The Bank of England acted more swiftly and more decisively on Thursday than most economists had expected to inject a further round of stimulus into the economy, as its governor warned that the nation may be facing its "most serious financial crisis ever."
Apple’s mystery men line up to fill the void left by Jobs
The people now in charge of Apple are still enigmas to most outside the technology industry, and it is difficult to imagine any of them taking on the mythic proportions of Steve Jobs, the co-founder who died on Wednesday.
Europe's central banks have escalated dramatically their use of unconventional policy weapons in a bid to calm nervous financial markets and prevent the continent's economies from sliding into recession.
IFC Loan Creates Job Opportunities in Georgia, Boosts Agriculture and Exports
Tbilisi, Georgia, October 4, 2011-IFC, a member of the World Bank Group, signed a $1.5 million loan agreement with Georgian wine producer and exporter Tbilvino, creating employment opportunities in rural areas and benefitting small farmers.
U.S. "close to faltering," Fed ready to act: Bernanke
The Federal Reserve is prepared to take further steps to help an economy that is "close to faltering," Fed chairman Ben Bernanke said on Tuesday in his bleakest assessment yet of the fragile U.S. recovery.
Moody's lowered its rating on Italy's bonds by three notches on Tuesday, saying it saw a "material increase" in funding risks for euro zone countries with high levels of debt and warning that further downgrades were possible.