global economic crisis

Luxury shoemaker Kurt Geiger has posted a record annual profit - suggesting there is still a demand for designer footware despite the global economic crisis.

Immigration to rich countries dropped during the global economic crisis, reversing five years of annual increases as the demand for labor fell, the Organization for Economic Cooperation and Development said Monday.

Rich countries must strengthen financial market regulation and bring down their oversized government deficits, two of the biggest new challenges to have arisen from the global economic crisis, the OECD said Wednesday.

China's central bank governor acknowledged Saturday that Beijing is using its controversial exchange-rate controls to cope with the global economic crisis and said it will be cautious about retreating from the policy.

Western Europe's corrosive unemployment, which has risen to an average of almost 10 percent as a result of the global economic crisis, is likely to get worse before it gets better.

Switzerland's 300 richest individuals and families lost a total of $10 billion this year as the global economic crisis soured businesses and weakened investment portfolios.

As Asia and the United States emerge from the global economic crisis, Europe appears likely to be the world’s laggard.

The global economic crisis isn't over yet, despite positive signals from Europe's biggest economies, the head of the International Monetary Fund warned in comments published Saturday.

China is reversing some market-opening reforms amid the global economic crisis and raising new barriers to foreign computer services and other companies, a European business group said Wednesday.

Swedish bank Swedbank said Monday it is raising 15 billion Swedish kronor ($2.1 billion) in a new share issue to strengthen its capital position, which has been tested by the global economic crisis, particularly in the Baltic countries.