recessions

Canadian dollar at three-year high


February 26th, 2011 - 12:26 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 26 (IANS) The Canadian dollar Friday rose to its highest level against the US greenback in three years as the Toronto Stock Exchange surged with investors returning after ... Read more...

Posted in Business |

480-year-old store forced to close doors in Britain


July 9th, 2010 - 3:58 pm ICT by IANS
London, July 9 (IANS) A 480-year-old shop in Britain, which survived two world wars, two depressions and three recessions, is finally closing down its shutters. King Henry VIII was on the throne when ... Read more...

Posted in Business |

President Obama says pay parity remains far from reality


June 10th, 2010 - 10:32 pm ICT by BNO News
WASHINGTON D.C. (BNO NEWS) – President Barack Obama said that pay parity in the United States is far from reality as women earn only 77 cents per dollar earned by men.Obama's remarks ... Read more...

Posted in World News |

Financial crunch causes stress in more than a Brit million homes


May 29th, 2010 - 5:28 pm ICT by ANI
London, May 29 (ANI): More than a million British households are facing stress at home with rows amongst couples becoming more and more frequent because of money related woes.With lifestyles taking a ... Read more...

Posted in World |

India’s budget: NRIs wake up and smell the coffee (Comment)


February 28th, 2010 - 2:41 pm ICT by IANS
By Kul Bhushan India's budget yet again demonstrates to NRIs that investing in their homeland is probably the best option right now. The West is still struggling to climb out of one of ... Read more...

Posted in Business |

G-20 reflects growing importance of India, China: Obama


February 12th, 2010 - 12:33 pm ICT by IANS
By Arun Kumar Washington, Feb 12 (IANS) President Barack Obama has told the US Congress that the key role given to the Group of 20 (G-20) leading economies in the global financial ... Read more...

Posted in Business |

President Obama announces tax cuts for small businesses


January 30th, 2010 - 4:01 am ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) – President Obama on Friday announced new proposal to create jobs and cut taxes for small businesses.At the Chesapeake Machine Company in Baltimore, Maryland, President Obama announced the ... Read more...

Posted in Business |

One in 10 Brit teens branded ‘Neet’


November 20th, 2009 - 5:28 pm ICT by ANI
London, Nov 20 (ANI): One in 10 British teenagers is unemployed and not in education, according to latest official figures.The Government has a target to reduce the proportion of young people ... Read more...

Posted in World |

EU budget for 2010 to increase by six percent


November 19th, 2009 - 8:02 am ICT by IANS
Brussels, Nov 19 (DPA) Following tough negotiations, European Union (EU) governments and the European Parliament have agreed on the bloc's budget for 2010. A decision was reached to increase expenditure by six percent ... Read more...

Posted in Business |

US economy grows for the first time in a year


October 29th, 2009 - 9:01 pm ICT by IANS
By Arun Kumar Washington, Oct 29 (IANS) For the first time in a year, the US economy grew at a 3.5 percent annual rate in the third quarter, ending a string of declines ... Read more...

Posted in Business |

World out of recession, says IMF


October 1st, 2009 - 1:57 pm ICT by IANS
Istanbul, Oct 1 (DPA) The world economy has pulled out of its worst recession since World War II and will stage a sluggish recovery in the coming year, the International Monetary Fund ... Read more...

Posted in World |

The Great Depression helped prolong life expectancy


September 29th, 2009 - 5:46 pm ICT by IANS
Washington, Sep 29 (IANS) The Great Depression that ruined millions of families in the US during the thirties also saw life expectancy go up by 6.2 years, according to a latest research. ... Read more...

Posted in Sci-Tech |

Life expectancy increased by 6.2 years in U.S. during Great Depression


September 29th, 2009 - 4:23 pm ICT by ANI
Washington, September 29 (ANI): A University of Michigan study has shown that U.S. life expectancy increased by 6.2 years during the Great Depression.Published in the Proceedings of the National Academy of ... Read more...

Posted in Life Style |

Indian fashion industry going innovative to survive recession’s onslaught


July 25th, 2009 - 11:11 pm ICT by ANI
Bangalore, July 25 (ANI): As industries around the world are adapting cost cutting techniques to survive affect of recession, the Indian fashion industry is gearing up itself to survive recessions' onslaught.Designers ... Read more...

Posted in National |

Many mint money from Jackson’s death


July 3rd, 2009 - 12:51 pm ICT by IANS
Los Angeles, July 3 (IANS) Scammers are out to cash in on the death of the King of Pop Michael Jackson. Immediately after his death last week, the Michael Jackson memorabilia went ... Read more...

Posted in Entertainment |

EU expects recession until 2011


May 4th, 2009 - 4:42 pm ICT by IANS
Brussels, May 4 (DPA) The European Union is facing a recession until at least 2011, with the bloc's economy set to contract by 0.1 percent in 2010 following a worse-than-expected slump of ... Read more...

Posted in Business |

World Bank to hasten reforms to give more voice to developing world


April 27th, 2009 - 10:52 am ICT by IANS
By Arun Kumar Washington, April 27 (IANS) The World Bank has agreed to accelerate reforms by its spring meeting in 2010 to give more voice to developing countries as demanded by India and ... Read more...

Posted in Business |

Global crisis imperils development goals: IMF-World Bank


April 24th, 2009 - 7:48 pm ICT by IANS
By Arun Kumar Washington, April 24 (IANS) The global financial crisis is imperilling the UN Millennium Development Goals and could hamper development, warned an International Monetary Fund (IMF)-World Bank report released Friday.Most of ... Read more...

Posted in Business |

Shrinking global economy headed for slow recovery next year: IMF


April 22nd, 2009 - 11:18 pm ICT by IANS
By Arun Kumar Washington, April 22 (IANS) With the world in the grip of the most severe recession since World War II, the global economy is projected to shrink by 1.3 percent in ... Read more...

Posted in Business |

IMF warns of ‘unusually long, severe recession’


April 16th, 2009 - 11:29 pm ICT by IANS
By Arun Kumar Washington, April 16 (IANS) Warning that the current global recession is likely to be "unusually long and severe" and the recovery sluggish, the International Monetary Fund (IMF) Thursday said restoring ... Read more...

Posted in Business |

IMF hopes slow, weak recovery from recession


April 16th, 2009 - 9:48 pm ICT by IANS
Washington, April 16 (DPA) As some major economies begin to show signs of stabilising, the International Monetary Fund (IMF) Thursday warned that any global recovery from the downturn could last more than ... Read more...

Posted in Business |

US central bank sees ‘moderation’ of economic decline


April 16th, 2009 - 3:05 am ICT by IANS
Washington, April 16 (DPA) The US Federal Reserve Wednesday said a number of regions were reporting an easing of the country's economic downturn, adding to some of the small signs that ... Read more...

Posted in Business |

“A New Foundation”: Prepared remarks from Obama’s remarks (Full Text)


April 14th, 2009 - 10:44 pm ICT by admin
Washington, D.C. (BNO NEWS) -- President Obama will deliver the following remarks during a key economic speech on Tuesday. The speech is entitled "A New Foundation".It has now been twelve weeks since ... Read more...

Posted in Politics |

Obama sees ‘glimmers of hope’ for US economy


April 11th, 2009 - 12:21 am ICT by IANS
Washington, April 10 (DPA) US President Barack Obama Friday pointed to some signs of progress for the US economy, which is going through one of its longest and deepest recessions since ... Read more...

Posted in Business |

US lost 663,000 jobs in March, unemployment 8.5 percent


April 3rd, 2009 - 8:47 pm ICT by IANS
Washington, April 3 (DPA) The US shed 663,000 jobs in March, lifting the unemployment rate to 8.5 percent, its highest level in 25 years as the country battles one of its ... Read more...

Posted in Business |

Japanese graduates see jobs slip away as recession hits


April 2nd, 2009 - 9:44 am ICT by IANS
By Chie Matsumoto Tokyo, April 2 (DPA) Tatsuya Kuroishi was kissing the ground to be able to polish his senpai's, or senior colleague's, leather shoes Wednesday, his first day on the job, because ... Read more...

Posted in World |

UNDP Calls on G-20 leaders to curb full-fledged human development crisis


April 1st, 2009 - 6:46 pm ICT by ANI
New York, Apr.1 (ANI): The current global economic crisis, which began with the severe strains on the financial and banking system in parts of the developed world, now risks triggering a human ... Read more...

Posted in World |

Geithner unveils details of trillion-dollar toxic-asset rescue bid (Lead)


March 24th, 2009 - 12:41 am ICT by IANS
Washington, March 23 (DPA) The US will use both private and public funds to buy up to $1 trillion in toxic mortgage assets that have brought Wall Street banks to the ... Read more...

Posted in Business |

World economy set to contract, upturn next year: IMF


March 20th, 2009 - 12:40 am ICT by IANS
By Arun Kumar Washington, March 19 (IANS) Despite major stimulus packages announced by advanced economies and several emerging markets, including India, the world economy is set to contract for the first time in ... Read more...

Posted in Business |

Ties too shrink in tune with shrinking economies!


March 6th, 2009 - 5:25 pm ICT by ANI
London, Mar 6 (ANI): The shrinking economy has made a foray into the catwalk world too and is responsible for making ties thinner.A leading department store has claimed that menswear has ... Read more...

Posted in Life Style |

Men more prone to redundancy blues


March 6th, 2009 - 2:37 pm ICT by ANI
London, Mar 6 (ANI): As the world continues to drown in economic sorrows, men, it seems, are not that well-equipped to fight the ongoing situation. A new study has found that ... Read more...

Posted in Life Style |

Blacks, Asians will be shielded from recession: British minister


March 1st, 2009 - 5:34 pm ICT by IANS
London, March 1 (IANS) A senior British minister Sunday vowed to ensure that ethnic minorities and other vulnerable groups are not "left behind" in the recession-hit job market. "In the past, too many ... Read more...

Posted in Business |

99,000 jobs may go in Singapore


February 26th, 2009 - 4:31 pm ICT by Amrit Rashmisrisethi
According to the report by DBS that the raise in unemployment leveled up due to the recent recessions to hit a 20-year high of 5 per cent next year.Its Singapore economist, Irvin ... Read more...

Posted in Business |

Real Housewives of NYC clueless about recessions realities


February 18th, 2009 - 2:59 pm ICT by ANI
Washington, February 18 (ANI): The "Real Housewives of New York City" are allegedly yet to realise the hard-hitting effect of recession on the daily lives of people.The ladies revealed they ... Read more...

Posted in Entertainment |

Japan’s GDP plummets 12.7 percent amid record export drop (Lead)


February 16th, 2009 - 4:29 pm ICT by IANS
Tokyo, Feb 16 (DPA) Japan's economy contracted at an annual pace of 12.7 percent in the October-to-December quarter, its worst drop since the oil crisis 35 years ago, amid a record decline ... Read more...

Posted in Uncategorized |

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