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European Commission Provides €15 Million For Emergency Food Aid In The Horn of Africa

added: 17-10-2008

The European Commission has adopted a new emergency funding decision of €15 million for food assistance in the Horn of Africa. The decision aims at saving lives and relieving suffering in one of the world's most vulnerable regions.

Boost For Australian Economy

added: 15-10-2008

Two days after calming any concerns about the banks and financial institutions with a blanket guarantee and backing for the banks' offshore wholesale borrowings, the Federal Government has revealed a $10.4 billion injection into the Australian economy.

British Economist Predicts US$45 Trillion Global Wealth Wipe-Out

added: 15-10-2008

"The massive contraction in demand caused by this 'wealth effect' will condemn the western economy to a decade-long depression," Harrison tells the Foreign Press Association in London."

Financial Institutions on Credit Crisis

added: 13-10-2008

The global financial crisis will lead to radical changes in the structure of the financial services industry with more financial institutions set to fail, according to a survey of financial institutions by international legal practice Norton Rose Group.

Composite Leading Indicators Signal Continued Slowdown in OECD Area

added: 13-10-2008

OECD composite leading indicators (CLIs) for August 2008 indicate a continued weakening outlook for all the major seven economies. The latest data for major non-OECD member economies tentatively point to expansion in Brazil, a downturn in China and Russia and a slowdown in India.

Measures Designed to Address Elevated Pressures in the Short-Term US Dollar Funding Markets

added: 13-10-2008

In order to provide broad access to liquidity and funding to financial institutions, the Bank of England (BoE), the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further measures to improve liquidity in short-term US dollar funding markets.

OECD Standardised Unemployment Rate rises to 6.0% in August 2008

added: 13-10-2008

The standardised unemployment rate for the OECD area was 6.0% in August 2008, 0.2 percentage point higher than the previous month and 0.4 percentage point higher than a year earlier.

Australian Financial Security: Australia's Blanket Guarantee

added: 13-10-2008

Australia will guarantee all deposits being held in Australian financial institutions for the next three years.

Strong Global Growth for Health Promotion and Workplace Wellness Programs

added: 10-10-2008

Workplace wellness strategies are rapidly growing in popularity outside of North America - almost doubling in the past year - to a point where 40 percent of employers surveyed in Europe, Asia and Africa now offer these programs, a global survey released today indicates.

U.S. New-Vehicle Retail Sales in 2008 Forecasted to Decrease by 2 Million Units Below 2007 Levels

added: 10-10-2008

As the U.S. new-vehicle retail market continues to deteriorate, new-vehicle retail sales are projected to end 2008 at 10.8 million units, which is 2 million units below 2007 sales, according to J.D. Power and Associates.

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