To tackle the worst financial crisis of the decades, US Treasury Secretary Henry Paulson urges Congress to quickly pass a $700bn package.
According to the plan a fund will be set up to buy back much of the bad debt that financial institutions and banks around the world hold.
In an Interview with US television, Paulson called [...]

A UN report warns that the poor countries of the world would see the worst impact of worldwide economic slowdown during the next year.
Because of the economic recession worldwide, the expected growth in many developing countries is lower than 1% and the things would be worsen during the next year.
Unctad, UN agency for the developing [...]

French energy firm EDF is not about to pronounce an invasion of British Energy, the company said the BBC.
EDF and British Gas owner Centrica were expected to pay above than £12bn to the organization which possesses 8 British nuclear energy stations.
The French firm notified clearly, “After in-depth negotiations, EDF would contemplate that the state of [...]