Economic crisis deepens in Europe, Asia
LONDON (AFP) - The global financial crisis took a fresh toll on economies from Asia to Europe on Friday, with Japan and India suffering setbacks and Sweden the latest European nation to fall into recession.
Nations:India Sweden Japan Italy Ireland France People:Robert Zoellick Activities:2008 Global Recession
2008-11-28
Airbus in training flight crashes in Mediterranean
PARIS - An Airbus A320 passenger plane crashed off the coast of southern France during a training flight Thursday, killing at least one of seven people on board, French authorities said.
Nations:France Spain Source:(AP)
2008-11-27
EU, China, US unleash global assault on crisis
BRUSSELS (AFP) - The EU proposed a 200-billion-euro stimulus package on Wednesday to jolt Europe's economy out of recession, as China cut its interest rates and the United States poured yet more cash into the economy.
Nations:China Argentina France Germany Hong Kong U.S. People:Angela Merkel Barack Obama Activities:Global Financial Crisis
2008-11-26
Oil prices tumble; gas falls to 2004 levels
COLUMBUS, Ohio - Oil prices fell nearly 7 percent Tuesday and gasoline prices fell to levels not seen since 2004 as a raft of lousy news about the economy, housing and the consumer state of mind suggested the U.S. is headed toward the worst recession in decades.
Nations:France U.S. Hungary Activities:2007-8 Oil Crisis Source:(AP)
2008-11-25
Recession fears send world markets down
LONDON - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
Nations:Italy South Korea Australia Activities:Asian Markets European Markets Source:(AP)
2008-11-20
Leaders seek to prevent future economic crisis
WASHINGTON - World leaders battling a historic economic crisis agreed Saturday to flag risky investing and regulatory weak spots in hopes of avoiding future financial meltdowns.
Nations:Japan India Brazil U.K. France U.S. People:Nicolas Sarkozy Jim Leach Gordon Brown Robert Zoellick Angela Merkel Barack Obama Activities:G20 Summit
2008-11-15
Obama receives congratulations from world leaders
CHICAGO - President-elect Obama accepted congratulations from nine presidents and prime ministers Thursday, returning calls from world leaders who reached out after his presidential victory.
Nations:Mexico U.K. South Korea Canada Afghanistan Iraq People:Kevin Rudd Lee Myung-Bak Nicolas Sarkozy Gordon Brown Felipe Calderon Ehud Olmert Activities:Obama Admin. US Election 2008
2008-11-06
Around the world, US vote sparks buzz for change
BERLIN - Throngs packed plazas and pubs around the world to await U.S. elections results Tuesday, many inspired by Barack Obama's promise of change amid a sense of relief that -- no matter who wins -- the White House is changing hands.
Nations:France Germany Israel Cuba U.K. Kuwait People:Barack Obama Sarah Palin John McCain Activities:US Election 2008 Source:(AP)
2008-11-04
China plane-makers take first steps to rival global giants
ZHUHAI, China - China's fledgling aerospace industry took a major leap forward Tuesday at the nation's only international air show as it announced its first sale of commercial aircraft to a US company.
Activities:Airshow China 2008 Source:(AFP)
2008-11-04
Global stock markets stage rebound
LONDON (AFP) - Global stock markets rebounded Tuesday as investors hunted for bargains after days of massive losses and took heart from prospects for a cut in US interest rates.
Nations:South Korea France Activities:Global Financial Crisis Hong Kong Markets Japanese Markets Chinese Markets Source:(AFP)
2008-10-28
Recession alarm rings around the world
PARIS (AFP) - Giants of the auto, airline and technology industries ordered emergency action against the global financial crisis on Friday as shares took a new hammering amid mounting gloom.
Nations:France Japan U.K. Turkey Slovenia Slovakia People:Gordon Brown Alan Greenspan Activities:Global Financial Crisis
2008-10-24
Stocks tumble on worries about earnings forecasts
NEW YORK - Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial average, which finished off its lows with a loss of 514 points.
Nations:Germany Japan France Activities:Global Financial Crisis U.S. Markets Source:(AP)
2008-10-22
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