World News

08 October, 2008 05:57

More turmoil hits Asian markets

Asian markets plummet amid fears for a global downturn and after Wall Street stocks close at a five-year low.

08 October, 2008 05:49

UK bank rescue package imminent

Details of a £50bn rescue package for the banking system are set to be announced by the chancellor.

07 October, 2008 14:00

IMF in 'severe downturn' warning

The global economic downturn is likely to worsen as the financial crisis continues, says the International Monetary Fund.

07 October, 2008 14:12

Tata announces new plant for Nano

India's Tata Motors is to build the world's cheapest car, the Nano, in Gujarat state following a row over land for its original site.

07 October, 2008 23:21

BAE firm in body armour pay-out

A subsidiary of UK defence giant BAE Systems has agreed to pay millions of dollars to the US government over defective body armour.

07 October, 2008 15:58

Icesave savers warned on accounts

Icesave internet bank customers are warned they will probably have to claim compensation for money held in their accounts.

07 October, 2008 18:00

Middle East stock markets plunge

Shares on the main Arab stock markets fall sharply amid concern the financial crisis in the US and Europe is spreading to the Middle East.

07 October, 2008 07:56

Australia slashes interest rates

Australia's central bank cuts its key interest rate from 7% to 6% - a much bigger-than-expected reduction.

News reports courtesy of BBC News.

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