Tag: financial crisis

• Thursday, March 30th 2023 - 15:17 UTC

  What can you do to prepare for a personal Financial Crisis?

  

  Let's face it. No one likes the thought of a job loss, an automobile accident, an illness, or any other major event that could negatively impact their finances.

• Tuesday, September 21st 2021 - 08:50 UTC

  Chinese giant Evergrande's debt spreads fears among world markets

  

  As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.

• Saturday, May 2nd 2020 - 06:50 UTC

  UK universities under financial stress: lockdowns and absence of foreign students

  

  With conferences cancelled and revenues hit because of a lack of rent from student accommodation, Britain's universities are reeling from the global coronavirus pandemic. Schools have already lost millions of pounds thanks to enforced closures under lockdown, and things could get worse still.

• Wednesday, April 29th 2020 - 07:33 UTC

  US markets end Tuesday lower on weak consumer data and mixed earnings report

  

  Wall Street stocks finished lower following a choppy session on Tuesday as mixed earnings reports and weak consumer data underscored the economic challenges caused by the coronavirus shutdowns.

• Friday, April 10th 2020 - 15:50 UTC

  UN agencies call on governments to condone debts of the poorest countries

  

  More than 60 U.N. agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries.

• Tuesday, March 17th 2020 - 07:34 UTC

  Nightmare: assessing the coronavirus damage for the cruise industry

  

  The novel coronavirus is becoming a financial and public-relations nightmare for the cruise industry, from failed quarantine attempts on ships to passenger lawsuits and a stream of cancellations.

• Friday, November 2nd 2018 - 09:03 UTC

  Multilateral banks provide Argentina three loans totaling US$ 1.8 billion

  

  The World Bank and the Inter-American Development Bank are providing Argentina with three loans totaling more than US$1.8 billion, aiming to help the country cope with financial difficulties and support citizens most at risk.

• Wednesday, January 10th 2018 - 09:57 UTC

  Great recession almost over, “but no time for complacency”, warns World Bank

  

  The World Bank forecasts global economic growth to edge up to 3.1% in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices.

• Saturday, October 29th 2011 - 03:31 UTC

  The G20 test is if it can prevent a future financial crisis, says Zoellick

  

  The true test for the G20 will be whether it can prevent a future financial crisis, World Bank Group President Robert Zoellick said Friday ahead of the upcoming G20 summit in Cannes.

• Wednesday, October 5th 2011 - 21:44 UTC

  Global financial crisis “starting to affect” Argentina says manufacturers union

  

  The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren, warned on Wednesday that Argentina “is starting to be affected” by the global financial crisis, furthering that the country “is not protected” against the situation.