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The blog GlobalCrisisNews.com aims to bring you the top headlines from around the world related to the global crisis.
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2010 to witness devastating Food Crisis
According to a recent analysis by Eric deCarbonnel from MarketSkeptics.com, “overwhelming, undeniable evidence that the world will run out of food next year”, which will result in “US economic disintegration”. The report detai...
Dubai brings down the world
The Dubai government stirred up markets this week by its decision to delay the debt payments which its flagship holding company and corporate biggie, Dubai World owes. The company is under heavy debts tallying up to tens of billions that were used ...
Employees ’Twittering’ at work; productivity suffers
According to a survey conducted by Morse, an IT service provider, approximately three-fifths of the U.K.’s office staff said that they logged in to sites like Twitter and Facebook during office hours. They spent 40 minutes every week on such socia...
New Report Declares “The Global State of Emergency”
A recently published report by the RC-Institute for Global Individuation, declares “The Global State of Emergency” warning that: “Humanity has 9 years left to take drastic measures.” The state of humanity and the earth today i...
World recession easing, sluggish recovery in sight, says IMF
The world is starting to pull out of its first recession since World War II, said the International Monetary Fund in its latest report released Wednesday. According to the latest report, the global economy was already stabilizing, the financial crisi...
The ultimate – The UN hops onto the New Multilateralism bandwagon
Raúl de Sagastizabal International Consultant, Montevideo: The international financial agencies reform bids have now been supplemented by an United Nations overhauling initiative. Additional resources, tougher powers for the Organization, are the sc...
Financial crisis pushes more of world’s poor into hunger, warns UN body
The United Nations committee tasked with building alliances in the global fight against hunger has warned that the world financial crisis will aggravate malnutrition among the most vulnerable in developing countries. According to the UN Standing Comm...
Over 1 billion people going hungry: UN agency
World hunger is expected to reach a record high in 2009 of 1,020 million people going hungry every day, according to the UN’s Food and Agriculture Organization (FAO). The UN agency defines hunger as the consumption of less than 1,800 calories p...
World Bank sees even worse global decline
The World Bank says the global economy will decline by much more than previously estimated. This year is likely to be the first global recession since World War II. The world economy will contract by 3 per cent this year, far more than the previousl...
Financial Crisis Could Push More Girls Into Child Labour: UN
The financial crisis threatens to push more children – especially girls – into child labour, the United Nations International Labour Organization (ILO) said in a new report. Despite falling numbers of children involved in child labour worldwide, ...
Global financial crisis: How New will the New Multilateralism be?
It is safe to assume that many common people of yore might have believed – with typical end-of-tragedy romanticism, that postwar multilateral institutions heralded the advent of an era of understanding among the human beings, and were the touchston...
Swine flu worsens already dire global economic crisis
Many officials fear that the outbreak could be on the verge of a global pandemic, prompting American health officials to declare a public health emergency on Sunday. Swine flu outbreak 20 cases confirmed in the US 103 confirmed deaths from swine flu ...
World Bank: 50 million forced into extreme poverty
The World Bank on Sunday urged rich countries to hurry up with the delivery of the money they’ve pleded as well as give more, in order to help poor nations hit hard by the global economic crisis. An economic collapse around the world has alrea...
IMF: Economic crisis to cost $4 trillion
The IMF has calculated that global losses from the financial crisis could rise to $4 trillion. While some are already talking about recovery and others promoting “glimmers of hope”, the IMF warned that “the challenges to restoring ...
Global financial crisis and currency war
As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first &...
IMF places Toxic Debt at $4 Trillion
The International Monetary Fund (IMF) could place toxic debt at $4 trillion by 2010, according to international media reports on Tuesday. The $4 trillion forecasted by the IMF, includes the approximately $3 trillion in the United States and the rema...
Food becoming unaffordable due to crisis
Poor people in the UK are struggling to afford food as the economing crisis unfolds and food prices rise, according to the Save the Children charity. Save the Children claim the recession means hard-up families cannot afford to buy decent food. As a...
Developing countries need $1 trillion to weather the financial crisis
At least $1 trillion is needed to help developing countries get through the global financial crisis, Secretary-General Ban Ki-moon told the leaders of the world’s richest nations ahead of their meeting in London on 2 April. “Unless urgent and dec...
China and Russia call for new currency: US rejects
China’s central bank has called for the creation of a new global currency in order to substitute the US Dollar as the global reserve currency, highlighting the current financial situation in the US and its affect on global markets. Chinese ce...
WTO Sees Global Trade collapse by 9%
Global trade will shrink by 9 percent this year in the most devastating collapse since World War II, the World Trade Organization said Monday. According to the latest report, the developed nations will be hit with a nearly 10 per cent decrease, wher...
World Bank: Global downturn is WWII-like
The global economy is set to shrink by around 1 to 2 per cent in 2009 and no recovery is in sight until 2010, according to the World Bank’s President Robert Zoellick. That estimate is in contrast with an earlier 1 percent decline projected by ...
$50,000,000,000,000 wiped out
A report claims that $50 trillion worth of financial assets have been wiped out in 2008, according to a report released Monday by the Asian Development Bank. The report also unveiled how Asia was hit hardest with a financial loss of $9.6 trillion, or...
World Bank: Global Economy to shrink in 2009
The World Bank predicted that the global economy will shrink this year for the first time since World War II, the worst forecast to be published as of yet. According to the report developing countries face a financial shortfall of $270-700 billion t...
World Bank predicts devastating global poverty
On Friday the World Bank issued a press release predicting devastating figures on poverty around the globe. In developing countries alone, up to 53 million more people in poverty due to global economic crisis. Millions pushed into povery New estimate...
