessica Catto

What we need is a new attitude toward world wealth and what constitutes it. Not an easy task. The world is intermeshed as never before.

World markets slump on recession fears

AP | CARLO PIOVANO | Posted 11.24.2008 | Business


LONDON — World stock markets tumbled Friday on growing alarm that a global recession will ravage corporate profits and push smaller developing e...

Australia's ANZ Bank's profit drops 21 percent

AP | KRISTEN GELINEAU | Posted 11.23.2008 | Business


SYDNEY, Australia — Australia & New Zealand Banking Group Ltd. reported a 21 percent decline in annual profit Thursday as soaring charges for ba...

Brazilian Stock Market Halts Trading As Bovespa Index Plummets (PHOTOS)

AFP | Posted 11.22.2008 | Business


SAO PAULO (AFP) - Trading on Brazil's stockmarket, the biggest in Latin America, was automatically suspended Wednesday when the main Bovespa index plu...

Don't Kill the Planet in the Name of Saving the Economy

Johann Hari | Posted 11.20.2008 | Green


Johann Hari

To get out of the credit crunch, we need a big package of job creation and economic stimulus. To get out of the climate crunch, we need an army of millions of new workers -- and billions in public spending.

The International Fight Over The Future Of Capitalism

Wall Street Journal | John D. McKinnon | Posted 11.20.2008 | Business


WASHINGTON -- A planned international summit on the financial crisis is turning into a debate over the future shape of capitalism, with European leade...

Dow ends up 401 in another stunning U-turn

AP | ELLEN SIMON | Posted 11.16.2008 | Business


NEW YORK — A stock market as difficult to fathom as it is volatile pulled off another stunning U-turn on Thursday, transforming a 380-point loss...

Asian markets tumble; Nikkei falls 10 percent

AP | JEREMIAH MARQUEZ | Posted 11.15.2008 | Business


HONG KONG — Asian stocks plummeted Thursday, with Tokyo's market plunging more than 10 percent, after another dive on Wall Street as worse-than-...

Relieved Traders Enjoy Rebound Monday (SLIDESHOW)

The Huffington Post | Nour Akkad | Posted 11.13.2008 | Business


A week, two weeks, three -- it's hard to even think about how many consecutive weeks of bad, terrible and even horrifying news have come across the bu...

Iceland Looks For Overseas Help In Dire Financial Crisis

Reuters | Posted 11.13.2008 | Business


REYKJAVIK (Reuters) - Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financia...