THE World Bank says it is willing to provide the Central Statistics Office with US$200 000 to assist the Government’s data collection arm to come up with timely and credible figures for the prompt implementation of pertinent policies.

The World Bank said last night it was gearing up to lend $100bn (£63bn) over the next three years to protect developing nations from the economic contagion spreading from richer western countries. Dashing hopes that the world's emerging economies might escape relatively unscathed from the downturn, the Bank said it expected almost 40 million people to fall into poverty as a result of the ...

The bank said Russia's high dependence on the price of oil made the impact of the financial crisis more pronounced, but said Moscow's response had been quick and thorough.

MOSCOW, Nov 18 (Reuters) - The World Bank on Tuesday halved its forecast for Russian economic growth next year, but praised Moscow for a speedy and thorough response to the impact of the global financial crisis. It now expects the economy to grow 6 percent this year and 3 percent in 2009, compared with pre-crisis forecasts of 6.8 and 6.5 percent respectively, largely due to the collapse in world ...

The latest Internet concept involves the creation of a world-wide “cloud” to store massive amounts of data. Think of the cloud as an “information bank” which will largely replace your hard drive as a place to store your data.

The dollar slipped on Tuesday against the euro, erasing earlier gains due to weak US pricing data, but the chairman of the US Federal Reserve insisted the US remained the premier world currency.

The global financial crisis marks the first time since World War Two that the heart of the finances of the industrial world has been at stake, European Central Bank President Jean-Claude Trichet said on Tuesday.

The head of Nomura Holdings Inc (8604.T), Japan's largest brokerage, said he expects more global acquisitions and consolidation among Japanese regional banks as the financial crisis takes its toll on economies around the world.