News tagged with economic crisis

Storm warning: Financial tsunami heading this way

In today's global village, national coffers are more interconnected than ever before. And as the current economic crisis has proven, a downturn in one country can travel in a wave across the globe, like a financial tsunami. ...

Other Sciences / Economics & Business

created Feb 09, 2012 | popularity 3 / 5 (3) | comments 7

Japan's Panasonic set for $10.2 billion loss

Japan's Panasonic on Friday warned it would see its worst-ever net loss of 780 billion yen ($10.2 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.

Technology / Business

created Feb 03, 2012 | popularity not rated yet | comments 0

Clouds gather over Spain's renewables sector as aid cut

Spain's push to become a world leader in renewable energy risks collapsing after the government slammed the brakes on generous subsidies as part of an austerity drive.

Technology / Energy & Green Tech

created Feb 02, 2012 | popularity not rated yet | comments 0

Research: Is fair value really fair?

As the United States continues its struggle to emerge from the worst economic crisis since the Great Depression, a practice known as fair-value accounting has been taking heat. Critics—mostly banking associations—say ...

Other Sciences / Economics & Business

created Jan 31, 2012 | popularity not rated yet | comments 0

Tough economy curbs clean energy investment: experts

A global economic slowdown and the eurozone debt crisis have curbed government investment in renewable energy, experts warned Tuesday.

Technology / Energy & Green Tech

created Jan 17, 2012 | popularity 5 / 5 (1) | comments 3

Samsung Group to invest record $41.56 bln this year

South Korea's Samsung Group announced it would invest a record 47.8 trillion won ($41.56 billion) this year and hire an all-time high of 26,000 new employees despite global economic gloom.

Technology / Business

created Jan 17, 2012 | popularity not rated yet | comments 0

Anti-depressant use soars in England, linked to recession

The use of anti-depressant drugs in England has soared by 28 percent in the past three years, coinciding with the country's fall into recession and the global economic crisis, new figures showed Friday.

Medicine & Health / Psychology & Psychiatry

created Dec 30, 2011 | popularity 3 / 5 (2) | comments 4

Cuba to use sugar cane in new electricity plant

Cuba will open its first electricity plant using sugar cane as a biofuel hoping eventually to meet 30 percent of its energy needs from the fuel source, the official Granma daily said Thursday.

Technology / Energy & Green Tech

created Dec 22, 2011 | popularity 4.7 / 5 (3) | comments 7

Russia slams Kyoto Protocol

Russia supports Canada's decision to pull out of the Kyoto Protocol, says its foreign ministry, reaffirming Friday that Moscow will not take on new commitments.

Space & Earth / Environment

created Dec 16, 2011 | popularity 5 / 5 (1) | comments 24

Industrial 'inertia to change' is delaying development of zero carbon homes, report finds

Tackling rising CO2 emissions from the residential sector could make a vital contribution towards mitigating climate change, according to a new report from the UCL Bartlett School of Planning.

Space & Earth / Environment

created Dec 15, 2011 | popularity not rated yet | comments 1

S.Africa ideal for world's largest telescope: minister

South Africa is well-placed to host the world's largest telescope because the costs would be lower, according to the deputy science minister.

Space & Earth / Space Exploration

created Dec 13, 2011 | popularity not rated yet | comments 0

Europe's Vega rocket launch set for early 2012

Europe's new Vega rocket, which can place a 1.5-ton satellite into low-Earth orbit, is expected to see its first launch early next year, Arianespace chief Jean-Yves Le Gall said Thursday.

Space & Earth / Space Exploration

created Dec 08, 2011 | popularity 3.7 / 5 (3) | comments 1

Cybercrime against businesses 'explodes'

More than one in three companies say that in 2011 they have been victims of fraud, a report said on Tuesday, with reports of cybercrime targeting businesses around the world skyrocketing.

Technology / Internet

created Nov 29, 2011 | popularity 4 / 5 (1) | comments 0

States could see substantial savings with tobacco control programs

States that have shifted funds away from tobacco control programs may be missing out on significant savings, according to a new study co-authored by San Francisco State University economist Sudip Chattopadhyay.

Medicine & Health / Health

created Nov 28, 2011 | popularity not rated yet | comments 0

World Health Organisation plans financial reforms

The World Health Organisation plans financial reforms as it seeks to cope with budget shortfalls the global economic crisis, an official said Friday.

Medicine & Health / Health

created Nov 04, 2011 | popularity not rated yet | comments 0

Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

For more information about Financial crisis, read the full article at Wikipedia.
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