The Cold Blow
The winter crisis of the 1940s England holds strong parallels today, in its bitterness, scale and by way of that one economist who had shown the way.

Global crisis: Germany to cut public expenditure from 2011
The German government will use less money in public expenditure from 2011 due to the global crisis, Finance Minister Wolfgang Schuble said.

Germany suffers worst post-war recession in 2009
Germany suffered its worst recession since World War II last year when Europe`s largest economy contracted by five percent, provisional official figures released on Wednesday showed.

Consumers continue to save for a ‘Rainy Day’ despite recovery
Consumers across the Asia-Pacific, West Asia and Africa are still showing signs of restraint when it comes to spending despite signs of revival across the board, says a MasterCard survey.

Public sector pay rises in Britain despite recession: Report
Public sector employees in Britain are enjoying bigger pay rises, working fewer hours and receiving pensions worth up to three times than those of in the private sector, says media report.

Stiglitz warns US economy may contract next year
Joseph Stiglitz warned there’s a “significant” chance the U.S. economy will contract in the second half of next year.

Recession hits patent filings in US; fall 2.3% in `09
The financial crisis has not only rattled the US economy but seems to have also choked innovations among the Americans, with patent filings declining for the first time in over a decade, in 2009.

Obama`s approval rating drops below 50% for 1st time
Notwithstanding high marks for his just announced Af-Pak policy, the approval rating of the US President Barack Obama has dropped below the 50 percent mark, the first time since he entered the White House.

British business chiefs seek path to recovery
Britain`s business leaders gather here on Monday for an annual conference expected to focus on how companies can recover from the country`s longest recession on record.

Nokia to axe 330 jobs in Finland, Denmark
Handset giant Nokia on Friday said it will cut around 330 jobs in Finland and Denmark, as part of streamlining research and development operations.