International

Thursday, October 16th 2008 - 20:00 UTC
Stiglitz describes financial crisis as a “social problem”

Nobel laureate and renowned economist Professor Joseph Stiglitz described the current financial crisis not as a predominantly economic problem, but as a social one, citing the three million US citizens who have already lost their homes, with another two million expected to lose theirs over the next few months.
Thursday, October 16th 2008 - 20:00 UTC
Canada Conservatives retain power in spite of global crisis

The Conservative party of Primer Minister Stephen Harper on Wednesday evening declared victory in Canada's general election, but has fallen short of securing a parliamentary majority.
Thursday, October 16th 2008 - 20:00 UTC
PM Brown's blueprint to reshape financial world order

British Prime Minister Gordon Brown called on Wednesday for an international conference before the end of the year to reshape the financial world order.
Thursday, October 16th 2008 - 20:00 UTC
UK petrol below £1 per litre for the first time in 2008

British consumers hit by the credit crunch had something to smile about at last when petrol dipped below the £1 a litre mark for the first time this year. There was more cheer for travellers when two major UK airlines - British Airways and Virgin Atlantic - announced a reduction in fuel surcharges.
Thursday, October 16th 2008 - 20:00 UTC
Drug related crime, biggest threat in the Americas says UN

Drug trafficking and the violence committed by its associated organized crime is the biggest threat to public safety in the Americas, according to the Executive Director of the United Nations Office on Drugs and Crime (UNODC).
Thursday, October 16th 2008 - 20:00 UTC
OPEC emergency meeting moved forward to October 24

The Organisation of Petroleum Exporting Countries, OPEC, has brought forward an emergency meeting to discuss the effect of the global financial crisis on oil markets. The announcement was made public when oil prices plunged below 67 USD the barrel.
Wednesday, October 15th 2008 - 20:00 UTC
UK September inflation peaks at 16 year high, 5.2%

UK inflation hit a 16-year high of 5.2% in September, with energy bills behind much of the rise, figures have shown. The Consumer Prices Index (CPI) measure was up from 4.7% in August.
Wednesday, October 15th 2008 - 20:00 UTC
Marx “Das Kapital” sales soar among young Germans

Sales of Kart Marx's “Das Capital” have soared in Germany as a consequence of the financial crisis reported on Tuesday editor Jrn Schtrumpf from the newspaper “Neue Ruhr/Rhein Zeitung” (NRZ).
Wednesday, October 15th 2008 - 20:00 UTC
Cost of world crisis: 2% world GDP say Commerce Chambers

The current financial crisis could exact a toll on the world's gross domestic product, an international business group in Belgium said.
Wednesday, October 15th 2008 - 20:00 UTC
Krugman: no return to Marx but to Franklin Roosevelt

Paul Krugman, who won this year's Nobel Prize for economics, told CNBC that the Treasury Department's move to inject banks with 250 billion US dollars is better than the original bailout plan.