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Even though bank bailout packages worth hundreds of billions of dollars in the US and Europe have boosted market confidence for now, the crisis in the financial system is expected to reverberate in the wider economy, and its fuller extent is not yet assessed....
Tags: Asian, Asia-Europe, David Miliband, global economic, foreign secretary, economic crisis, secretary david, asian nation
Recovery from a cyclone that tore into Myanmar's Irrawaddy delta in May, leaving at least 138,000 dead or missing, will cost more than $1 billion, a report by the United Nations and Southeast Asian nations concluded. It's a relief to confirm there is...
Tags: Myanmar, Cyclone Nargis, John Holmes, myanmar cyclone, comprehensive assessment, emergency relief, United Nations, relief coordinator, asian nation