Apr 24th, 2009 - Washington Post
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WASHINGTON -- Developing countries are being hit harder by the global financial crisis than industrialized nations and need urgent and unprecedented help to cope with it, the Group of 24 countries said Friday.
Among the effects of the crisis the developing countries are experiencing are falling prices for their commodities and exports, a decline in money transfers their citizens send from abroad, a sharp reduction in foreign direct investment and exposure to the credit crunch other countries are facing.
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Dumped pets pay price of recession
Apr 27th, 2009 - guardian.co.uk
From fancy cars to foreign holidays, Britons have had to relinquish all sorts of luxuries as the credit crunch takes hold. To this list we can now add pets: 57% more animals were abandoned last year than in 2007...
Sweden's Scania 1Q profit falls 93 percent
Apr 27th, 2009 - Forbes
Swedish truck and bus maker Scania AB on Monday reported a 93 percent drop in first-quarter net profit, as the global financial crisis continued to weigh on demand and capacity utilization.
Japanese economy projected to shrink 3.3% in FY 2009
Apr 26th, 2009 - XinHua
Special Report:Global Financial Crisis TOKYO, April 27 (Xinhua) -- The Japanese government on Monday downgraded its economic projection from a previously estimated zero growth to a shrinkage of 3.
World Bank says poor countries risk calamity
Apr 26th, 2009 - Forbes
The steep global financial crisis risks turning into "a human and development calamity" for many poor countries, the World Bank said as it urged donor nations to speed up delivery of money they have already pledged and consider giving more.
IMF doubles borrowing limits for poor nations
Apr 23rd, 2009 - Reuters
WASHINGTON, April 23 (Reuters) - The International MonetaryFund said on Thursday it will double the borrowing limits forpoor countries as the global financial crisis spreads to thepoorest regions of the world. In a statement...
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