Joseph Alan Alonso

British Prime Minister David Cameron announced that his government is willing to provide additional funding in the amount of £29 billion to boost the fund of the International Monetary Fund (IMF) as part of its desire to save the Euro currency.

As expected, leaders and financial managers of European nations were kept busy by developments in Greece during the first day of the Group of 20 Summit which was supposed to have been spent to put together strategies in enhancing economic growth and environmental concerns around the globe.

Events in Greece during the past two days may have spoiled the efforts of EU leaders who have been working very hard to resolve the crisis that has put most parts of Europe on the brink of economic collapse.

With foreign exchange reserves going up from $749 million to $312.231 billion last month (based on Reserve Bank of India’s statistics), India is another candidate from the group of top emerging economies of Asia that could contribute to resolving the financial woes of the Euro zone.

Of all the emerging economies, China is in the best position to assist the ailing nations in the Euro zone due to its abundant financial reserves. However, it has all the right reasons not to do so in the near term.

Australian Prime Minister Julia Gillard has committed to double her government’s support for the International Monetary Fund (IMF) when she meets with Group of 20 (G-20) leaders in Cannes.

Environmental and health groups are campaigning aggressively for a boycott of Johnson & Johnson’s baby shampoo and other company products after it confirmed that the baby shampoo with toxic chemicals are still being sold in countries like the U.S., Australia Canada, China and Indonesia.

Greek Prime Minister George Papandreou’s hasty decision to call for a referendum on the Euro zone bailout package has caused adverse effects ranging from the fall of stock markets all over the world to fears of a global downturn.

A week after member-nations of the European Union opted to support an extended fund to bail out problematic Euro zone economies, pressing developments are taking place that have been the cause of concern for countries all over the globe.

The good news for cost-conscious shoppers is that they can always look forward to Black Fridays and Cyber Mondays for some of the best bargains and the most affordable online prices.

The Australian economy is developing at a quicker rate since 2008 as local consumers continued to spend more money both on basic necessities and luxury commodities while European nations continue to experience the effects of the debt crisis.

In April 2009, Australia was ranked No. 11 by the International Monetary Fund (IMF) among the world’s richest countries based on gross domestic product with a GDP of US$1.011 trillion.

The announcement by Greek Prime Minister George Papandreou that he is pushing through with a referendum on the EU rescue agreement has not only jolted financial markets but gave rise to more apprehensions of a pending economic destabilization and even recession.

Euro nations are banking on the 6th annual Group of Twenty (G20) Summit in Cannes, France from Nov. 3 -4 to help hold back a looming global economic slump.

Australian Foreign Minister Kevin Rudd and European Commission Vice President Baroness Catherine Ashton are meeting in Canberra to foster teamwork in security, development assistance and climate change.

The intercession of Australian Prime Minister Julie Gilliard is seen as one of the major reasons for the prompt resolution of the Qantas labour dispute.

The government of Greek Prime Minister George Papandreou has decided to go on with economic reforms and austerity measures purportedly to take advantage of the EU covenant that could reduce the country’s huge debt.

Leading Republican presidential candidate Mitt Romney is accused of changing his colors again, this time on one of the most sensitive global issues, climate change and human impact.

Despite a pact reached last week, euro zone leaders are still far from achieving a lasting solution to the protracted sovereign debt crisis in the European continent.

The campaign against polio has received an added boost with the declaration of world leaders to channel more funds in the fight against Poliomyelitis.

The inadvertent accounting blunder made at the government-owned Hypo Real Estate does not only highlight a case of inefficiency on the part of bank personnel.

At long last, leaders of the Eurozone have reportedly agreed on a common stand to resolve the two-year old debt crisis in the region.

Pacemakers are expensive and valued at £15,000 to £35,000. However, these are considered useful and some specialized versions can even help in rectifying heart failure, according to some doctors in the U.S.

A report in 2009 by the European Commission on the Economic Crisis in Europe highlighted the need for a framework in crisis prevention, mitigation, control and resolution.

The possibility that leaders of the Euro zone would eventually agree to enhance the European Financial Stability Facility (EFSF) is a long-awaited development for the 17 member-nations as well as other nations closely monitoring the turn of events in Europe.

Online exhibitionism is growing at an alarming rate with more and more people getting bolder in posting photos and video clips via social networking sites such as Facebook and Twitter.

The decision of China to work with Europe and purchase Euro bonds from countries affected by the sovereign debt crisis within its capability is part of its foreign aid policy which is to provide foreign aid without imposing any political stipulations.

The capital city of Thailand along with 20 provinces has been overcome by what could be the most terrible flooding in Thailand’s history.

Watch out! Consuming large amounts of soda may not be advantageous to the health because of four hazardous ingredients.