News analysis

Iceland faces a long road to recoveryFinal IMF approval of a US$2.1bn loan to Iceland marks only the first step in restoring the country's credibility in international markets. Supported by additio...

Ireland's economy faces three years of declining outputThe Irish economy is already in a deep recession and it now appears almost certain that activity will continue to contract over the next two y...

It’s official (nearly): Iraq’s government wants America’s army out by the end of 2011WHEN General David Petraeus, now America’s most celebrated military commander, arrived in Iraq in 2003 at the he...

If Detroit’s disintegrating carmakers are bailed out, Europe’s will be next in lineIT IS not just in Washington, DC, that a fierce debate is being conducted about whether to provide state aid to th...

Relations between Angola and France remain troubledThe trial in Paris of 42 individuals accused of involvement in illegal arms deals to Angola is threatening to upset efforts by the French presiden...

The significance of the latest attacks by Somali piratesPIRATES do not win every encounter. On the evening of Tuesday November 18th an Indian warship attacked and destroyed a suspected Somali pirat...

Japan enters a recessionJapan's economy fell into recession in the third quarter of 2008, as businesses sharply cut back on spending and as net exports made a negative contribution to growth. The d...

The surprising idea that Hillary Clinton could become Barack Obama's secretary of stateIN THE absence of fact, rumour will dominate: and the latest exciting rumour to emerge from Chicago, where Bar...

Yahoo!’s boss, Jerry Yang, a nice person and a pioneer of the web, is quittingJERRY YANG of Yahoo!, one of the world’s largest internet companies, appeared at an industry conference in San Francisc...

Citi will lay off tens of thousands of workers, but it needs to do more to show it is in control of its destinyANNOUNCING 50,000 job cuts is a strange way to reassure staff. That, however, was the ...