China's richest man said on Thursday the government needs to give up any "fantasy" of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammere
Cyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid.
Any Israeli attacks on Iran's nuclear facilities are unlikely to cause a Fukushima-scale disaster unless a Russian-built reactor is destroyed, experts say.
They could, however, release toxic chemicals - rather than high levels
Bahrain has succeeded in overcoming the fallout of the global financial meltdown on the economy, Central Informatics Organisation (CIO) chief Dr Mohammed bin Ahmed Al Amer said.
According to the CIO 2010 Report, sound economic policies ena
A hydrogen explosion rocked the earthquake-stricken nuclear plant in Japan where authorities have been working desperately to avert a meltdown, compounding a nuclear catastrophe caused by Friday's massive quake and tsunami.
Japan fought on Sunday to avert a meltdown at three earthquake-crippled nuclear reactors, describing the massive quake and tsunami, which may have killed more than 10,000 people, as the nation's biggest crisis since World War Two.
A lack of risk management and rating agencies that gave triple A ratings to assets which were garbage were the real cause of the financial crisis, an expert said.
That, more than the excesses of banker, were the cause of the meltdown, Bahr
The European Union said on Tuesday it would press ahead with its own banking levy after the world's top economies failed to agree on taxing an industry seen as a main culprit behind the global economic meltdown.
Dubai has recovered from the worst of the fallout from the global economic crisis, the emirate's ruler Shaikh Mohammad bin Rashid Al Maktoum, who is also the UAE Prime Minister, has said.
'We have overcome the crisis with the
Bahrain banks have been urged to join forces with the private sector to adopt bold initiatives aimed at ensuring continuous economic and trade momentum.
"Such an alliance would insulate these vital economic pillars from the detrimental rep