Currently browsing : financial crisis
11th January, 2013
Unemployment, it’s now
Unemployment across the Eurozone hit a new high with the number of jobless people in the region rising to 18.8 million.
Unemployment across the Eurozone hit a new high with the number of jobless people in the region rising to 18.8 million.
6th December, 2012
Citigroup to cut 11,000 jobs, a familiar story
The bulk of the four per cent cut in Citi's workforce, about 6,200 jobs, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.
The bulk of the four per cent cut in Citi's workforce, about 6,200 jobs, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.
30th November, 2012
Five films about the financial crisis you can bank on
A lot of movies have tried to get their arms around this complicated topic that affected every single one of us in some way.
A lot of movies have tried to get their arms around this complicated topic that affected every single one of us in some way.
12th May, 2012
JPMorgan faces new scrutiny after $2bn loss
Chase's shares pummelled and politicians blasted its CEO after the bank reported a shock $2-billion derivatives loss.
Chase's shares pummelled and politicians blasted its CEO after the bank reported a shock $2-billion derivatives loss.
7th February, 2012
‘Economic diplomacy’ at Davos
BELEAGUERED PM Gilani’s government might find it hard to list benefits of a high profile participation in the World Economic Forum late last month. Many consider the voyage to the Alpes an avoidable waste of public resources.
BELEAGUERED PM Gilani’s government might find it hard to list benefits of a high profile participation in the World Economic Forum late last month. Many consider the voyage to the Alpes an avoidable waste of public resources.
30th November, 2011
As debt crisis deepens, Islamic finance booms
MANAMA: Chicago native Mariam Khan never considered Islamic banking until her husband moved the family to Dubai in 2007. But the 36-year-old housewife is a…
MANAMA: Chicago native Mariam Khan never considered Islamic banking until her husband moved the family to Dubai in 2007. But the 36-year-old housewife is a…
8th November, 2011
‘Occupy’ protesters mint their own colouring book
CHICAGO: Anti-Wall Street protesters have a new way to pass the time: an “Occupy” colouring book complete with songs and a visit from Robin Hood.…
CHICAGO: Anti-Wall Street protesters have a new way to pass the time: an “Occupy” colouring book complete with songs and a visit from Robin Hood.…
28th October, 2011
Senators support anti-capitalism movement
Senator Raza Rabbani said institutions like the IMF have been pursuing the policy of privatisation since long which has resulted in economic recession and unemployment in the world.
Senator Raza Rabbani said institutions like the IMF have been pursuing the policy of privatisation since long which has resulted in economic recession and unemployment in the world.
1st October, 2011
Michael Moore bemoans US wealth, poverty paradox
Michael Moore, clad in customary baseball cap, a black T-shirt, baggy trousers and white sneakers, strolled into the neo-Gothic splendour of Georgetown University's Gaston Hall and began to preach.
Michael Moore, clad in customary baseball cap, a black T-shirt, baggy trousers and white sneakers, strolled into the neo-Gothic splendour of Georgetown University's Gaston Hall and began to preach.
22nd September, 2011
Today’s financial crisis nothing to Renaissance Florence
FLORENCE: Banks failing and states overwhelmed by debt — not the panicked headlines of newspapers around the globe today but events dating back to Renaissance…
FLORENCE: Banks failing and states overwhelmed by debt — not the panicked headlines of newspapers around the globe today but events dating back to Renaissance…
19th September, 2011
Pakistan Steel in dire straits; liability Rs110bn
ISLAMABAD: The Pakistan Steel Mills is facing a severe financial crisis with its liabilities exceeding Rs110 billion and production dropping to 18 per cent…
ISLAMABAD: The Pakistan Steel Mills is facing a severe financial crisis with its liabilities exceeding Rs110 billion and production dropping to 18 per cent…
7th September, 2011
Battle under way for soul of ‘United States of Europe’
Star economists and former national leaders now happily argue that resolving the eurozone debt crisis will eventually demand a transfer of sovereignty to create a fully-fledged United States of Europe.
Star economists and former national leaders now happily argue that resolving the eurozone debt crisis will eventually demand a transfer of sovereignty to create a fully-fledged United States of Europe.
22nd August, 2011
The spillover effect
NOTWITHSTANDING the jitters sent across the globe by a possible slide of the US into a double-dip recession and a deepening debt crisis in Europe,…
NOTWITHSTANDING the jitters sent across the globe by a possible slide of the US into a double-dip recession and a deepening debt crisis in Europe,…
18th August, 2011
Biden tells China cooperation key for global economy
"I am absolutely confident that the economic stability of the world rests in no small part on cooperation between the United States and China."
"I am absolutely confident that the economic stability of the world rests in no small part on cooperation between the United States and China."
10th August, 2011
Asia in balancing act as prices rise, growth dims
SINGAPORE: Asia batted away the global recession sparked by the 2008 financial crisis. Fending off the latest wave of market turmoil may prove tougher. World…
SINGAPORE: Asia batted away the global recession sparked by the 2008 financial crisis. Fending off the latest wave of market turmoil may prove tougher. World…
8th August, 2011
We all fall down
Photos by agencies.…
Photos by agencies.…
8th August, 2011
Asia would be hit harder by a second global crisis
SYDNEY: A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets…
SYDNEY: A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets…
5th August, 2011
Untangling paradoxes in the debt crisis
For the average observer, the unfolding world economic crisis offers some bewildering paradoxes: untangling them however, helps give a clearer picture of the true state of play.
For the average observer, the unfolding world economic crisis offers some bewildering paradoxes: untangling them however, helps give a clearer picture of the true state of play.
12th March, 2011
Wisconsin governor signs anti-union rights bill
MADISON: Wisconsin Gov. Scott Walker on Friday signed into law the controversial bill that eliminates most union rights for public employees, delivering an epic defeat…
MADISON: Wisconsin Gov. Scott Walker on Friday signed into law the controversial bill that eliminates most union rights for public employees, delivering an epic defeat…
19th February, 2011
G-20 close in on imbalance indicators
PARIS: Finance chiefs of the world’s dominant economies are close to agreeing on how to track dangerous imbalances in the global economy, part of the…
PARIS: Finance chiefs of the world’s dominant economies are close to agreeing on how to track dangerous imbalances in the global economy, part of the…
