The International Monetary Fund has given priority to poor countries by stating that it will take certain steps to help poor countries in the present recession scenario. Many poor countries are in great trouble because of the economic problems worldwide. IMF recently made the statement that it will increase funding …

A two day meeting is taking place between U.S. and China. President Obama will address the meeting which is being attended by Wang Qishan and Dai Bingguo, Chinese Vice Premier and State Councillor respectively. It seems that China is worried about the value of dollar. Currently China holds more than …

Unemployment is at all time high in U.K as there was an increase of 281,000 in the number of unemployed people in three months to May. According to the Office of National Statistics, there are 2.38 million unemployed people in U.K. This is the highest unemployment in U.K. in more …

The Real Estate business is improving in U.S. with an increase in the sales of homes. The sales have been increasing for third month in a row in June. Also, the increase has been better than expected. Sales which were 4.77 million in May rose to 4.89 million in June.

Even …

Porche finally gave in to the months – long power struggle to Volkswagen when it fired its chief executive. Also, it declared that it will try to raise €5 billion in equity for the possible merger of Volkswagen and Porsche. Porsche’s board of directors meeting came to an end with …

Thanks to iPhone sales especially that of its new 3GS model, Apple’s quarterly results turned out to be better than expectations. Apple sold 5.2 million iphones in this quarter which was seven times better than its sales a year ago. The declaration by Apple resulted in an increase in its …