Africa 'faces increased poverty': Millions of Africans could be pushed back into poverty and conflict as a result of the global financial crisis, the head of the International Monetary Fund (IMF) has said.
Ireland's economy 'to shrink by 6%': "This is likely to result in an unemployment rate averaging over 11 per cent for the year. However, risks to this outlook remain to the downside."
Worst collapse in UK manufacturing in four decades: The “horrendous” scale of Britain’s industrial recession has been laid bare by figures showing that manufacturing output is declining at the fastest rate since records began more than 40 years ago.
Bank to begin 'printing money' to boost economy: The Bank of England will start pumping newly created money into the economy today by buying £2 billion in gilts as it embarks on "quantitative easing" in an effort to boost the economy.
Seven states post jobless rates above 10 percent: Michigan was saddled with the nation's highest jobless rate in January, 12.5 percent in statistics that were not seasonally adjusted. It had been the only state to rise above 10 percent during the previous month, December 2008.
US companies pull out of retirement contributions: A wave of US companies are suspending payments to their staff 401(k) retirement plans in a bid to cut costs amid the economic downturn.
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