World economy
Moody’s cuts Japan’s rating amid soaring debt, political turmoil
24 Aug 2011
Hours after the downgrade, the government announced a $100 billion credit facility to help the Japanese economy ride out a spike in the yen in recent weeks amid the global market turmoil, which has battered Japan’s export-led economy
US Fed secretly lent $1.2 trillion to top banks during crisis
23 Aug 2011
Fed chairman Ben Bernanke secretly advanced as much as $1.2 trillion of public money to top US and European banks, dwarfing the $160 billion in public bailouts.
US won't default on debt: Biden tells China
22 Aug 2011
India to clear oil debt to Iran by end-August
22 Aug 2011
UK holds bank rates steady as inflation rises
17 Aug 2011
Re-examining the Arab Spring
16 Aug 2011
To this point, no regime has fallen in the Arab world. Individuals such as Tunisia’s Ben Ali and Egyptian President Hosni Mubarak have been replaced, but the regimes themselves, which represent the manner of governing, have not changed. By George Friedman.Re-examining the Arab Spring is republished with permission of STRATFOR."
Buffett calls on super rich to pay more in taxes
16 Aug 2011
UK to cut income tax rate for top earners
16 Aug 2011
German GDP growth slows sharply
16 Aug 2011
Germany, which had been driving the economic recovery in the eurozone, reported a 0.1 per cent quarterly GDP growth.
Eurozone in deeper mess than US: World Bank chief
13 Aug 2011
A wider spread of the Eurozone crisis will hit most developed and developing countries hard, says World Bank president Robert Zoellick
Italy announces $65-bn austerity measures
13 Aug 2011
Faced with a sovereign debt crisis, Italian Prime Minister Silvio Berlusconi yesterday announced $65 billion in austerity measures including tax hikes and spending cuts, including politician's salaries, over the next two years
French economy clocks zero growth
12 Aug 2011
In a further sign that the European economy was stumbling, Europe's second largest economy, France registered no growth in the last quarter as households across the country cut back on spending
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