The International Monetary Fund is sharply downgrading its outlook for the U.S. and European economies on fears that Europe will not be able to solve its governmental debt crisis. The IMF said Tuesday that the overall global economy will grow by 4 percent this year and next, fueled by rapid expansion in China, India and […]
IMF Downgrades Its Outlook for US, European Economies
Posted September 20th, 2011 at 9:57 am (UTC-5)
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European, Asian Markets Tumble on Greek Default Fears
Posted September 12th, 2011 at 4:37 pm (UTC-5)
European and Asian stock markets fell Monday and the value of the euro plunged as investors worry that Greece would not be able to pay back its bailout loans. European shares hit their lowest point in more than two years, with exchanges in London, Paris and Frankfurt all falling sharply. German Economy Minister Philipp Roesler […]
World Markets Tumble on Greek Default Fears
Posted September 12th, 2011 at 11:02 am (UTC-5)
World stock markets and the value of the euro plunged Monday as investors worried that Greece would not be able to pay back its bailout loans. European shares hit their lowest point in more than two years, with exchanges in London, Paris and Frankfurt all falling sharply. German Economy Minister Philipp Roesler said Europe could […]
World Markets Tumble on Greek Default Fears
Posted September 12th, 2011 at 9:07 am (UTC-5)
World stock markets and the value of the euro plunged Monday as investors worried that Greece would not be able to pay back its bailout loans. European shares hit their lowest point in more than two years, with exchanges in London, Paris and Frankfurt all falling sharply. German Economy Minister Philipp Roesler said Europe could […]
World Markets Tumble on Greek Default Fears
Posted September 12th, 2011 at 4:50 am (UTC-5)
Fears that Greece will not be able to meet the terms of bailout loans agreed to last year have sent world stocks tumbling and sharply lowered the value of the euro. Markets in Asia were down sharply, with the key Hong Kong index off more than four percent. European indices opened lower and kept on […]
People Around the World Remember September 11 Attacks
Posted September 11th, 2011 at 5:05 pm (UTC-5)
People around the world have somberly marked the 10th anniversary of the September 11 attacks on the United States which killed almost 3,000 people in a single day in New York, Washington, and rural Pennsylvania. Citizens from 90 different nations died that day, including 67 Britons. In London, Prince Charles and Prime Minister David Cameron […]
People Around the World Remember Sept. 11 Attacks
Posted September 11th, 2011 at 12:05 pm (UTC-5)
People around the world have somberly marked the 10th anniversary of the September 11 attacks on the United States that killed almost 3,000 people in one day. World leaders and citizens took time to recall the horrific attacks that left nationals from about 90 countries dead after planes crashed into New York’s World Trade Center, […]
People Around the World Remember Sept. 11 Attacks
Posted September 11th, 2011 at 9:20 am (UTC-5)
People around the world have somberly marked the 10th anniversary of the September 11 attacks on the United States that killed almost 3,000 people in one day. World leaders and citizens took time to recall the horrific attacks that left nationals from some 90 countries dead after planes crashed into New York’s World Trade Center, […]
G8 Nations Discuss Aid After Arab Spring Uprisings
Posted September 10th, 2011 at 6:40 am (UTC-5)
Finance ministers and central bankers from the world’s most developed nations are meeting in Marseilles, France for a second day of discussions on ways to revive the faltering global economy. The officials from the Group of Seven nations plus Russia tacked a second day of talks Saturday onto Friday’s G7 meeting to pledge assistance to […]
Developed Nations Struggle to Restore Growth
Posted September 9th, 2011 at 6:35 pm (UTC-5)
Finance ministers and central bankers from the world’s most developed nations have held a round of talks in Marseille, France to discuss ways to revive the faltering global economy. The officials from the Group of Seven nations held their discussions Friday amid warnings that leading industrialized economies were at risk of heading back into recession […]
