BOSTON - TRUST in business plummeted worldwide last year, as the global economic crisis sent financial institutions pleading for government support, leaving average people to question industry's ability to bring prosperity, according to a survey released on Tuesday.
Some 62 per cent of informed adults aged 25 to 64 told the Edelman Trust Barometer that they trusted businesses less than they had a year ago, with respondents in the United States and Western Europe more suspicious than those in emerging economies.
MADRID - WORLD tourism will stagnate in 2009 with numbers dropping by up to two percent as the economic downturn bites, the United Nations' tourism agency said on Tuesday.
The World Tourism Organisation (WTO) 'expects 2009 international tourism to be in a range of zero to two percent decline,' according to a statement released by its Madrid headquarters.
DAVOS (Switzerland) - LAVISH parties thrown by top Wall Street bankers used to be the talk of the annual Davos forum but the economic crisis has forced belt tightening this year.
The number of A-list bankers who will debate the global turmoil at the World Economic Forum starting on Wednesday has been cut and many financial institutions have slashed their entertainment budget.
