Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.

The IMF ch

US President Barack Obama warned on Thursday that Europe must ‘act fast’ to conquer its debt crisis, after saying the continent's troubles posed a serious threat to the fragile US economy.

"They have

Policymakers from across the world engaged themselves in emergency huddles today to discuss the twin-trouble of an unprecedented downgrade in the US' credit-worthiness and the debt crisis in Eurozone.