A Way Out of the Crisis

September 7th, 2009 MOSCOW - "Recession could be ending, but crisis will continue - Russian experts say. This was the result conclusion of the meeting held on Thursday by the experts from the Institute of Contemporary Studies (INSOR) and the Finance & Investment Markets Players Club (KIFIR).

August 18th, 2009 MOSCOW - On Thursday 27 August experts of Finance & Investment Markets Players Club (KIFIR - www.kifir.info) will be joined by the experts from Russia's Institute of Contemporary Development (INSOR - www.riocenter.ru/en) to discuss the following: - Influence of financial crisis on different sectors of Russian economy during the period of September 2008 - September 2009; - Effectiveness of governments anti-crisis action scenarios for the given period; - Current status of Russia's financial sector: issues and tendencies; - Forecasts and recommendations based on analysis of current trends: theory and practice. The Club experts include representatives from Central Bank of Russia, State Duma, BP, Peter Hambro Mining, Finance Magazine and others.

July 12th, 2009 MOSCOW - Outside its borders, Russia was always famous for its creative achievements in arts and sciences. Plays of Russian writers still fill up theatres around the world.

July 6th, 2009 DORTMUND and HAMBURG, Germany - Picture is available via EPA (European Pressphoto Agency) and can be downloaded free of charge at: www.presseportal.de/pm/64793/?live The shopping gallery "Neues Thier-Areal" in the city of Dortmund ranks among Europe's largest privately financed projects being launched in the midst of the financial crisis. Just in time for the start of construction in July, ECE has secured the funding for the 300-million-Euro project in Dortmund.

June 8th, 2009 BRUSSELS - Hands Up for Education! - Education International is Working Hard to Persuade Governments Around the World of the Need to Invest in Education as a Positive Response to the Global Economic Crisis To that end, EI has launched a new campaign and web site called "Hands up for education: The smart strategy for economic recovery." It aims to assist EI's 400 member organisations in their efforts to ensure that funding for public education is enhanced, not cut, as governments struggle to cope with the impact of the crisis. "The web site will be a vital tool for linking EI's global advocacy with national and local action to encourage reinvestment in strong and stable public education systems to meet the needs of the knowledge society," said Fred van Leeuwen, General Secretary of Education, the global union federation representing 30 million teachers and education workers in 170 countries.

April 27th, 2009 BONN and ESCHBORN, Germany - Middle East and Northern African Markets for Telecommunications Face Lower Capital Expenditures due to Financial Crisis While the financial crisis is darkening the mood of business forecasters around the world, the telecommunications industry in the Middle East and Northern Africa (MENA) shows little inclination to be pessimistic, according to the results of a recent study from the consulting company Detecon International. More than one-third of the industry managers surveyed have yet to notice any negative effects on their core business.

March 30th, 2009 LONDON - Unite warned that the closure today (Tuesday) of the Visteon plants at Belfast, Basildon and Enfield once again pointed up the desperate problems besetting UK manufacturing, and hammered home again the need for strategic governmental support for the sector. The plants were put into administration at midday today, with the loss of approximately 600 jobs across three UK sites.

March 11th, 2009 PARIS and BARCELONA - "The economic crisis has put transportation at the crossroads: We urgently need to address the prioritisation of investment serving the most productive activities and notably international trade in goods and services", said Jack Short, Secretary General of the International Transport Forum (ITF), at the EIB Forum in Barcelona on Thursday, warning that "in the present crisis, efficiency and profitability of infrastructure investments are crucial for the future of transportation". Public funding is scarce and private investments recently have become more difficult to obtain.

March 10th, 2009 TORONTO and LONDON - With world markets and the global economy still in turmoil, an event to be held in London, UK later this month takes a timely look at the financial crisis. The discussion will be based on The Finance Crisis and Rescue: What Went Wrong? Why? What Lessons Can Be Learned?, a book recently published by Rotman/UTP Publishing, an imprint of University of Toronto Press, in partnership with the Rotman School of Management.

March 10th, 2009 MOSCOW - published an article by Vladislav Malkevich, Director General of Expocentre (Moscow). The theme of the article: the impact of the world financial crisis in its broad economic context on exhibition activities in Russia.

June 22nd, 2009 Sarkozy warns crisis not over yetVERSAILLES, France — French President Nicolas Sarkozy warned Monday that the economic crisis "is not finished," but added that the profound changes it is causing mean France's views will carry more weight around the world. Sarkozy also pledged that he would not introduce austerity policies as a result of the downturn, and said "I will not raise taxes because ...

August 19th, 2009 ISLAMABAD - The US will provide all help to Pakistan to deal with its crushing energy crisis, but it has no "magic solution" to the ongoing crisis, top US envoy Richard Holbrooke has said. "We are committed to resolve the energy crisis in Pakistan.

June 4th, 2009 Bernanke: crisis shows need for more researchWASHINGTON — Federal Reserve Chairman Ben Bernanke says the global financial crisis highlights the need for economists to deepen their understanding of how events on Wall Street can affect the broader economy. In prepared remarks to a Fed conference, Bernanke says: "The rationale for such research has certainly been underscored by the financial crisis that began in August 2007 and the powerful adverse effects of the crisis on economic activity around the globe." The Fed chief's remarks didn't mention current economic conditions, or offer clues as to whether the central bank would announce any additional steps to shore up the economy at its meeting later this month.

June 22nd, 2009 NEW DELHI - Minister of State for External Affairs Preneet Kaur will represent India at the United Nations' conference on the economic crisis this week. A statement from the ministry said that Kaur's participation was in the context of Indias proactive and constructive engagement with the global community in order to address and meet the challenges posed by the crisis.

March 19th, 2009 NICOSIA - Shaikh Khalifa Bin Zayed Al Nahyan, the President of Abu Dhabi, has denied rumours that his government wishes to acquire companies owned by the Dubai Government. He attributed the rumours to misinterpretations about the relations between the emirates and stressed that the impact of the global financial crisis on the national economy had been exaggerated.

February 15th, 2009 BANGKOK - More than 11 countries, including India, are expected to participate at a meeting in Manila in Philippines to discuss the responses to the current economic crisis. Ministers of labour and finance, senior UN and government officials, workers and employers' representatives from Asia and the Pacific will meet in Manila from Feb 18-20 for the forum titled 'Responding to the Economic Crisis - Coherent Policies for Growth, Employment and Decent Work in Asia and the Pacific', a press statement issued by the International Labour Organisation said Monday.

April 25th, 2009 Dalai Lama: Economic crisis teaches money's limitsSANTA BARBARA, Calif. — The Dalai Lama says the global economic crisis will teach people that peace of mind, family and friends can bring happiness when money is lacking.

January 27th, 2009 DAVOS - The World Economic Forum (WEF) opened in Davos Wednesday with an aim to address the current economic crisis and other global challenges. The five-day annual meeting is expected to attract more than 2,500 representatives from 96 countries, including a record 43 heads of state or government and 1,400 business leaders, organisers said.

July 15th, 2009 Angelides, Thomas to head financial crisis probeWASHINGTON — Phil Angelides, former state treasurer in California who lost a 2006 bid to become state governor, and Bill Thomas, a former House Republican from California who chaired the Ways and Means Committee, have been picked to lead an independent investigation into the financial crisis. The 10-member panel is expected to recommend by Dec.

July 1st, 2009 PUNE - Water crisis looms large over Pune, as delayed arrival of monsoon has lead to the drying up of water in Khadakwasla dam, lone source of water to the city. According to the Pune Municipal Corporation (PMC) authorities, only 2.23 per cent of water is now available in the dam.