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Global financial crisis News

Senate votes in Yellen as first woman chair of Federal Reserve

Washington - The U.S. Senate, Monday, approved the appointment of Janet Yellen as head of the Federal Reserve. Yellen, 67, will become the first woman to preside over the US central bank, the most powerful in the world.

SCO summit meeting, China backs Russia against US missile shield

Astana - The 11th summit of the Shangai Cooperation Organisation (SCO) held in Astana, capital of Kazakhstan, saw a declaration signed condemning any unilateral build-up of missile defences.

Op-Ed: It's True: Rich People Are Different From The Rest Of Us

Nelson - Often it is heard that rich people are not like the rest of us, and it appears, that really this is true, especially in their attitudes, as well as their allegiances, which tend rather to be more with each other, than their home countries

Italian mayor orders citizens not to get sick

Don’t get ill in the city of Acquapendente, in the Italian province of Viterbo. And that’s an order, from no less than the city's mayor.

Bank Profits in Pakistan Likely to Decrease

The global financial crisis has started showing its effect on Pakistan's banking as profit rates on all accounts are likely to drop later this month.

Global Financial Crisis Will Be Focus of Canadian Throne Speech

Gov. Gen. Michaëlle Jean unveils Prime Minister Stephen Harper's legislative agenda for Canada's 40th Parliament and the economy is center stage.

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