World economy
Italian PM Monti to lobby parliament for €30-bn spending cuts
05 Dec 2011
Italy’s new PM Mario Monti is expected to lobby parliament to support a €30-billion package of austerity and growth measures to cut the euro-region’s second- biggest debt and prevent Italy from precipitating the euro’s breakup
Merkel not to back expanded role for ECB
02 Dec 2011
Central banks unite to stave off euro crisis; markets buoyed
01 Dec 2011
Led by the US Fed, the European Central Bank and the central banks of Japan, Britain, Canada and Switzerland acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch
UK public sector workers strike work
30 Nov 2011
China raises poverty threshold to 2,300 yuan
30 Nov 2011
China looking to invest in US, European infrastructure
28 Nov 2011
China’s sovereign wealth fund is looking to invest in improving US and European roads and other infrastructure to spur global growth
Britain preparing emergency plans for eurozone collapse
28 Nov 2011
Britain is in the process of developing emergency plans for the collapse of the ‘creaking’ Eurozone as warnings of a debt-stricken Italy needing £500 billion bailout involving billions of pounds of UK taxpayers’ money are getting increasingly louder
France and Germany seek changes in EU treaties
25 Nov 2011
Germany has declined to be drawn into playing a bigger role in solving Europe’s debt crisis as called for by the European Central Bank (ECB)
US, allies hit Iran with fresh sanctions
22 Nov 2011
The US, Canada, Britain and France have mounted a concerted effort to inflict economic pain on Iran on new allegations of secret efforts by Iranian scientists to acquire nuclear weapons technology
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