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World economy News

G20 agrees to boost world economy by $2 trillion

Leaders at the Brisbane G20 summit have agreed to stimulate world economic growth over the next few years with a massive injection of $2 trillion.

McDonalds China food scare puts business sales at risk

The McDonalds China issue proves how business scandals cause a domino effect involving other companies, their employees and society. It is important to have a capable sales team in cases when an emergency recovery is needed.

Op-Ed: Peace Corps worker points to ecological mess as China moves to #1

As a Peace Corps volunteer in 1996, Craig Simons went to China not knowing much about it. Now, over a decade later, he notes the tremendous change and growth that has taken place. It is this dynamic and rapid rate of growth that he fears.

World unemployment due to reach 202 million later this year

Rising global unemployment and economic slowdowns have forced the International Labour Organization to review its previous forecasts for 2012 and 2013 and raise the projected levels of world unemployment.

Philippine Peso World’s Second Most Stable Currency in 2009

MANILA – The Philippine peso, next only to the Chinese yuan, on a year-to-date (YTD) percentage basis, was one of the most stable currencies in the world, eclipsing the usually steady Japanese yen, the American dollar, and the British pound sterling.

Canadian Dollar Takes Deep Dive

The Canadian dollar experienced its largest single day drop in nearly 46 years. The loonie fell 2.6 cents against the United States dollar as a bleak global economic outlook also shoved down commodity prices.

A 'tipping point' for US dollar

Analysts: A dramatic moment for the US dollar as foreign exchange markets wake up to the threat that the Federal Reserve will have to slash interest rates in the new year to stave off recession.
 

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