Economic growth may slow to 1 percent in 2009 from 2.4 percent this year, the Munich-based Ifo institute said June 24, a day after reporting that its gauge of business confidence dropped to a two-year low.

Corruption and death of China! Is China about to go burst or rising higher? Is a runaway government corruption destroying Chinese economy and peace? What is really behind Chinese finance, politics, trade, politics and society?

This financial crisis has redefined the notion of "talking heads." At any time on business news channel CNBC, 10 of them can be crowding the screen — to the point that it looks like a class picture come to life.

The M.A. Kharafi Group of Kuwait has established the Kiwan Tourist Investment Company to build, finance, equip, and operate a major tourism & commercial project – the “Kiwan project” – in the heart of Damascus (Omaweyine Square).

Transactions gone sour inon Wall Street have triggered a historic government rescue plan for U.S. economy and poisoned global finance, disrupting markets that trade everything from sugar to credit.