The eye of the recession storm is said to have passed. The world is now slowly recovering from the greatest economic bust since the Depression. The US says it has edged out of the economic meltdown, Australia is said to have survived the recession easiest and earliest.
Anyone who comes from a typhoon-riddled country could attest [...]

Because of the global recession that is said to affect the world’s poorest the most, the International Monetary Fund is in focus once again. The crisis has brought it back from the dead. ‘Two years ago the world’s main international economic institution was heading for irrelevance, its homilies ignored by rich countries, its advice despised [...]

Foreign business investors are finding it still difficult to ever do business in China, in spite of the hope that it is China that will pull the world out of the recession.
Foreign business isn’t exactly booming in China. “China accounts for less than 2% of the global sales of drugs giants such as Pfizer, AstraZeneca [...]

After several postponements, Beyonce’s Kuala Lumpur concert has been finally cancelled. The country asserts that its Muslim rules will be disrespected by the pop singer’s skimpy stage outfits and raunchy stage antics.
It’s not the first time that the country figures in global headlines for some controversial stuff. Malaysia has had ‘sodomy trials involving former finance [...]

The world’s largest restaurant chain opened its first franchise store in Iceland in 1993, with then Prime Minister David Oddsson being the ‘first person on the island to consume a Big Mac.’ The island’s three McDonald’s restaurants will close at the end of the month after suffering profit losses due to the collapse of the [...]

Japan used to be a place where luxury products were considered mass market. That was how lofty the country’s economy had been. Such is no longer the case because  Japan equally suffers from the global economic meltdown, pulling along with it the Japanese propensity for luxury goods.
In Japan today, retail stores are the ones enjoying [...]

Another G20 summit coming up, another potentially missed opportunity to talk about the really crucial talking points such as China. In the attempt of rich countries ‘to put the world to rights in a trendily broad and inclusive way’ on the way to the up and coming International Monetary Fund summit in Istanbul, talks might [...]

The United Nations agencies of Food and Agriculture Organization (FAO) and the World Food Program (WFP), along with the International Fund for Agricultural Development (IFAD), published on Friday 19 June, the most recent estimates regarding hunger worldwide. While the statistics are alarming, the findings are really not surprising.
These agencies declare that global malnutrition and hunger [...]

In true alarmist form, the world’s biggest lending institution declared that the world economy will submerge to ‘below zero.’ “The world economy will probably shrink ‘below zero’ this year, in what many now refer to as the “Great Recession,” said the managing director of the International Monetary Fund (IMF), Dominique Strauss-Kahn.
Actually, what the agency meant [...]

Davos warned that there will be more social reactions of nationalism due to the impact of the financial crisis. In what many regard as the worst in its history, the latest World Economic Forum in Davos, Switzerland ended its deliberations with a dramatic warning: the fear that the international economic crisis will result in violent [...]