News about crisis

IMF cuts global forecast, says risks rising

The IMF slashed its global growth forecast and warned things could get much worse if the eurozone crisis is not quelled and Washington fails to reverse the looming "fiscal cliff" austerity plan.
10 October 2012 10:45

Police fire rubber bullets at Madrid protest

Spanish riot police fired rubber bullets and baton-charged protesters Tuesday as thousands rallied near parliament in Madrid in anger at the economic crisis, in clashes that left more than 60 people injured.
26 September 2012 17:34

Pakistan-US gingerly seek to repair ties

US Secretary of State Hillary Clinton met Pakistani President Asif Ali Zardari on Monday as the two nations inch towards repairing vital ties severely damaged by a series of crises.
25 September 2012 15:33

Belarus economy facing trouble despite Russian help

Belarus was bailed out of last year's dire economic crisis by its giant neighbour Russia but as the ex-Soviet state heads to parliamentary polls the economy is once again flirting with disaster.
21 September 2012 15:34

Romney: Middle East needs US leadership

Mitt Romney paid tribute Thursday to four American diplomats killed in Libya, insisting that US power was vital in the Middle East, but he halted his criticism of President Barack Obama's handling of the crisis.
16 September 2012 12:12

EU ministers explore fresh help to Syria opposition

EU foreign ministers gather in Cyprus some 100 kilometres from the Syrian coast Friday to explore how to best assist its opposition while defusing a humanitarian crisis looming in Europe's backyard.
08 September 2012 11:27

Winds of crisis blow through Venice film festival

For all the glamorous seaside partying at the Venice film festival, there is a distinct air of austerity at this year's edition for an industry that is questioning its economic future.
03 September 2012 11:21

Greek PM in crisis talks with Merkel

Greece's prime minister was expected to press for more time to make key reforms and spending cuts to keep his debt-wracked country in the eurozone at crisis talks Friday with Chancellor Angela Merkel.
24 August 2012 12:56

Berlin douses hopes of quick euro crisis fix

Germany on Monday dampened hopes for powerful action from the European Central Bank to fix the euro crisis and slapped down speculation of an immediate breakthrough on debt-wracked Greece.
21 August 2012 14:56

S&P cuts Greek outlook to 'negative'

Standard & Poor's cut Greece's debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.
08 August 2012 14:22

Greece and the Olympics: wishing for a ray of hope

Eight years after hosting the Olympic Games in the country where they were born, Greeks seem more interested in finding out if there will be light at the end of their dismal economic tunnel.
07 August 2012 16:39

Turkish economic miracle woos German businesses

As Europe battles its never-ending debt crisis, Turkey, with its flourishing economy, is increasingly attracting the attention of German companies, as well as German-born Turks in search of a job.
07 August 2012 14:36

Exchange Rates

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