Daily News Channel
Economic reform arrived at Mexico’s electrical utility on Saturday night wearing black body armor, crash helmets and ski masks. Flabbergasted workers arriving for early morning shifts on Sunday found thousands of Federal police deployed to enforce a government decree shutting down the company.
A spate of suicides at France Telecom has put the spotlight on workplace stress and the devastating impact it can have on employees.
Greek voters head to the polls Sunday to elect a new government, two years before the elections were originally scheduled. Prime Minister Kostas Karamanlis called the early elections in response to pressure from the opposition Panhellenic Socialist Movement
Across the country, state governments are grappling with how to sharply trim budgets amid the worst recession in decades. But nowhere is that debate more intense than in Michigan, where officials are scrambling to close a $2.8 billion deficit and avert a government shutdown at midnight on Wednesday.
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession. The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.
Leaders representing 85 percent of the world’s economic output were gathering Thursday in a U.S. city that has reinvented itself, hoping to bolster the global economy
President Obama warned Tuesday that the global economic recession could hinder the ability of countries to take necessary steps to combat climate change. “We seek sweeping but necessary change in the midst of a global recession, where every nation’s most immediate priority is reviving their economy and putting their people back to work,” Obama told a U.N
British Airways announced earlier this week that it would give all staff the option of taking one month of unpaid leave.
In these times of economic woe where better to escape the bitter reality of the credit crunch than your local, friendly multiplex? Or maybe not
Liberal Democratic Party Prime Minister Taro Aso resigned early Wednesday, setting the stage for Democratic Party of Japan leader Yukio Hatoyama to take over the reins of government. Last month, Japanese voters swept Aso’s party — which had governed Japan for nearly 50 years — from power in the wake of Japan’s worst recession since World War II