World-News

Two-thirds facing a pay cut or freeze:

More than two-thirds of British companies plan to cut or freeze their workers' salaries this year, the British Chambers of Commerce said yesterday, as it warned that private sector employers face a desperate battle to survive the recession.

http://snipurl.com/gy0vh



Meltdown losses of '$4 trillion'

The International Monetary Fund (IMF) has warned credit crunch losses could reach $4 trillion (£2.75tn), damaging the financial system for years to come.

http://news.bbc.co.uk/2/hi/business/8009734.stm



'Deeper' recession ahead says IMF

The IMF says this represents "by far the deepest post-World War II recession" with an actual decline in output in countries making up 75% of the world economy.

http://news.bbc.co.uk/2/hi/business/8011907.stm



Row with emerging nations threatens IMF's cash call

Russians warn that the IMF must deliver on its power-sharing commitments.
http://snipurl.com/gy0z9


From Information Clearing House



http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=IMF
http://freepage.twoday.net/search?q=credit+crunch
http://freepage.twoday.net/search?q=financial+system