Ecomomic Crisis
Daily News and Updates
Special:
- In Greece, poor parents are abandoning their children
- 19 Facts About The Deindustrialization Of America That Will Make You Weep
Tuesday - January 31, 2012:
- Davos 2012 IMF issues austerity warning
- Irish minister says euro-exit possible if treaty rejected
- Europe Pundits fear 'perfect storm' despite official optimism
- Europe signs up to German-led fiscal pact
- Germany resists calls to give more to $657B eurozone bailout
- Leaked Document: Germany Plans EU 'Nanny' for Greek Budget
- Greece Rejects Proposal to Cede Budget Control
- EU ready to counter Chinese ‘protectionism’
- The Pentagon Tightens its Belt
- 10 states struggling to pay bills
- France plans Tobin tax on financial transactions
- Elderly 'losing out by £500m a year in the funding of care'
- Freddie Mac Betting Against Struggling Homeowners
Monday - January 30, 2012:
- EU summit on debt crisis faces Brussels disruption as unions strike
- Boston rail commuters face 40% hike
Sunday - January 29, 2012:
- Europe’s debt crisis stretches on
- Extraordinary proposal for EU to take control of the Greek budget
- Fitch cuts Italy, Spain, other euro zone ratings
- Sudden Spanair shut-down strands passengers
- Hull House closes doors after more than 120 years
- Regulators close BankEast; U.S. Bank acquires assets
Saturday - January 28, 2012:
- China lowers growth forecast to 8.5 percent
- Japan prices fall, mild deflation to persist
- Pentagon to shrink US ground troops by 100,000 as part of $487bn cuts
- Spain unemployment tops 5.3m and set to get worse
- Unsold goods weigh on future economic growth
Friday - January 27, 2012:
- Bernanke has finger on trigger for new bond buys
- In historic shift, Fed sets inflation target
- Japan's NEC to slash 10,000 jobs
- Middle-income Britain is in state of emergency, says Nick Clegg
- Ministry of Defence to cut further 3,000 civilian jobs
- Police numbers at lowest for a decade
- Russia to Keep Australian Dollar Reserves From February
Thursday - January 26, 2012:
- IMF chief unveils euro plan and warns of '1930s moment'
- Merkel warns Germany cannot be relied on to bail out all European countries
- Angela Merkel casts doubt on saving Greece from financial meltdown
- UK moves closer to second recession as economy shrinks 0.2%
- Pentagon budget to cut military, cancel programs
- Bernanke says Fed pondering further stimulus
- Housing data points to slowdown in sales
- Chicago chamber warns to prepare for the worst for G8
Wednesday - January 25, 2012:
- Europe poses global recession threat: IMF
- IMF slashes global growth forecasts
- UK national debt hits £1trillion
- S&P says likely to declare Greece in default
- The £100 fill-up looms for motorists as one of the UK's biggest refineries goes bankrupt
- Canada cuts could eliminate 50,000 jobs
- Exporter Japan eyes first trade deficit in 3 decades
- Greek creditors urge quick deal after eurozone rejection
Tuesday - January 24, 2012:
- IMF chief wants bigger bail-out fund and eurobonds
- Germany resists pleas for bigger bail-out fund
- Germany, France press for rapid Greek debt deal
- Pay freeze to last until 2020 for millions
- Welfare reform benefits cap would reduce payments by £83 a week
- Bonmarché sale and store closures will cost 1,400 jobs
- Companies see growth but few new jobs: poll
- EIGHT more years until Squeezed Middle recover to pre-recession income
Monday - January 23, 2012:
Nothing to report this morning.
Sunday - January 22, 2012:
Nothing to report this morning.
Saturday - January 21, 2012:
- Momentum to drain from world economy in 2012: poll
- Greece, creditors close in on debt cut deal
- Investors exit big-name funds as stars fail to shine
Friday - January 20, 2012:
- Fitch to downgrade six euro-countries, including Italy
- Photography pioneer Kodak files for bankruptcy
Thursday - January 19, 2012:
- IMF seeks more funds
- UK faces request for £19bn as IMF boosts bailout fund to $1tn
- World Bank slashes global GDP forecasts, outlook grim
- World Bank global growth heading for a crisis from which no one will be saved
- Greece, creditors haggle to avoid costly default
- Missouri governor plans more budget cuts
- UK unemployment rises to 2.68m
- Unemployment forecast to rise further
Wednesday - January 18, 2012:
- S&P downgrades euro zone rescue fund
- Analysis: Rescue fund downgrade raises pressure on euro zone
- IMF warns of downward spiral of collapsing confidence engulfing Europe
- Inflation falls to six-month low of 4.2%
- Insight: Recovery at risk as Americans raid savings
- Citi's turnaround plan hits euro crisis speedbump
- Emerging Manufacturers Fall Sharply in Late 2011
- Insight: In Arab Spring, economic gain may trump pain
- Kraft to cut 1,600 jobs in split
- MoD announces further 4,200 armed forces personnel cuts
- RBS puts 13,000 jobs at risk as it pulls the plug on fashion chain Peacocks
Tuesday - January 17, 2012:
- Greek default fears grow as talks stall
- UK 'already back in recession', warn forecasters
- UK in recession again as recovery is 'paralysed' by the European debt crisis
Monday - January 16, 2012:
- UK: Recession warning as George Osborne turns to China
- UK: Below the breadline on Liverpool's workless estates
- Shell to shut its main UK research base and transfer its work overseas
Sunday - January 15, 2012:
- S&P downgrades nine euro zone countries
- Eurozone in new crisis as ratings agency downgrades nine countries
- Layoff notices go out to Miami employees
- Oakland to lay off 1,500 workers
Saturday - January 14, 2012:
- Dollar power on the wane, new reserve system likely: Stiglitz
- Gross: Global Economy, Markets at Risk in 2012
- Obama seeks $1.2 trillion debt limit rise
- Dip in China's FX reserves may hasten policy shift
- Mass S&P downgrade as Greek debt impasse hit euro zone
- Negotiators finalise broad outline of EU fiscal treaty
- JPMorgan profit falls, but sees hope in economy
- Novartis cuts 2,000 U.S. jobs after drug setback
- Russia 2011 capital flight soars to $84 billion
Friday - January 13, 2012:
- EU central bank to issue more cheap loans
- Greek bond swap falling short, governments may fill gap sources
- Yields fall sharply at Spanish, Italian debt sales
- Retail sales weak, jobless claims up
- U.S. foreclosures expected to rise in 2012
- £4 billion wiped off Tesco shares
Thursday - January 12, 2012:
- Debt-limit increase request 'days' away
- In Greece, fears that austerity is killing the economy
- 3,000 jobseekers apply for 36 tradesmen jobs... at the SOUTH POLE
Wednesday - January 11, 2012:
- U.S. national debt surpasses economic output
- China trade growth slows to 2-year lows in December
- Euro banks park record sums with ECB as debt crisis lingers
- Game shares slump after disastrous Christmas
- Thousands of council staff reject Government’s final offer on pensions
Tuesday - January 10, 2012:
- Analysis: For euro zone, the heat is on again
- Merkel and Sarkozy to discuss jobs and economic growth
- Unemployment mushrooming in Greece, Spain
Monday - January 9, 2012:
- China loan growth quickens
- IMF considers Greek rescue plan insufficient to fix debt crisis
- Sales gloom as Tesco reveals its worst Christmas for decades
- UK: Work for free or lose benefits for THREE years
Sunday - January 8, 2012:
- New EU deal 'will freeze out Britain'
- 49 Philly area Catholic schools closing
Saturday - January 7, 2012:
- Global economy could stand one week of major disaster
- Bad signs for EU economy
- Eurozone unemployment hits new record
- More power for EU commission in new draft of fiscal treaty
- Wall Street's games about to hit gas prices
- Teachers shun Government's final offer on pensions
Friday - January 6, 2012:
- Greek PM warns of default
- Europe woes drag euro lower
- Kodak prepares for Chapter 11 filing report
- Pepsi mulls 4,000 job cuts report
- Public sector pensions offer rejected by Unite health workers
Thursday - January 5, 2012:
- Chinese provinces’ massive debt reaches crisis point
- Top Singapore ministers face pay cuts of up to 51%
- French minister: EU will impose financial tax by end of year
Wednesday - January 4, 2012:
- World's Biggest Economies Face $7.6T Debt
- Euro break-up is biggest threat to British firms
Tuesday - January 3, 2012:
- Collapse of the eurozone 'will start this year'
- Eurozone manufacturing decline persists, PMI survey says
- Factory output subdued going into 2012
- Housing benefit cuts will put 800,000 homes out of reach, according to study
- Spain public deficit may top 8 percent minister
Monday - January 2, 2012:
- European leaders predict 2012 will be worse than 2011
Sunday - January 1, 2012:
- Euro could become world's leading currency Noyer
- High street braces for wave of failures as La Senza closes 80 shops
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