The leaders of three of Asia's biggest economies have vowed to work more closely together to reduce the damage caused by the global financial crisis.

The World Bank has forecast a significant decline in global economic growth in 2009 for both developed and emerging countries.

India is cutting fuel prices from midnight to take advantage of falling crude prices and to try to boost the economy amid the global crunch.

India has announced $4bn (£2.72bn) in extra spending to boost its economy as the global financial crisis unfolds.

Banks now employ thousands of highly-qualified mathematicians to quantify risk for them. So why did they not foresee the credit crunch? Quantitative finance lecturer Paul Wilmott explains how a failure to see beyond the numbers might be to blame.

Oil and food shortages combined with rising inflation have created a sense of economic crisis in India and the mood is beginning to turn grim.

A leading South African scientist has warned that gross underinvestment in water management has left it at risk of a cholera outbreak.

The European Commission President Jose Manuel Barroso has called for a 'human rescue' package to help poor countries.

The G20 summit in Washington was a striking event first of all for who was there.

India's first unmanned lunar spacecraft, Chandrayaan 1, has placed a probe on the surface of the Moon.