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Two years after eclipsing Japan as the world’s second-largest economy, China has stolen the number two spot on the Fortune 500 list.
Struggling US internet firm Yahoo! will slash some 2 000 jobs in a sweeping restructuring aimed at building a "nimbler, more profitable" company.
The World Bank says Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent.
The US has promised it was not seeking to halt China’s rise, but nevertheless said human rights and economic reforms would serve Beijing’s interests.
Conflict and violence are holding back global economic growth and trapping 1,5-billion people in dire poverty, the World Bank said on Sunday.
The IMF raised growth forecasts on Thursday as the global economy pulls out of a nosedive, but warned recovery faces stiff headwinds.
The International Monetary Fund (IMF) holds its spring meeting in Washington, DC, on Saturday amid what officials describe as the worst financial crisis since the 1930s…
The global economic outlook is becoming increasingly grim as the United States appears unable to escape recession from a housing meltdown, the effects of which are still…
The head of the International Monetary Fund (IMF), Rodrigo Rato, warned on Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar…
The International Monetary Fund (IMF) on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the United States housing sector…
World Bank president Paul Wolfowitz implored the lender’s board on Tuesday to keep his job, promising changes in his management style in the wake of a damaging favouritism…
The Airbus A380, the biggest airliner built to date, completed a momentous maiden flight on Wednesday, winning praise from one of the pilots as a ”magnificent machine” and…
