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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: world economy

world economy stories: 31 news summaries

1 - 20 of 31 Stories | 1 2 Next >>

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Pittsburgh Braces for Big March After 66 Arrests

G20 protesters will take to the streets—legally

Sep 25, 09 10:19 AM CDT
(Newser) - Pittsburgh police are preparing for a big afternoon march today after arresting 66 people yesterday. One big difference: Today's march to protest the G-20 summit is sanctioned, and organizers are requiring demonstrators to pledge to behave. Yesterday and last night, a group of self-described anarchists tried to march downtown before... More »

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world economy • Pennsylvania • Subway • Pittsburgh • protesters • G-20

OPINION

 Bruni to G8: 
 Don't Let 
 Recession Kill 
 AIDS Funding 

We've made progress—now don't let economy destroy it

Jul 8, 09 10:36 AM CDT
(Newser) - Carla Bruni-Sarkozy gets in the op-ed game today, urging G8 leaders who are converging on L’Aquila, Italy, to continue the commitment their predecessors made 8 years ago to fighting HIV/AIDS in Africa. The earlier initiative helped the Global Fund to Fight Aids, Tuberculosis and Malaria save some 4 million... More »

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Africa • France • malaria • world economy • G8 summit • recession • HIV/AIDS • tuberculosis • Carla Bruni • economy • L'Aquila

 Obama to Host G20 
 in Pittsburgh 

Former steel capital showcases economic recovery: White House

May 28, 09 3:12 PM CDT
(Newser) - The Obama administration has picked Pittsburgh to host September’s G20 summit, where leaders representing 85% of the world’s economy will measure progress since the last meeting and discuss further action to curb the global crisis, the Post-Gazette reports. Hit hard by the steel industry’s decline, the revitalized... More »

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world economy • summit • Pittsburgh • G20 • President Obama

 IMF: Blame Europe for Longer Recession

EU policy blunders likely to result in longer slowdown for rest of world

Apr 23, 09 5:41 AM CDT
(Newser) - The European economy will sink deepest out of all global economies, bounce back slowest—and delay recovery for the rest of the world to boot, according to the IMF's latest forecast. The agency predicts the EU's economy—at $18 trillion, nearly a third of the world's total—will shrink 4%... More »

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European Union • world economy • recession • IMF • global economy • financial crisis

 India's Salvation 
 May Lie With Poor 

Rural growth picking up slack as industrial sector cools

Apr 10, 09 8:58 AM CDT
(Newser) - The new, high-tech India enjoyed a long boom, but the nation's path out of the global slowdown may lie with the legions of poor in old, rural India, the Wall Street Journal reports. The 700 million people who live in India's hinterland are still among the poorest people on the... More »

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India • world economy • caste system • Indian elections

Sarkozy: World Growth Must Come First

French prez urges
G20 to work for better kind of capitalism

Apr 1, 09 6:08 AM CDT
(Newser) - Today's G20 talks must focus on restarting global growth through a better-regulated form of capitalism, Nicolas Sarkozy writes in the Washington Post. The international financial system needs urgent restructuring, writes the French president, and confidence cannot be effectively restored unless reforms are carried out with a greater sense of morality... More »

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Nicolas Sarkozy • world economy • capitalism • global economy • G20 • financial crisis

(Newser) - The leaders of Russia and China laid the blame for the world's financial troubles squarely at the feet of the US today, the Wall Street Journal reports. In speeches at the world economic forum in Davos, both focused on the role of the dollar, with Putin calling the world's over-reliance... More »

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China • Russia • Vladimir Putin • world economy • Michael Dell • Wen Jiabao • Davos

OPINION

 Female Perspective 
 Sorely Lacking at Davos 

Gender equality slow to scale the Alps forum—and everyone's the worse for it

Jan 28, 09 3:45 PM CST
(Newser) - Women may be the ticket out of the global recession, but World Economic Forum leaders wouldn’t know it. The predominantly male organizers have invited few women—5% of announced attendees—to the exclusive Davos forum, a misstep for a meeting billed “Shaping the Post-Crisis World,” Morice Mendoza... More »

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women • Switzerland • world economy • gender gap • World Economic Forum • Davos • weakening economy • financial crisis

 Worldwide Downturn 
 Speeds Up Alarmingly 

Analysts don't expect recovery in 2009

Jan 24, 09 7:46 AM CST
(Newser) - The global economy is in a faster decline than economists predicted only weeks ago, as the bursting of the biggest-ever real-estate bubble hits real economies in Europe and Asia, killing millions of jobs and shutting businesses, the Washington Post reports. Britain just posted its biggest quarterly slump since 1980, while... More »

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China • South Korea • Germany • Europe • world economy • recession • Britain • weakening economy • downturn • financial crisis

Poll: 72% of World Cutting Spending

Economic malaise spreads to emerging markets, hits hard

Dec 23, 08 9:01 AM CST
(Newser) - Nearly three-quarters of households worldwide are cutting spending, with emerging markets particularly fretful about global economic woes, a 22-country survey found. Those countries are facing “precipitous decline," putting “in check any notion of 'decoupling’”—the idea that emerging markets are working independently of those of... More »

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world economy • consumer confidence • consumer spending • emerging markets • developed countries • financial crisis

OPINION

Collapsing Nations Threaten to Be Obama's First Crisis

Imploding world economies would demand tough foreign policy choices

Dec 12, 08 3:10 PM CST
(Newser) - Barack Obama's first major foreign policy crisis threatens to be no less that the complete collapse of a large and unstable nation, Marc Ambinder writes in the Atlantic. The transition team has so far been silent—in public, anyway—on the prospect, but there are indications they are convinced the... More »

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Barack Obama • world economy • foreign policy • Obama administration • financial crisis • civil unrest • transition team • President Obama

 Youths Flee Struggling Iceland 

Ailing economy forcing mass exodus

Dec 2, 08 3:49 PM CST
(Newser) - Iceland faces its largest exodus in a century as job seekers flee the ailing nation, which is steeped in its worst financial crisis since independence. One survey estimates about half of Icelanders between 18 and 24 plan are thinking about leaving the country for Norway and other relatively strong economies.... More »

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inflation • world economy • unemployment • Iceland • banking • weakening economy • financial crisis

In Rare Move, Luxury Goods Peddlers Cut Prices

Economic downturn forces 'creative' thinking

Nov 14, 08 9:47 AM CST
(Newser) - Facing a worldwide economic downturn, some makers of luxury goods—designer clothes, bags, shoes—are breaking with long-held tradition and trimming prices in the US, the Wall Street Journal reports. Companies such as Chanel, Versace, and Chloe are making cuts of up to 10%. Still, when image is key, purveyors... More »

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fashion • world economy • price cut • US dollar • fashion label

Deflation Danger Looms as World Economy Slows

Falling prices
could trigger long
downward spiral

Nov 1, 08 5:11 AM CDT
(Newser) - Fears of runaway inflation have been replaced by fears of its opposite as the world's economy starts seizing up, the New York Times reports. Economists see a potentially devastating deflation ahead as cash-strapped consumers create a glut of underpriced, unpurchased goods and services—in turn triggering mass layoffs at struggling... More »

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world economy • deflation • consumer prices • Japanese economy • Great Depression • commodity prices • financial crisis

British PM Adds Obama Clip in Bid to Boost Popularity

Brown faces revolt from within his ruling Labour party

Sep 23, 08 1:00 PM CDT
(Newser) - Gordon Brown sought to capture some of Barack Obama’s political celebrity today, the AP reports, with the embattled British prime minister showing a gathering of his Labour Party old footage of the Illinois senator praising him. Brown faces a slumping economy, and elements within Labour would like to see... More »

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Barack Obama • Gordon Brown • England • world economy • Britain • weakening economy

Darling: British Economy Is at 60-Year Low

UK economic chief bluntly warns of harder times ahead

Aug 30, 08 10:29 AM CDT
(Newser) - The outlook for Britain's economy is the bleakest since the days when the country was rebuilding from the Blitz, Chancellor Alistair Darling tells the Guardian. Darling warns that the downturn for the UK and the wider world could be "more profound and longer-lasting" than people expect. He acknowledges that... More »

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Gordon Brown • world economy • Labour Party • recession • credit crisis • Alistair Darling • economy • downturn

 World Economy
 Falls With US

Nations hit hard by mortgage crisis, high fuel costs

Aug 24, 08 4:53 AM CDT
(Newser) - Gone is the hope that the global economy will stay strong as America's financial fortunes flag. The world’s largest economies are showing signs of a slowdown, the New York Times reports. Japan, Germany, France, Italy, Spain, the UK, even famously fast-growing India and China are all taking a hit.... More »

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economic growth • world economy • global economy

European Unity Threatened by Economic Slowdown

Slowdown in Spain is representative of the EU's growing economic ills

Aug 12, 08 11:50 AM CDT
(Newser) - Europe seems to be catching the economic malaise that has already affected the US, and the downturn is putting a damper on member nations' enthusiasm for the 15-year-old Economic Union, the Washington Post reports. Revised projections show European economies slowing down as much, if not more, than the US over... More »

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Spain • European Union • world economy • credit crisis • housing bubble • weakening economy

analysis

 US Economy Isn't
 Bouncing Back 

Fed cuts, stimulus package won't do the trick

Jun 8, 08 5:11 PM CDT
(Newser) - Forget those predictions of a US economic revival in 2008, Daniel Gross writes in Newsweek. The four horsemen of the economy—credit and housing crises, food and energy prices—are getting meaner, while booming commodities and crunching credit are curbing attempts to fight back. "As a result, the consumer-driven... More »

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Wall Street • world economy • US economy • gas prices • credit crisis • food prices • commodities • subprime crisis • weakening economy • economy

Agency Cuts Oil-Demand Forecast

Projected growth worldwide at lowest level since 9/11 attacks

Apr 11, 08 10:21 AM CDT
(Newser) - The projected growth in the demand for oil worldwide is at its lowest level since the Sept. 11 terrorist attacks, but don't expect any any price relief, reports the Wall Street Journal. The IEA pegs projected growth at 1.3 million barrels a day, down 35% from its projection in ... More »

MORE ABOUT:
OPEC • world economy • crude oil • IEA

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