News tagged with financial crisis

Time to act on COPD

As leading figures in respiratory health from across the globe gather in Birmingham for the COPD8 conference ahead of World Spirometry Day, the European COPD Coalition (ECC) is calling on policy makers across Europe to recognise ...

Jun 20, 2012
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Global Fund to Fight AIDS to slash over 100 jobs

The Global Fund to Fight Aids, Tuberculosis and Malaria said Wednesday it is cutting over 100 jobs, in an overhaul after a rough financial period and a scandal in which millions of dollars went missing.

May 02, 2012
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Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

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