World Business News

According to the New York Times, the Bush Administration has lost valuable time in coming to grips with the American financial crisis for ideological reasons. The rot started when the US Treasury decided not to use taxpayer money to save...

According to the NYT, when the Bush administration brought out its $700 billion bailout two weeks ago, its sheer size was meant to restore confidence nationally and globally. But only three days after the plan became law, “it looks like...

The economic crisis and terrorist attacks in Mumbai have severely affected India’s mid-term growth plans. But, fortunately, India has an asset that only a few nations possess — a dynamic and huge diaspora the GDP of which nearly equals 30...

Ireland’s parliament has passed all stages of a bill to guarantee the loans of all Irish Banks as the international credit crunch bites. Ireland’s lower and upper houses (Dail & Seánad) sat through the night for the first time in...

As US markets are crashing and burning (except for today) rumors are starting to circulate in the financial markets about another crash--Dubai. There has been a dramatic surge in borrowing by Dubai to build massive super structures like the world's...

An Illinois Sheriff has decided enough is enough! He's suspending mortgage foreclosures until, he claims, mortgage companies start to do their homework and work with people, instead of paper. Considering the current financial crisis, will this be a new trend?...

[poll: Will the bailout help? ] Despite all the warnings from Congress, the President, mainstream media and of course the banking industry, that the bailout package was a "necessary evil" to cure the ills of the Wall Street financial mess,...

The Icelandic Government seized control of the country’s biggest banks last night in an attempt to fend off wholesale economic collapse. Turmoil at the banks, whose shares were suspended by the Government yesterday afternoon, had sparked panic in the tiny...

As U.S. and European auto markets will see further declines, J.D. Power predicts growth will slow in developing nations. NEW YORK (CNNMoney.com) -- As the economic downturn continues to hit consumers' wallets, market analysis firm J.D. Power is predicting even...