THE NEWS WRAP: IMF chief warns of 1930s-like slump

By Oliver Milman
Tuesday, 24 January 2012

The world could be faced with a 1930s-style economic slump unless the eurozone debt crisis is resolved, the head of the IMF has warned.


Christine Lagarde said that the eurozone needed a “larger firewall” if it was to prevent the debt crisis from spreading. 



Qantas pay deal approved


A pay agreement between Qantas and the licensed engineers union has finally been given the green light by the workplace umpire.


Fair Work Australia's approval of the deal, which will see union members receive a 3% pay rise, is the first of three disputes that Qantas is attempting to negotiate, following the grounding of its fleet last year.




Megaupload boss denies internet piracy in NZ court


Kim Dotcom, the online entrepreneur who has been accused of obtaining illegal profits through his site, has denied charges against him in a New Zealand court.


The German national was arrested in New Zealand on request of the FBI, which claims he has earned $175 million from copyright infringement.





The Dow Jones Industrial Average fell by 24.68 points, or 0.2%, to 12,695.80. The Australian dollar moved above 105 US cents for the first time since October.

Share This page :

Comments (0)

Subscribe to this comment's feed

Write comment

smaller | bigger

Invalid Input

Follow us

StartupSmart on Twitter StartupSmart on Facebook StartupSmart on LinkedIn

Subscribe to StartupSmart RSS feeds


Sponsored Links

Our Partners

  • Paradise Point castle: Most Discounted Trophy Home of the week
  • Harvey Norman co-founder Ian Norman snaps up NSW central coast's most spectacular mansion: Title Tattle
  • Rydges gets a taste for Big Apple-style dining in Brisbane South Bank hotel
  • Chinese developer set to buy Sydney office block as more Asian funds eye CBD properties
  • Land values in The Hills, NSW jumps 10% in three years