Blog Detail
Global Crisis News
http://www.globalcrisisnews.com
The blog GlobalCrisisNews.com aims to bring you the top headlines from around the world related to the global crisis.
- Added on: Dec 29th, 2008
- Country: United States
- Language: English
- Author: Greg
- Listed in: News & Media International Affairs
- Tags: politics depression news current affairs crisis recession
Recent Posts
China to lead world economic recovery
A recent World Bank report has suggested that amongst the world’s major economies, the Chinese economy will be the first to emerge out of the global slowdown. The World Bank predicted China to grow at almost 8.4 percent and that would be enough to ...
Unemployment in Spain up 2.6 percent
Unemployment in Spain grew for a third successive month as it went up by 2.6 percent in October. According to reports by the Spanish National Institute of Statistics, unemployment was on the rise as the number of unemployed people increased by 98,90...
Fannie Mae seeks $15 billion aid
Mortgage giant Fannie Mae has reported a third quarter loss of $19 billion and has requested the Treasury for $15 billion more as aid for its survival. Fannie Mae and Freddie Mac were taken by the federal government under its control in September la...
US jobless rate at 26 year high, crosses 10 percent mark
Unemployment in the US increased more than expected last month to record a 26 year high as employers continued to cut jobs, showing signs that that the struggle in the labor market carries on as the country’s economy tries to come out of recession...
Australian economy recovering as per plan
According to Australia’s latest national accounts, the country’s Gross Domestic Product (GDP) has already grown by exactly two times value of the half percent growth forecast by the Reserve Bank of Australia in August. As per reports from the Au...
800 more jobs to be cut at Microsoft
Software giant Microsoft Corp. announced on Monday that it is going to slash 800 more positions from its workforce, in addition to the 5000 job cuts it had announced earlier this year. According to the company, the job cuts will be spread across dif...
