Economic Development

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The challenge in Copenhagen: reshaping the world

AP News yesterday

Success at Copenhagen climate summit means reshaping the world as we know it Next month's climate summit in Copenhagen seeks to transform the way we run the planet, from the generation of energy, to the building of homes and cities, to the ...

IMF boosts lending scheme to 600 billion dollars

AFP Global Edition yesterday

The International Monetary Fund announced Tuesday athat a lending scheme to aid countries hit hard by the financial crisis had grown to 600 billion dollars. The Washington-based Fund said that an additional 13 potential countries had agreed to join 26 nations in ...

Washington to pay 13.7 million to mistreated protesters

AFP American Edition yesterday

The city of Washington has agreed to pay 13.7 million dollars to some 700 demonstrators and bystanders mistreated by police during demonstrations against the World Bank and International Monetary Fund in 2000. "We think it's an historic settlement. It's the largest settlement ...

World Bank to start agriculture fund with $1.5 billion

Reuters US Online Report World News yesterday

WASHINGTON (Reuters) - The World Bank will start a trust fund to boost agriculture in poor countries with an initial $1.5 billion, its president Robert Zoellick said on Tuesday, warning of the risk of another food price crisis. Crop shortages in India ...

Half of banks' losses may be unknown: IMF chief

Reuters US Online Report Business News yesterday

PARIS (Reuters) - Half of the losses suffered by banks could still be hidden in their balance sheets, more so in Europe than in the United States, the International Monetary Fund's chief, Dominique Strauss-Kahn, was quoted as saying on Tuesday. In an ...

MassEcon creates Web listing of business sites

AP News yesterday

Massachusetts development partnership creates property listing site to lure, retain businesses The Massachusetts Alliance for Economic Development has created a Web site listing more than 70 market-ready sites around the state to promote expansion opportunities for businesses. The registry is aimed at ...

Court: NY can seize property for new NJ Nets arena

AP News yesterday

Top court rules that state can seize property to build arena for New Jersey Nets in Brooklyn New York's top court ruled Tuesday that the state can use eminent domain to force homeowners and businesses to sell their properties for a massive ...

Brooklyn Arena

AP News yesterday

In this photo taken Nov. 19, 2009, Bruce Ratner, president and CEO of Forest City Ratner Companies, talks in New York. In a 6-1 ruling Tuesday Nov. 24, 2009, New York's top court says the state can use eminent domain to force ...

World oil demand growth to outpace supply in 2010: poll

Reuters US Online Report Business News 2 days ago

LONDON/NEW YORK (Reuters) - Growing world oil use will likely outpace the rate of new supplies in 2010, eroding the huge stockpiles of crude which have mounted around the world since the start of the global economic crisis. According to a Reuters ...

DC agrees to $13M settlement over protest arrests

AP News 2 days ago

DC agrees to $13M settlement with protesters arrested at 2000 World Bank, IMF meetings The District of Columbia has agreed to pay more than $13 million to settle a lawsuit by protesters arrested during demonstrations nine years ago. The preliminary agreement was ...

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