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WASHINGTON—The global economy is slowing this year, the International Monetary Fund said on Tuesday, cutting its forecasts for growth and warning of a deeper downturn if Europe doesn't take stronger action to stem its debt crisis.
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ATHENS—Talks between Greece and its private sector creditors over a ˆ100 billion ($131 billion) debt write-down edged towards an agreement, with bond holders seemingly willing to accept lower yields on their future holdings of Greek debt, a source close to the talks said Friday.
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David Cameron has attacked the "madness" of European regulations and taxes in a speech to global business leaders in Davos, Switzerland.
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Key talks between Athens and its private creditors are set to resume later to try to agree a debt write-off that would dramatically reduce Greece's debt levels.
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Blackberry-maker Research In Motion (RIM) has said its co-chief executives Mike Lazaridis and Jim Balsillie have stepped down in a shake-up.
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Recent News
| 0 | 3 |
| 23 January, 2012 | 07:08 | |
| Investors fight for powers to block 'rewards for failure' | |
| 0 | 3 |
| 22 January, 2012 | 04:16 | |
| Greek talks continue despite creditors 'leaving Athens' | |
| 0 | 4 |
| 21 January, 2012 | 05:11 | |
| German minister suggests transaction tax 'compromise' | |
| 0 | 5 |
| 20 January, 2012 | 06:00 | |
| Nationwide says UK consumer confidence is at a low ebb | |
| 0 | 7 |
| 19 January, 2012 | 06:10 | |
| Analysts warn Greek deal might not be enough | |