The former presidents of Ghana and Brazil are being recognized for their contributions in the fight against hunger. John Agyekum Kufuor and Luis Inacio Lula da Silva will be awarded the World Food Prize later Thursday during a ceremony in Des Moines, Iowa. The World Food Prize organization says it chose Mr. Kufuor and Mr. […]
Food Prize Honors Former Ghanaian, Brazilian Leaders
Posted October 13th, 2011 at 10:10 am (UTC-5)
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UN: Food Prices Dropped Sharply in September
Posted October 6th, 2011 at 7:30 am (UTC-5)
The United Nations says world food prices dropped sharply in September, though prices remain generally higher than they were a year ago. The U.N. Food and Agriculture Organization says its monthly Food Price Index, released Thursday, was down 2 percent from August. It says the drop reflected falling prices for most commodities, with the cost […]
Analysts Disappointed by IMF, World Bank Meeting
Posted September 26th, 2011 at 10:10 am (UTC-5)
Recent efforts by the International Monetary Fund and the World Bank to help Europe deal with government debt problems got mixed reviews on Monday. Oil prices posted modest gains as investors bet that resolving the issue would boost the economy and increase energy demand and prices. Prices on world stock markets were mixed. After days […]
Sunken World War II Merchant Ship Found
Posted September 26th, 2011 at 8:00 am (UTC-5)
A 1941 casualty of war has been located off the coast of Britain. The British merchant ship was torpedoed by a German U-boat while carrying 200 tons of silver. The silver was to help fund the British war effort. Odyssey Marine — an American underwater salvage firm — announced Monday it had located the S.S.Gairsoppa […]
IMF Stresses Coordinated Action To Tackle Global Financial Dangers
Posted September 24th, 2011 at 4:09 pm (UTC-5)
Top officials from two of the world’s largest economies are urging Europe to move now in order to stop the continent’s debt crisis from undermining the global economy. U.S. Treasury Secretary Timothy Geithner and China’s central bank governor Zhou Xiaochuan delivered their warnings during speeches to leaders of the International Monetary Fund Saturday. Geithner called […]
US, China Warn Europe Time for Financial Action is Now
Posted September 24th, 2011 at 2:39 pm (UTC-5)
Top financial officials from two of the world’s largest economies are urging Europe to move now in order to stop the continent’s debt crisis from undermining the global economy. U.S. Treasury Secretary Timothy Geithner and China’s central bank governor Zhou Xiaochuan delivered their warnings during speeches to leaders of the International Monetary Fund Saturday. Geithner […]
More Aid Coming to African Drought Victims
Posted September 24th, 2011 at 1:10 pm (UTC-5)
Starving refugees in the drought-stricken Horn of Africa could soon be getting more help. The World Bank Saturday said it is increasing aid to the region to $1.88 billion, which includes $500 million already allocated to relief efforts. World Bank President Robert Zoellick said the goal is to help victims of the current drought and […]
US Warns Europe Time for Financial Action is Now
Posted September 24th, 2011 at 11:18 am (UTC-5)
The top U.S. finance official is sending a warning to his European counterparts, telling them they must act now to stop the continent’s debt crisis from spreading. U.S. Treasury Secretary Timothy Geithner told leaders of the International Monetary Fund Saturday that European governments must work closely with the European Central Bank to make sure no […]
IMF: Politics Threatening Global Financial Stability
Posted September 21st, 2011 at 10:51 am (UTC-5)
The International Monetary Fund warns “time is running out” to take care of financial problems that could throw the global economic recovery into reverse. The IMF issued its bleak assessment Wednesday as part of its semi-annual Global Financial Stability report. It said political bickering and rising debt levels are the biggest problems, and are combining […]
IMF: World Economy Entering ‘Dangerous New Phase’
Posted September 20th, 2011 at 12:10 pm (UTC-5)
The International Monetary Fund is sharply downgrading its outlook for the global economy, saying it is entering a “dangerous new phase.” The IMF said Tuesday that the recovery from the world recession has “weakened considerably,” and cut its growth forecasts for almost every geographic region. It said that the overall global economy will grow by […]
