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World Bank Supports Refocusing Anti-Crisis Policy On Households In Russia

added: 01-04-2009

Russia is better positioned to weather the worldwide recession than many countries given its prudent fiscal policies, and should now focus increasingly on protecting poor and vulnerable people as growth decelerates more rapidly than expected, according to the Russian Economic Report 18.

Development Aid at its Highest Level Ever in 2008

added: 01-04-2009

In 2008, total net official development assistance (ODA) from members of the OECD’s Development Assistance Committee (DAC) rose by 10.2% in real terms to USD 119.8 billion. This is the highest dollar figure ever recorded. It represents 0.30% of members’ combined gross national income.

Economic System Needs "Major Changes"

added: 31-03-2009

Major reform of the international economic system is needed in order to solve the current crisis, according to a new global poll of over 29,000 people carried out for BBC World Service.

Fitch: Continued Deterioration In Australian Mortgage Delinquencies

added: 31-03-2009

Fitch Ratings said in its latest report that Australian mortgage delinquencies had worsened through Q408, and is expected to continue through Q109 due, in part, to the seasonal effect of Christmas credit spending.

EU €1 billion "Food Facility" For Developing Countries

added: 30-03-2009

The European Commission adopted a € 314 million package of projects to support agriculture and improve the food security situation in 23 developing countries across the globe. This is the first financing decision in the framework of the € 1 billion Food Facility which was adopted at the end of last year as a response to the growing food security problems faced by many developing countries.

Shrinking Profits, Fiercer Competition, and Price Wars in Some Green Energy Sectors

added: 30-03-2009

After a rough end to 2008, 2009 looks to be a promising year for the renewable energy industry. Companies are and will be facing a few challenges, but the market is expected to rise once again. In the new economic climate, the sector will have to adapt to the factors facing the world economy, including scarce financial resources, high interest rates, and shattered investor's confidence.

Recession-Minded Shared Services Organizations Focusing on Cost, Customer Satisfaction

added: 28-03-2009

Cost reduction and customer satisfaction are top of mind for shared services leaders as they work to support their businesses through the recession, according to a new study presented by Deloitte.

Economic and Automotive Industry Uncertainty Contributed to Significant Decline in Global Auto M&A Deal Activity in 2008

added: 27-03-2009

Overall economic and automotive industry uncertainty contributed to the decline of automotive M&A deal volume and value in 2008, according to PricewaterhouseCoopers' report, Automotive M&A Insights. Following a remarkable deal market in 2007, closed deal volume declined 9 percent to 549 transactions in 2008 compared to 604 the previous year. The disclosed value dropped 45 percent to $31.6 billion in 2008 from $57.1 billion in 2007.

International Comparisons of Hourly Compensation Costs in Manufacturing in 2007

added: 27-03-2009

The trade-weighted average of hourly compensation costs in U.S. dollars for all employees in manufacturing among 31 foreign economies was 85 percent of the U.S. level in 2007, increasing from 79 percent in 2006, according to data issued by the Bureau of Labor Statistics, U.S. Department of Labor. Compensation costs relative to the United States rose or remained unchanged in all but one of the economies covered in 2007.

The Conference Board Leading Economic Index for Australia Declined 0.6 Percent in January 2009

added: 27-03-2009

The Conference Board Leading Economic Index™ (LEI) for Australia declined 0.6 percent and The Conference Board Coincident Economic Index™ (CEI) increased 0.6 percent in January.

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