As the financial crisis claimed more victims this week on Wall Street, the rest of the world's markets and banks have been in turmoil. In Britain, 45,000 banking jobs are now in jeopardy. VOA's Mandy Clark looks at the global financial fallout of th...
Equity markets in Europe and the Americas declined sharply on Wednesday as investors worried that the overnight decision by U.S. authorities to take over the troubled insurer American International Group, or AIG, may not be enough to stem the financ...
A new study says that a global agreement on climate change will come too late to save the majority of the world's coral reefs. The research comes as the Queensland state government announces a new multi-million dollar plan to protect the Great Barri...
In his first parliamentary question session since last week's European leaders' summit where economics took center stage, British Prime Minister Gordon Brown has warned that many countries must brace for recession in the real economy. For VOA, Tom R...
President Bush says America's commitment to international development is strong, even in tough economic times. VOA's Paula Wolfson reports that Mr. Bush's comments came Tuesday in an address to a conference on development issues organized by the Whi...
Aid agencies warn that East Timor faces a food crisis and more than half of its youngest children are going hungry as global food prices soar. A new survey reveals that more than 70 percent of households across East Timor are unable to find enough t...
Developing countries in Africa are bracing for serious setbacks in their economies. One of the countries that may feel the effects of the downturn more acutely than others is Kenya, which suffered months of political unrest earlier this year. VOA Co...
Asia's stock markets are calming down after days of heavy selling. Economists and market analysts say coordinated interest rate cuts in the United States and other countries helped steady investor nerves. But, as Ron Corben reports from Bangkok, man...
A report released by British think-tank Chatham House warns that while the international community must do more to stop rampant piracy in Somalia, piracy cannot be eradicated without finding a long-term solution to the country's political problems....
World markets were mixed Wednesday amid efforts to revive a $700 billion US bailout package aimed at rescuing troubled American financial institutions and reversing tight credit that could strangle global economic growth. VOA's Michael Bowman report...