1.Despite major stimulus packages announced by advanced economies and several emerging markets, trade volumes have shrunk rapidly, while production and employment data suggest that global activity continues to contract in the first quarter of 2009, the IMF says in a new assessment of the global economy. Advanced Economies to Contract Sharply in 09, Upturn Next …
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1.With unemployment soaring, many European Union countries want the migrant workers they once attracted to go home as quickly as possible. They are sparing no expense or effort to encourage them to leave. Europe Falls Out of Love with Labor Migration 2. Interactive Map: How is the economic crisis affecting the European Union? This map …
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1.Ghost Town: An American Nightmare – Wilmington, a small town in America’s Midwestern rust belt, was home to the world’s largest private airport. Then recession struck. Olivia Fincato reports.Wilmington, a small town in America’s Midwestern rust belt, was home to the world’s largest private airport. Then recession struck. 2. The global financial crisis slashed the …
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1. General Motors is preparing a fresh barrage of discounts and other promotions to coax Americans into buying more cars after an upcoming US government decision on further financial aid to the Detroit motor industry. The incentives will be designed to counter a slump in sales and GM’s market share, amid signs on both sides …
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1. While oil prices skyrocketed, Russia was flooded with cash. But with sinking prices and the economic crisis, hopes are diminishing and tensions are rising in this recently robust industrial city that finds itself grinding to a halt.A Russian City Goes from Boom to Gloom 2.Can 1,000 professors be wrong? That’s how many were asked …
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