Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
As an American of African descent, I swelled with pride when I heard that the Norwegian Nobel Committee selected President Obama to receive the Nobel Peace Prize. The award further validates what the 2008 presidential election demonstrated: The United States is the most mature and fully functioning multi-ethnic democracy in the world.
With its ever-increasing pockets of barren land and abandoned housing, Detroit may be the most financially devastated city in the country. Who would take on the task of trying to revive neighborhoods mired in economic blight? Try an institution built on faith and hope: Detroit's churches.
Police clashed with protesters for a second day outside a meeting of the International Monetary Fund and World Bank, CNN's sister network, CNN Turk, reported Wednesday.
I recently accompanied Margaret Chan, Director General of the WHO, and Ray Chambers, U.N. Special Envoy for Malaria, on a trip to Africa to see firsthand the region's fight against malaria.
In the financial crisis, Europe's banking sector has been the shoe that wouldn't drop.
A protester threw a shoe at the IMF director at the end of a question-and-answer session Thursday at a university in Istanbul.
The last 50 years have borne witness to a spate of climate-related disasters across the world causing over 800,000 fatalities and $1 trillion in economic losses.
The odds are against Brenda T. Buck, and she knows it. So she counts on what she calls the Sandwich Philosophy: "Take it one bite at a time."
This week the international community is converging on my chosen hometown of Pittsburgh, Pennsylvania, as heads of state gather for the G20 summit.
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
As an American of African descent, I swelled with pride when I heard that the Norwegian Nobel Committee selected President Obama to receive the Nobel Peace Prize. The award further validates what the 2008 presidential election demonstrated: The United States is the most mature and fully functioning multi-ethnic democracy in the world.
With its ever-increasing pockets of barren land and abandoned housing, Detroit may be the most financially devastated city in the country. Who would take on the task of trying to revive neighborhoods mired in economic blight? Try an institution built on faith and hope: Detroit's churches.
Police clashed with protesters for a second day outside a meeting of the International Monetary Fund and World Bank, CNN's sister network, CNN Turk, reported Wednesday.
I recently accompanied Margaret Chan, Director General of the WHO, and Ray Chambers, U.N. Special Envoy for Malaria, on a trip to Africa to see firsthand the region's fight against malaria.
In the financial crisis, Europe's banking sector has been the shoe that wouldn't drop.
A protester threw a shoe at the IMF director at the end of a question-and-answer session Thursday at a university in Istanbul.
The last 50 years have borne witness to a spate of climate-related disasters across the world causing over 800,000 fatalities and $1 trillion in economic losses.
The odds are against Brenda T. Buck, and she knows it. So she counts on what she calls the Sandwich Philosophy: "Take it one bite at a time."
This week the international community is converging on my chosen hometown of Pittsburgh, Pennsylvania, as heads of state gather for the G20 summit.
The world's tropical forests are disappearing, and one reason is simple economics: People, companies and governments earn more by logging, mining or farming places such as the Amazon jungle than by conserving them.
In the developing world millions of people struggle to operate machinery, read from a blackboard, or just see the world around them, because they don't have access to the eyeglasses they need.
Leaders of both industrialized powers and emerging economies have agreed to work together on setting a goal to limit global warming to levels recommended by scientists, U.S. President Barack Obama said at the G-8 summit.
Researchers in the U.S. have proposed a new way of allocating responsibility for carbon emissions they say could solve the impasse between developed and developing countries.
Worldwide trade will plummet by nearly 10% this year, and output will fall by 2.9%, the World Bank predicted in a report released Monday.
China can expect 7.2% growth in 2009, according to the World Bank, which says the country's fiscal policies in the face of a global financial slowdown have kept the Chinese economy "growing respectably."
Cell phone technology is helping developing nations prepare for disease threats such as a new strain of swine flu, an outbreak of measles or the increased spread of HIV.
Billionaire Bill Gates has urged industrialized nations to honor aid pledges to developing nations despite the recession.
The first comprehensive report into the human cost of climate change warns the world is in the throes of a "silent crisis" that is killing 300,000 people each year.
Treasury Secretary Tim Geithner, speaking Wednesday ahead of a meeting of international finance officials, said economies around the world need to work together to lay the ground work for a sound future.
The International Monetary Fund has raised its estimate of the amount of toxic assets that banks and financial institutions will have to dispose of or write down to $4 trillion.
The world has seen banks and businesses fail spectacularly since the recession began, but other vulnerable organizations in the developing world face devastation.
If there is one thing that Africa can learn from the global financial crisis it's that the West doesn't always get it right, Nobel Peace Laureate Wangari Maathai told CNN.
Treasury Secretary Tim Geithner will host a meeting of international finance ministers next week, the Treasury Department said Monday.
As Barack Obama headed back from his first diplomatic venture, two distinct views of his performance are emerging in Washington.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
India's prime minister, in a speech ahead of the G-20 economic summit, called for added funding to developing nations as a way to maintain demand in a troubled global economy.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
If money is power, China is now in a powerful position to play a critical role at the Group of 20 summit in London.
Zimbabwe will get no financial assistance from the International Monetary Fund until it moves ahead with sound policies and settles its outstanding debt, the IMF said Wednesday.
The money that foreign workers send home will shrink by $15 billion this year, as the global economy limps along, the World Bank projects.
When the economic downturn took hold last autumn, the management team at non-profit Kiva.org made a calculated bet to curb investment, anticipating that donors would slow the volume of small loans they make to entrepreneurs in the developing world. That slowdown never came. Now, the non-profit site is racing to keep up with user demand even while planning to bring its unique form of charity to the U.S.
The G-20 meeting in London, England, on April 2 will be watched by the entire world with urgency and with a yearning for hope, vision and programmatic clarity.
The global economic slowdown is so severe that the worldwide economy will contract for the first time in 60 years, the International Monetary Fund says.
As we mark International Women's Month in March, it is encouraging to see that the movement to recognize the vital role that women play in families, nations and economies has been building for more than a decade and that developments in the past few years have shown that real progress has begun to take hold.
The World Bank cut China's economic growth forecast in 2009 to 6.5 percent Wednesday, down a full percentage point from November's projection.
Financial experts from 20 nations urged more regulation and oversight of fiscal institutions to help prevent another monetary crisis, as they laid the groundwork Saturday for next month's G20 Summit of world leaders.
U.S. Treasury Secretary Tim Geithner on Wednesday said he wants to expand by ten-fold an emergency international fund that loans money to troubled countries.
The world economy is on track to post its worst performance since the Great Depression, with developing countries bearing much of the economic pain, the World Bank said Monday.
Obama administration officials huddled at the White House Thursday night with non-governmental organizations currently operating in Darfur, after the Sudanese president announced that 13 aid groups must leave the country.
The International Monetary Fund has announced it will send a fact-finding mission to poverty-stricken Zimbabwe next week to assess the nation's "economic situation and prospects."
Sudan ordered a number of international aid agencies to leave the country Wednesday after an arrest warrant was issued for the country's president, a United Nations source in the capital city of Khartoum said.
The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday.
Bob Hertzberg's audience seems as muted as the dismal gray skies outside.
A "shocking" number of people around the world are not aware that obesity and weight are among the main risk factors that can lead to cancer, a new survey has found.
With overall global economic growth slowing to a near standstill this year, 2009 will be the most challenging year for economies across the globe since World War II, according to an International Monetary Fund report released Wednesday.
The head of the Intergovernmental Panel on Climate Change has described as "tragic" the lack of action on climate change by developed countries.
Debate is rife in Australian political circles about whether carbon trading is the way forward for climate change abatement.
In many countries outside the United States, the cell phone is technology's answer to the Swiss army knife, functioning as a wallet, personal computer and more.
The World Bank announced its 'fast-track' economic assistance program Wednesday, which aims to make $2 billion in financial aid available quicker to countries in dire economic condition.
A group of nearly two dozen world leaders on Saturday reached agreement on a wide-ranging set of proposals to better regulate financial markets. Their goal is over the next several months to put rules and early-detection systems in place to head off another financial crisis like the one currently damaging economies worldwide.
Pakistan has agreed to borrow $7.6 billion from the International Monetary Fund to avoid adding an economic crisis to its struggle against Islamic militants, an official said Saturday.
One major issue in reducing global carbon emissions is how developing nations can lower both national poverty and carbon emission.
British Prime Minister Gordon Brown, on a tour of the Gulf, said he is seeking hundreds of billions of dollars to boost the International Monetary Fund's reserves
Hopes that robust growth in emerging markets would counteract the financial meltdown appear to be dashed as the contagion chokes their economies
In clearing Strauss-Kahn of violating any ethics code, the Executive Board made its disdain of his adulterous behavior clear
The executive board of the International Monetary Fund announced Saturday that although its director had "a serious error of judgment" in having an extramarital affair with an employee, he would stay on in his job.
Iceland is nearing a deal to borrow up to $2.1 billion from the International Monetary Fund to prop up its economy, the IMF and Icelandic Prime Minister Geir Haarde's office announced Friday.
The International Monetary Fund on Wednesday issued a gloomy economic outlook for the United States and the Western Hemisphere, saying U.S. economic growth will be close to zero or even slightly negative for the rest of 2008 and the following few months.
French managing director Dominique Strauss-Kahn is under investigation for possible abuse of power
The West has a rescue plan for its financial system, but struggling emerging economies may have to go it alone
European countries acted quickly Monday to shore up troubled banks by promising billions of euros in loan guarantees and capital investment.
Organizations that have a role in the global financial system:
World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.
Following is a list of organizations that have a role in the global financial system and what that role is:
Meeting in Washington, the fractious group of the world's richest economies says it will be decisive but doesn't yet commit to specifics
The Federal Reserve and Treasury Department haven't been able to stop the panic gripping U.S. financial markets.
Once the world's biggest donor nation, Japan is stepping up efforts to boost its influence in resource-rich developing countries by creating a super agency
Boosting connectivity should do the same to the continent's social and economic health, granting citizens access to crucial online health, education and government services
With such beautiful beaches, many tourists get no further than the resorts of Zanzibar. But there's plenty more on offer on these tropical islands in the republic of Tanzania.
Robert Conway is the CEO of the GSM Association, which comprises over 800 GSM mobile phone operators, manufacturers and suppliers from across the world.
It has been said before that environmental-friendliness is a luxury few can really afford.
The dollar gained ground against other major currencies Tuesday as oil prices tumbled and the global economy continued to show sings of weakness.
Oil prices fluctuated Tuesday as a stronger dollar and weakening crude demand from China balanced concerns about the Russia-Georgia conflict and its potential to disrupt crude supplies in the region
A call from the world's most powerful nations to establish the goal of halving greenhouse gas emissions worldwide by 2050, was criticized by environmentalists Tuesday.
President Bush's recent nomination of Santanu "Sandy" Baruah to head the Small Business Administration (SBA) was met neither by celebrations or jeers in the small business community, but by a resounding "Who?"
A new study says gentrification isn't a bad word, and that on average, a changing neighborhood can be a boon for its residents
President Bush has selected a new leader for the Small Business Administration: Santanu "Sandy" Baruah, who currently heads the Economic Development Administration at the Department of Commerce and has been a member of the Bush administration since 2001.
World energy use is expected to surge 50% from 2005 to 2030, largely due to an expanding population and rapid economic growth, according to a government report Wednesday.
Millions of people in Zimbabwe already facing economic hardship and hunger are being put at risk by a government ban on relief organizations, the United Nations warned Friday, saying it would urge a lifting of restrictions.
The World Bank is making $1.2 billion available in grants and loans to combat the global food crisis, including $200 million for those most at risk in the world's poorest countries.
As Myanmar began a three-day mourning period Tuesday, the World Bank reiterated that it cannot provide financial assistance or loans to the cyclone-ravaged country because of unpaid debts.
The United Nations is establishing a task force to address the global food crisis, which is "increasingly resulting in social tension," the world body said Tuesday.
Various proposed remedies to the global food crisis may not solve the problem, even as demand and - food prices - continue to climb
If all goes according to plan, the business of buying and selling rights to pollute the atmosphere with carbon dioxide and other greenhouse gases - carbon trading, as it is known - will curb global warming and save the world. That is its only purpose. Along the way, a lot of people will get rich.
By the year 2050, China will no longer be the most populous country in the world.
U.S. negotiators at a United Nations climate conference say steep emission cuts could further rattle the world economy, especially in the developing world
Lovisa Asinde is a Ugandan widow who supports herself and her five children selling food. She started the small business eight years ago, and planned to open a larger restaurant in the center of her town.
It is said that nowhere else on earth will the impacts of climate change be felt more acutely than in the developing world.
If you fix the cities, do you fix the problem? With 50 percent of the entire human race currently living in cities and responsible for emitting up to 80 percent of all global carbon dioxide (CO2) emissions every year, they certainly don't seem a bad place to start.
There was a time when oil prices needed the backing of a strong U.S. economy to reach record levels, but oil prices hit all-time highs again Wednesday even as a recession looms.
True or False: China, India and other developing countries are exempt from the Kyoto Protocol
Cutting down trees is pretty much one of the worst things you can do when it comes to climate change. Deforestation, by varying accounts, contributes anywhere from 20 percent to 30 percent of all carbon dioxide (C02) emissions -- around 1.6 billion tons.
Global finance chiefs drove home warnings over the market crisis Saturday, as concerns of a possible recession continued to trouble a meeting of world powerbrokers in Switzerland.
The next time you fall sick and someone suggests it's because of something in the water, they could be right. According to the World Bank, 88 percent of all diseases are caused by unsafe drinking water, inadequate sanitation and poor hygiene.
A major donors conference to raise funds for the Palestinians has gone beyond expectations, with donors pledging $7.4 billion to help build a Palestinian state, organizers said Monday.
In a dramatic reversal Saturday, the United States rejected and then accepted a compromise to set the stage for intense negotiations in the next two years aimed at reducing carbon dioxide emissions worldwide.
The world came together to solve the climate change crisis, and dragged along the U.S., kicking and screaming
Ten years after Kyoto, nations are wrestling once again over climate change. But big questions remain to be answered
China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead
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