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
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
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
US moves to get $700B bank rescue effort started
The Bush administration said Monday it is moving quickly to implement a $700 billion rescue program, including consulting with private law firms on how to buy ownership shares in banks to help thaw frozen lending and get the economy moving again.
Nations:India Brazil France Mexico People:Gordon Brown Henry Paulson Ben Bernanke Activities:Global Financial Crisis
2008-10-13
Gov't eyes plan to take ownership stakes in banks
Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending.
Nations:France People:Nicolas Sarkozy Henry Paulson Arlen Specter Roy Blunt Robert Zoellick Nancy Pelosi Activities:Global Financial Crisis
2008-10-12
Developing countries feeling fallout from meltdown
Searching for ways to tackle the unfolding economic crisis, global finance ministers are turning attention to the fallout in developing countries and poor nations.
Nations:India Brazil France Egypt China People:Henry Paulson Robert Zoellick Ben Bernanke Activities:Global Financial Crisis Group of Eight
2008-10-12
Chinese tighten dairy regulations after scandal
China's State Council tightened quality control regulations for the dairy industry Friday, as authorities in Macau and Hong Kong reported several children had kidney stones blamed on Chinese tainted milk.
Nations:France New Zealand Activities:2008 China Milk Scandal Source:(AP)
2008-10-10
Deepening finance crisis causes global market panic
PARIS (AFP) - Desperate new measures by governments in Europe and North America to stabilise the financial system failed to stop panic selling that swept global markets Monday amid deepening gloom at the scope of the banking crisis.
Nations:France Germany Luxembourg Portugal Denmark Brazil People:Nicolas Sarkozy Gordon Brown George W. Bush Activities:Global Financial Crisis U.S. Markets
2008-10-06
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