Gloomy forecasts for UK economy

[Gloomy forecasts for UK economy   T The Bank of England governor and an influential think tank have predicted that the UK economy is likely to sink...

Rising costs to dominate G8 talks

The impact on the global economy of price rises and other shocks such as the credit crunch have eclipsed ongoing G-8 and also D8 meeting taking place in Malaysia. " The impact on the global economy of price rises and other shocks such as the credit crunch have eclipsed other...

German Inflation Worst in 15 Years, Wages Decline

"German inflation picked up speed in June, jumping to an annual 3.3 percent, the fastest pace since 1993, from 3.0 percent in May, official figures showed Friday.As inflation climbs and indicators point to an economic slowdown, there are growing concerns Germany and the...

South African Floods Raise Death Toll

At least 10 people have died and an unknown number are missing after serious flooding burst banks, dams and bridges in Durban, South Africa. Police and rescuers said cars had been swept away and buildings, even railways tracks were damaged."At least six people have been...

Malnutrition death toll rises in East Nusa Tenggara

" The death toll from malnutrition in East Nusa Tenggara has increased to 23 following the death of a child in Sumba regency on June 14. East Nusa Tenggara health office head Stefanus Bria Seran said in Kupang on Monday that his office was making efforts to limit the...