WASHINGTON: The US Senate on Wednesday approved a revised $700 billion bailout plan, which will authorise the US government the largest financial intervention since the Great Depression. 2 Oct 2008

Pigheadedness and politicking cost American taxpayers $1.1 trillion from their savings and retirement funds yesterday and the cost to the world's economies will be much greater than it need be if a package isn't passed soon - without watering down. 1 Oct 2008

The current global economic environment is cause for concern for all of us, according to North West Premier Edna Molewa, who says South Africans are in for a tough time. She said while it was expected that the value of houses in South Africa would decline, the high cost of living was making it difficult for owners to make their monthly bond payments. 30 Sep 2008

For much of the last decade, AIG was the shining star in the insurance industry. Last week this all changed, when a liquidity crisis at the company forced the US government to intervene. 26 Sep 2008

For much of the last decade, AIG was the shining star in the insurance industry. Last week this all changed, when a liquidity crisis at the company forced the US government to intervene. 26 Sep 2008

Markets plunged almost immediately following the news of the resignation of cabinet members on Tuesday, including Finance Minister Trevor Manuel and his deputy Jabu Moleketi, with the All Share dropping 4% and the rand giving up 25 cents to the dollar. 23 Sep 2008

Markets remain calm and almost unperturbed by the announcement of the resignation of President Thabo Mbeki delivered in a televised address on Sunday evening, say economists. 22 Sep 2008