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Economy - International

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News.BBC.co.uk

Japan's worst recession in decades continues to deepen. The world's second largest economy saw industrial production fall by 10% in January, the biggest monthly drop since records began more than half a century ago. Video.

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UK Telegraph

Railway freight in China’s Shanghai region plunged 31% in January and industrial production fell 12%, dashing hopes that Beijing’s stimulus policies will soon begin to fuel recovery.

News Link • Global Reported By Trouser Chili
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MarketWatch

"We are now seeing some of the concerns [about the economy] turning into reality, and we know there are unsolved issues ... that could delay a recovery for the global economy further," said So Jang-ho at Samsung Securities.

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arclein

The Chinese are doing everything and then some that I had hoped that they would do. This is more than I can say for the USA. They are taking this global economic interlude to shift purchasing power internally to maximize internal economic growth at a

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creditwritedowns.com/

Switzerland, like Iceland, is threatened with a potential national bankruptcy. One consequence would be that the Swiss currency could fall massively in value — possibly even crash.

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Telegraph.co.uk/finance/

It is clearly Ireland that is now in the eye of the storm as Dublin struggles to prevent the budget deficit spiralling up to 12pc or even 13pc of GDP as the economy contracts. Fears are mounting that Ireland may not be able to cover the massive liabi

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Michael Shedlock / Mish

A meltdown possibility in US banks, UK banks, and Eurozone banks as the entire global banking system is insolvent. Conceivably a framework for a new transatlantic or even global currency could come out of such a meltdown.

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CalculatedRiskblog.com

Many expatriates here talk about Dubai as though it were a con game all along. Lurid rumors spread quickly: the Palm Jumeira, an artificial island that is one of this city’s trademark developments, is said to be sinking...

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Reuters

The global economic crisis has become the biggest near-term U.S. security concern, sowing instability in a quarter of the world's countries and threatening destructive trade wars. The director of national intelligence's annual threat assessme

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Michael Shedlock / Mish

In an extraordinary admission about the severity of the economic downturn, Ed Balls even predicted that its effects would still be felt 15 years from now. The Schools Secretary's comments carry added weight because he is a former chief economic a

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