A gloomy outlook for the global economy

David Lipton, the first deputy managing director of the International Monetary Fund (IMF), told the Financial Times, on the sidelines of the recently concluded annual conference of the American Economic Association, "The next recession is somewhere over the horizon, and we are less prepared to deal with that than we...

UN lambasted on high-level appointments

The world's developing countries, comprising over two-thirds of the 193 UN member states, are complaining they are not being adequately represented in the higher echelons of the world body - despite competent candidates with strong professional and academic qualifications vying for these jobs.The 134-member Group of 77, the largest single...