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November 6, 2008: The IMF predicted a worldwide recession of −0.3% for 2009. On the same day, the Bank of England and the European Central Bank, respectively, reduced their interest rates from 4.5% to 3%, and from 3.75% to 3.25%. [160] November 10, 2008: American Express converted to a bank holding company. [161]
At the annual meetings, the governors of the World Bank and IMF also meet in plenary sessions. Until the 2008 financial crisis, both the spring and annual meetings were preceded by meetings of the G7 finance ministers. Amid an unfolding global financial crisis, for the first time the 2008 annual meetings included a meeting of G20 finance ...
Putin was Time magazine's Person of the Year for 2007; [34] these selections are based on the person or persons "who most affected the news and our lives, for good or ill". [35] In April 2008, Putin was put on the Time 100 most influential people in the world list. [36] Criticism of Putin has been widespread especially over the Runet. [37]
It is hardly surprising that Putin’s cronies are taking victory laps and celebrating the IMF’s legitimization of the Kremlin. After 2 years of peddling Putin’s propaganda, the IMF is ...
The 2008 financial crisis gave birth to our current hyper-polarized moment. Staving off a political backlash is just as important as preventing economic fallout
Vladimir Putin said the decision was "correct and brave". In March, 2010, the U.S. and Russia agreed to reduce their nuclear arsenals. [5] In May 2010, major powers including the U.S., China, and Russia agreed on sanctions against Iran. Three days later, the Obama administration cancelled sanctions against the Russian state arms export agency ...
President Biden, third from left, and Ukrainian President Volodymyr Zelenskyy, center, and other G7 leaders pose for a photo before a working session on Ukraine during the G7 Summit in Hiroshima ...
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.