Foreign governments are outraged over a provision of the stimulus bill requiring that any manufactured goods used in public works projects connected with stimulus money come from American suppliers. Experts mull the dispute. Continue reading
Iceland’s coalition government collapsed Monday under the pressure of the country’s financial meltdown, the first government to fall as a direct result of the worldwide economic crisis. Continue reading
The start of a new year also marks a shift in the leadership of a key international institution, with the Czech Republic becoming only the second former Iron Curtain nation to take the mantle of the European Union. Continue reading
As the world’s industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system.
As global markets try to steady themselves amid an economic crisis, world leaders pledged to pump billions of dollars into U.S. and European economies to allay the problems. A panel of financial experts discuss the move. Continue reading
Stocks across the world closed with large gains Monday after European and U.S. officials poured billions of dollars into struggling banks as part of emergency plans to restore confidence in global financial markets. Continue reading