Newest Posts in World Economy Atom Feed from Searchles Fri Jul 25 04:03:05 -0400 2008 en-us IMF raises world economic targets Majic Global market relief on U.S. move to rescue mortgage giants Beamer Made in China proves false economy for some Mindscout Consumer Electronics Revenue Expected to Top $700B Mark in 2009 Kimberley McKee Despite a slowdown in the U.S. economy, worldwide revenue for consumer electronics will grow nearly 10% percent this year, hitting the $700 billion mark by 2009, according to new data from the Arlington-based Consumer Electronics Association (CEA) and the GfK Group. Led by consumers in countries such as Brazil, Russia, India and China, sales of electronics is expected to rise $42 billion next year over 2008 levels. In fact, by 2009, China will account for nearly 15% of global consumer electronics revenue, trailing only North America (22%) and Western Europe (16%). Topping the list of most purchased items will be GPS units, laptop computers and mobile phones. Where People Spend The Most on Food and Fuel | The Bare Necessities | Economist the_wako_kid THE soaring cost of food and fuel is a concern for the governments of rich and poor countries alike. Many households in Africa and Asia shell-out more on food and fuel as a share of total spending and so are disproportionately hit by rising prices. But in some poor countries fuel subsidies help to ease the pain. Global markets shudder after new worries about U.S. financial institutions lamiaha The Star- World Economy hohum An outlook on the world economy for the coming year. Asia property on a roll, but is easy money elsewhere? jonj Saudis get serious on oil prices paulh Prepare for stock market crash, says bank db99 The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. Oil hike sparks 'serious concern' phassan The US and the four largest economies in Asia are to voice "serious concerns" over "unprecedented" oil prices. Russia blames U.S. for global financial crisis driftabit Russian President Dmitry Medvedev blamed "aggressive" United States policies on Saturday for the global financial crisis and said Moscow's growing economic muscle could be part of the solution. How green fuels are starving the world db99 The rush to biofuels is hurting the world's poor, as crops that can be made into ethanol are diverted away from food production. But with oil at record highs, what is the alternative? GE eyes world's next big worry: water diane_court Surging oil prices have captured the attention of consumers and leaders around the globe, but General Electric Co is already on to what it thinks will be the world's next big worry -- water. As Oil Prices Rise, Nations Revive Coal Mining maybelline Nooo, bad! Oil rebounds as Opec refuses to increase supplies bob_sacamano The price of oil bounced back to record highs today when Opec refused to increase supplies following Saudi Arabia's promise to the US that it would provide an extra 300,000 barrels a day. ECB head: Credit crunch 'ongoing' Gambo The credit crunch is continuing and it is not evident that the worst is over, the head of the European Central Bank has told the BBC. Economists see credit crisis nearing end harp WASHINGTON (AP) -- First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise. Fed's Lockhart says world will feel U.S. slowdown Mindscout Globalization's New Logic: the Rise of Developing-World Multinationals the_wako_kid In March, India's Tata Group made headlines with its $2.3 billion acquisition of Jaguar and Land Rover (JLR) from Ford, the latest in a series of high-profile mergers and acquisitions in which well-known Western brands such as IBM, Barclays Bank, Tetley Tea and Corus steel have been bought, in part or entirely, by multinational corporations from developing economies.