Financial leaders of the world’s most developed nations are haggling over ways to revive the faltering global economy at a time when interest rates are already low and government debt is high. Central bank chiefs and finance ministers from G7 nations gathered Friday for talks in Marseille, France. Some argue that cutting debt is urgent, […]
G7 Ministers Haggle Over Ways To Bolster Global Economy
Posted September 9th, 2011 at 3:06 pm (UTC-5)
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IMF Chief: Bold Action Needed in World Economies
Posted September 9th, 2011 at 9:36 am (UTC-5)
The head of the International Monetary Fund is urging national leaders to act quickly and boldly to counter a crisis of confidence that is hurting the global economy. IMF Managing Director Christine Lagarde spoke Friday ahead of a gathering of top economic officials from the world’s leading industrialized nations. She said central banks should keep […]
US Falls, China Gains in Competitive Economies List
Posted September 7th, 2011 at 9:41 am (UTC-5)
Switzerland is still the world’s most competitive economy, but China and other emerging countries are gaining ground, according to a study published Wednesday by the World Economic Forum. The WEF says Switzerland benefits from good infrastructure and financial markets, and transparent government. The United States fell to fifth place in the rankings, while China moved […]
Switzerland Most Competitive Economy; US Falls To Fifth
Posted September 7th, 2011 at 9:36 am (UTC-5)
Switzerland is still the world’s most competitive economy, but China and other emerging countries are gaining ground, according to a study published Wednesday by the World Economic Forum. The WEF says Switzerland benefits from good infrastructure and financial markets, transparent government and transparent government. The United States fell to fifth place in the rankings, while […]
World Bank Chief Sees Risks But No Double-Dip
Posted September 6th, 2011 at 3:06 am (UTC-5)
World Bank President Robert Zoellick says he believes the world will avoid sliding into a second recession. Zoellick made the remark Tuesday to reporters in Singapore, where he is attending an economic conference amid plummeting world stock prices and worries over a slowdown in U.S. economic growth. Zoellick said he believes the United States and […]
Zoellick To China: More Domestic Sales, Fewer Exports
Posted September 5th, 2011 at 11:00 am (UTC-5)
The head of the World Bank is urging China to do more to develop its domestic market and put less reliance on investment and exports. Ending a visit to Beijing Monday, Robert Zoellick said it is “hard to see” how export-led growth will help China over the next 10 years. Bolstering the domestic demand requires […]
American Becomes Youngest Triple Jump World Champ In History
Posted September 4th, 2011 at 2:25 pm (UTC-5)
A 21-year-old American is now the youngest triple jump world champion in history. Christian Taylor, an athlete from the University of Florida, struck gold at the last day of the International Association of Athletics Federations World Championship in Daegu, South Korea. He leapt 17.96 meters to take the gold medal, the fifth-best triple jump of […]
American Becomes Youngest Triple Jump World Champ In History
Posted September 4th, 2011 at 2:05 pm (UTC-5)
A 21-year-old American is now the youngest triple jump world champion in history. Christian Taylor, an athlete from the University of Florida, struck gold at the last day of the International Association of Athletics Federations World Championship in Daegu, South Korea. He leapt 17.96 meters to take the gold medal, the fifth-best triple jump of […]
Manufacturing Slows Across the Globe
Posted September 1st, 2011 at 11:55 am (UTC-5)
New reports show that manufacturing slowed across much of the globe in August, fueling new fears of a worldwide economic downturn. One survey Thursday showed that manufacturing in the United States, the world’s biggest economy, advanced slightly last month, but at a slower pace than in July. Elsewhere, the story was much the same, or […]
World Bank Chief Warns of New Danger Ahead
Posted August 13th, 2011 at 12:40 pm (UTC-5)
The president of the World Bank is warning the world’s already troubled economic recovery is in even greater trouble. World Bank chief Robert Zoellick told The Weekend Australian newspaper the global economy has entered what he called a “new and more dangerous phase.” In the interview, published Saturday, Zoellick put most of the blame on […]
