A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.
The crisis is not over as unemployment is likely to continue rising for the next 10 to 11 months, Dominique Strauss-Kahn, managing director of the IMF, told CNBC Thursday.
The price of oil looks set to rise further as political factors limiting investment will join rising demand and a weak dollar among factors pushing up prices, analysts told CNBC Wednesday.
The healthcare reform that the House of Representatives approved late Saturday is bad for the US and will actually damage the health care system, Steve Forbes, CEO at Forbes, told CNBC Monday.
General Motors is already feeling the backlash of its decision not to sell European automaker Opel to Magna International, as workers in Germany went on strike. GM faces not just ire over American-European cultural differences, but worker unease at job security, European-style.
Keeping Opel is the best strategic option for General Motors given the improved economic conditions, but the automaker needs to appease German politicians' and trade unions anger over its about-face and adapt itself to German ways, European analysts said Wednesday.
The economy and the stock market have very good potential to climb, as the strength of the recovery will surprise many, two market experts told CNBC Tuesday.
The world will slump into a depression similar to that in the 1930s if stimulus measures are pulled out too soon, an economist warned. But investors have a chance to make good money in stock markets, a strategist said.
The dollar acts like a protectionist barrier and is likely to weaken further, helping to re-balance the world economy to a certain extent, Bill Gross, the influential manager who runs top bond fund Pimco, told CNBC Wednesday.
Most investors follow the same strategy of borrowing in dollars and investing in assets across the world and when the greenback's downward trend will reverse, there may be a crash in global assets, Nouriel Roubini, Chairman, RGE Monitor, told CNBC Monday.