Washington - President-elect Barack Obama will meet with none of the 20 world leaders descending on Washington this weekend for an emergency financial summit, the head of Obama's transition team said Tuesday.
Obama will remain in his home town of Chicago for the weekend continuing preparations to enter the White House on January 20 and will host no foreign dignitaries, according to John Podesta, co-chair of Obama's transition team.
New York - The world's richest governments should draw on their political will to assist poor countries as the amount of bail- out money in developed countries have far exceeded the funds wealthy nations have provided for development in poor ones, UN Secretary General Ban Ki-moon said Tuesday.
Vienna - The plan by Austria's postal service Post AG to close 77 per cent of its post offices in the coming years will be put on hold by decree, Austrian Infrastructure Minister Werner Faymann announced Tuesday.
As part of the restructuring plan, the state-owned Post also wants to lay off 9,000 of its 25,800 employees by 2015, according to Austrian media reports.
Washington - The World Bank on Tuesday sharply cut its growth forecast for developing countries in light of the spreading financial crisis and said it would loan up to
100 billion dollars over the next three years to help the countries worst affected.
The global development bank lowered its 2009 growth prediction to 4.5 per cent for developing countries, down from a forecast of 6.4 per cent made just last month, due to the ongoing credit crisis, falling exports and lower commodity prices.
London, Nov 11 : A Brit man, who was fined after his garbage bin overturned and the bags spilled into an alley, has fired back at the council for wasting thousands of pounds of taxpayers money.
Care worker Gary Rostron, 34, had been fined 60 pounds by council snoopers for dumping rubbish, even though he was at work when the incident took place.
Rostron protested his innocence and refused to pay. Council chiefs took him to court for breaching environmental laws, where magistrates found him not guilty following a trial costing up to 3,000 pounds.
Islamabad, Nov 11 : The International Monetary Fund (IMF)’s executive board’s meeting, which is scheduled to be held on Nov 22, is likely to approve a two-year 7.5 billion dollar bailout package under the stand-by arrangement (SBA).
The IMF will extend the loan under the newly created short-term liquidity facility (SLF), under which all the emerging economies with a strong record of implementing rigid macroeconomic policies, but caught up in the global financial crisis, are eligible for loans.
Washington - President-elect Barack Obama will meet with none of the 20 world leaders descending on Washington this weekend for an emergency financial summit, the head of Obama's transition team said Tuesday.
New York - The world's richest governments should draw on their political will to assist poor countries as the amount of bail- out money in developed countries have far exceeded the funds wealthy nations have provided for development in poor ones, UN Secretary General Ban Ki-moon said Tuesday.
Vienna - The plan by Austria's postal service Post AG to close 77 per cent of its post offices in the coming years will be put on hold by decree, Austrian Infrastructure Minister Werner Faymann announced Tuesday.
Washington - The World Bank on Tuesday sharply cut its growth forecast for developing countries in light of the spreading financial crisis and said it would loan up to 
London, Nov 11 : A Brit man, who was fined after his garbage bin overturned and the bags spilled into an alley, has fired back at the council for wasting thousands of pounds of taxpayers money.
Islamabad, Nov 11 : The International Monetary Fund (IMF)’s executive board’s meeting, which is scheduled to be held on Nov 22, is likely to approve a two-year 7.5 billion dollar bailout package under the stand-by arrangement (SBA).
