Daily News Channel
Police used pepper gas and water cannons to disperse crowds of demonstrators who took to the streets Tuesday to protest a meeting of the International Monetary Fund and the World Bank. Some protesters broke shop windows in and around Taksim square before scurrying for cover as police armored cars hosed them with water
Not since the days of President Daniel arap Moi, a classic African “Big Man,” has the U.S.
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession. The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.
Manchester United have warned French side Le Havre they will take action against them unless they stop repeating claims that the English Premier League champions offered financial inducements to Paul Pogba’s family in order to lure the teenager to Old Trafford. United have grown angry at the sustained assault by Le Havre, which came in the wake of a transfer ban imposed on Chelsea last week for a similar infringement of the rules.
In a country accustomed to surprises from its government, Nicaraguans received another curiosity on May 15 when they awoke to find that the Central Bank, moving in the night as stealthily as the Tooth Fairy, had snuck a new legal tender into their economy while the markets were sound asleep.
Economist Nouriel Roubini, chairman of New York-based research firm RGE Monitor, earned the nickname “Dr. Doom” by warning as early as 2005 that America’s speculative housing boom could trigger an economic crisis