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Saturday, February 11, 2012

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recession

Fertility rates dropping due to economic crisis

The first major recession since that caused by the oil shocks of the 1970s, brought a sudden trend r...

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Recession casualty Latvia holds general election

Latvians went to the polls today, as the Baltic nation emerges from a savage economic slump, with po...

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Workers rally across Europe against austerity drive

Thousands of workers staged protest across Europe amid mounting anger at painful spending cuts.

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Recession pain still real, despite end, Obama says

Obama said he doesn`t care that the Great Recession has been declared over by a group of economists.

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Himalayan glaciers showing consistent recession

A study by the Geological Survey of India has found that Himalayan glaciers in Gouri Ganga and Alak...

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US alone can’t pull global economic growth: Obama

America cannot be the only engine of global economic growth, US President Barack Obama said Wednesda...

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Cos eye former employees to beat talent crunch

The well-proven adage `Old is Gold` seems to guide corporates fighting talent shortage, as many enti...

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Finland, Sweden hit by record official recessions in 2009

The blast of the global downturn hit Finland and Sweden with the worst recessions for more than half...

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The Cold Blow

The winter crisis of the 1940s England holds strong parallels today, in its bitterness, scale and by...

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Leaders warn recovery could falter without help

World leaders and policymakers in Davos are nervous the global recovery could falter, especially if ...

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Now, it’s official: Britain is out of recession

Britain`s worst recession since World War II is over, official statistics confirmed Tuesday, but the...

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IIT graduates` annual salary drops by 5% to Rs 5.88 lakh

The average annual salary of graduates of the prestigious Indian Institutes of Technology has droppe...

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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,...

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China`s growth accelerates to 10.7 percent in 4Q

China`s economic growth accelerated to 10.7 percent in the final quarter of 2009, adding to pressure...

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Four US banks bite the dust in `10; three fail in one day

Three American banks closed businesses last week even as the US economy is slowly showing signs of r...

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Thanks to recession, premature retirement cases down in Army

The economic recession might have hit the world hard but it has had benefits for the Indian Army a...

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Germany suffers worst post-war recession in 2009

Germany suffered its worst recession since World War II last year when Europe`s largest economy cont...

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Recession has significant effect on education: UNESCO

The global financial crisis has had a significant effect on education, particularly in Least Develop...

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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...

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US economy loses 85K jobs as employers remain wary

US employers unexpectedly cut 85,000 jobs in December, cooling optimism on the labour market`s recov...

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Public sector pay rises in Britain despite recession: Report

Public sector employees in Britain are enjoying bigger pay rises, working fewer hours and receiving ...

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Nearly 40% of polled firms expect double-dip recession

Nearly 40 percent of major Japanese companies polled in a survey have said that the Japanese econo...

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US companies plan pay hike next year as economy recovers

American companies are planning to hike employees` salaries next year to retain talent as the econom...

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Japan can avoid double-dip recession: Minister

Japanese National Strategy Minister Naoto Kan said on Sunday the country`s economy can avoid a doubl...

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Business diary 2009

US economy exited severe recession in the third quarter of 2009, posting the strongest growth in two...

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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 h...

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White House says Congress will pass health bill

The White House on Sunday urged support for a compromise that would allow healthcare reform legislat...

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`China to lead world growth in next years’

China will contribute more than half of the world’s gross domestic product (GDP) growth in 2009 and ...

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IMF sees fragile global recovery

A fragile global economic recovery is under way, and a double-dip recession remains unlikely, the In...

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Singapore exports rise in November

Singapore`s exports rose for the first time in 19 months in November, further strengthening the coun...

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Citigroup, Wells Fargo repay govt bailout funds

The last two major national banks are returning USD 45 billion in aid to taxpayers, marking the late...

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Mumbai: Boomtown of post-recession world!

Businesses in Mumbai and Shanghai are set to leave behind NY and London post-recession.

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Touted best among G8, Canadian economy on rebound

Touted as the best among all the G8 economies during the current global slowdown, the Canadian econo...

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Debt-ridden Greece `in vital need of loans`

Greece described loans as "a matter of life and death" for its beleaguered economy as the government...

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Obama implores top bankers to increase lending

US Prez Obama implored top bankers Monday to help keep the fragile recovery from faltering by boosti...

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US recession `not over until jobs rate rises`

President Barack Obama`s top economic aide Christina Romer said Sunday that the improving US economy...

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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 a...

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Bank of England sits tight amid record recession

The Bank of England announced on Thursday that it was keeping its key interest rate at the all-time ...

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Economic recovery remains tentative: IMF

Economic recovery around the world remains tentative and the return to growth is still vulnerable to...

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UK slaps tax on bankers` bonuses ahead of election

The British government slapped a one-time tax of 50 percent on fat bank bonuses on Wednesday as it t...

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Japan`s July-Sept economic growth estimate cut sharply to 1.3%

Japan`s economy grew at a far slower pace in the third quarter than first thought as capital spendin...

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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 Presi...

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Bernanke admits mistakes, urges Fed independence

Federal Reserve chairman Ben Bernanke has admitted "mistakes" leading up to the economic crisis but ...

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Europe exits recession; EU economy grows 0.3% in Q3

Europe has emerged out of recession, with GDP in the 27-nation European Union expanding by 0.3 per ...

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Public debt imperils world economy

The debt dilemma confronting Dubai has thrown into sharp relief a new threat to the financial health...

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Bank of America amends pay for senior executives

Bank of America Corp, the largest US bank, amended on Friday the compensation agreements of two seni...

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Britain is last major nation in recession

Britain is the last major world power mired in recession, official data showed on Wednesday, but eco...

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Washington Post closes bureaus outside US capital

The Washington Post will close its remaining bureaus outside the US capital, the paper said Wednesda...

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Americans search for cheaper Thanksgiving trips

The Miles family is changing it up this year in the annual American race to make it to the table for...

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S Africa reports recession over with 0.9% growth

The South African economy has escaped from recession with growth of 0.9 percent in the third quarter...

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The fall of Man-mohan
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