2008 global financial crisis

2008 global financial crisis News

Dubai loses glitter as VAT tax crimps demand in city of gold

United Arab Emirates dominated by expats, sells most of its gold products to foreign jewelers, a proposition that became costly and cumbersome with the introduction of the tax this year.

Japan vows to 'never give up' search for Islamic State hostages

"We will never give up. We will bring them home," said Deputy Foreign Minister Yasuhide Nakayama.


India looks to Raghuram Rajan for salvation

Rajan's steadying voice of authority has given a boost to investor confidence.