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SYDNEY, Australia (AFP) — Australia’s sharemarket Tuesday broke above 6,000 points for the first time since the global financial crisis, pushing past a psychological barrier amid optimism about the world economy. The benchmark S&P/ASX 200 briefly passed 6,000 in mid-day trading, after failing to breach the level in several attempts over recent years. The market plunged below 6,000 in 2008 as the financial crisis sent shock waves through global markets. “We are going through this […]
by Omar Hasan Agence France-Presse DUBAI, United Arab Emirates (AFP) — The International Monetary Fund on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis. Oil exporters in the Middle East, especially those in the Gulf Cooperation Council, have been hit hard by the collapse in crude prices which provided a major part of their finances. Following the […]
PARIS, France (AFP) — The global financial crisis may have caused an additional 500,000 cancer deaths from 2008-2010, a new study said Thursday, with patients locked out of treatment because of unemployment and healthcare cuts. The figures were extrapolated from an observed rise in cancer deaths for every percentage increase in unemployment, and every drop in public healthcare spending. “From our analysis we estimate that the economic crisis was associated with over 260,000 excess cancer […]
