World

• Dubai debt meltdown, another financial crisis?
• World oil demand to fall 1.63 pct in 2009: OPEC
• Closure of 106 banks in US highest in nearly 20 years
• Economic downturn to fuel lawsuits
• China calls for SCO's joint response to global economic downturn

• Obama says US economy likely to contract in 2nd quarter
• World Bank predicts decline in money transfers
• US wholesale inventories fall 9th straight month in May
• G8 summit aims at enhancing confidence in global economy
• Zoellick: World economy remains in danger

• ECB keeps interest rate unchanged at record low
• Eurozone economy shows early signs of improvement 
• Japan's industrial output rises 5.9% in May
• EU employment sees steepest drop in first quarter
• IMF projects solid US recovery in mid-2010

• Wall Street tumbles on stronger US dollar, weak economic data
• Philippines counting on China to lead region out of crisis
• IMF head: Global economy only to recover in 2010
• IATA: World Airline industry faces risks and challenges
• Jobless rate in UK to keep rising long after end of recession