European Union officials say the 16 nations that use the euro face a recession this year, which will bring rising unemployment and growing government debts. Officials say the economies will shrink by 1.9% this year, while unemployment goes above 9%.

The cost of living in the United States fell by a record amount in November, as the price of gasoline and other goods dropped sharply as Americans hit by recession cut their demand.

In a stunning report the IHT is reporting that the New York Times is mortgaging its Manhattan based headquarters in cash crunch.

French President Nicolas Sarkozy has unveiled a stimulus plan worth more than $30 billion to fight the economic and financial downturn. From Paris, Lisa Bryant reports for VOA.

A rule of thumb is that recessions are indicated by two consecutive quarters of negative growth (or contraction) of gross domestic product (GDP). As such, it generally is something economists look back on, indicating a recession started months in the past.

When the gas prices started coming down one of the first things that worried me was the thought that this may scale back the efforts to produce more clean and alternative energy. Recently the media is not writing about clean and alternative energy very much, instead we cover more about the downward movement of the economy and the gas prices.

It is not a secret that the U.S. economy is declining. This has already become a major problem for almost everyone in the international financial markets, homeowners, small business and the list can go on. According to Federal Reserve Vice Chairman Donald Kohn's opinion, the economic crisis is the most serious one since 1990s.

The European Union says 15 nations that use the euro as their currency are officially in a recession, as world leaders gather in Washington to discuss the global financial crisis. The 27-nation EU as a whole avoided the same fate only by recording zero, rather than negative, growth in the second quarter.

Investing in strategic, focused marketing, even in turbulent times, makes it possible to stay one step ahead of your competitors and leverage yourself to an even stronger position when market conditions improve.

A new report says the U.S. economy and GDP declined in the third quarter, between July and September - the strongest indication yet that the nation may be sliding into a recession.

TM Forum panel of leading experts to address the impact of the current financial market turmoil

MORRISTOWN, NJ - TM Forum announced today it is to address the growing concerns of companies from across the communications value chain about the impact of the current global financial crisis on service providers, in a special keynote panel debate on November 18, 2008 at TM Forum’s Management World Orlando conference.

It's no secret that foreclosures are up across the United States. But when Tracy Orr's house went up for auction this Saturday, an angel swept in to save her house from foreclosure.