The German economy could lose up to 215,000 jobs in 2009 amid the global economic crisis, Germany's Bild newspaper said on Friday, citing a survey it compiled.
Read more »215,000 German jobs threatened by crisis: Report
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Japan in the red, joins club of nations in crisis
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Japan's economy slid into a recession for the first time since 2001, the government said on Monday, as companies sharply cut back on spending in the third quarter amid the unfolding global financial crisis.
Read more »Zardari says there is no judicial crisis in Pak
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Asserting that there is no judicial crisis in Pakistan, President Asif Ali Zardari has said the deposed judges, including ex-Chief Justice Iftikhar M Chaudhry, should contest polls instead of issuing political statements.
Read more »PM blames 'three failures' for global financial crisis
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Prime Minister Manmohan Singh on Friday blamed "failure" of international surveillance, supervision and regulatory mechanisms for the current global financial crisis and sought immediate "coordinated action" to restore confidence and "de-clog" the credit market.
Read more »Indian shares on US bourses defy crisis, gain $7 bn
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Even as the Indian markets took a beating this week, their counterparts listed on American bourses gained nearly $7 billion, defying the worldwide market gloom.
Read more »US to host global finance crisis summit
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United States President George W Bush and French President Nicolas Sarkozy said on Saturday that an emergency global summit on the finance crisis will be held in the US, possibly before the end of November.
Read more »Financial crisis may escalate food prices worldwide: UN
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The global financial crisis is exacerbating concerns about surging food and fuel costs, which has pushed 75 million into poverty, the United Nations chief said on Thursday, terming the turmoil a "colossal human tragedy".
Read more »World Financial Crisis: India's Hurting, Too
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It's been one action-packed week in India. The Bombay Stock Exchange Index, or Sensex, tumbled 6% to a two-year low. For the first time in five years, the central bank cut the cash reserve ratio—the amount of funds that banks have to keep with the Reserve Bank of India—by 50 basis points, to 8.5%, on Oct. 6.
Read more »Indo-US nuke deal will trigger a 'new crisis': Iran
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Under pressure over its atomic programme, Iran on Sunday warned that the Indo-US nuclear deal has "endangered" the Non-proliferation Treaty (NPT) and will trigger a "new crisis" for the international community.
Read more »N Korea buys arms worth $65 mn despite food crisis: Report
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North Korea has purchased weapons worth about USD 65 million over the past five years despite its severe food shortages, a South Korean lawmaker said on Monday.
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