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:2007 Global Credit Crunch U.S. Markets
2008-10-06
U.S. calls for unity as crisis wrecks markets
NEW YORK (Reuters) - Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis on Monday but global stocks still plummeted as investors bet a recession was inevitable.
Nations:Luxembourg Germany France Denmark Brazil Italy People:Nicolas Sarkozy Henry Paulson George W. Bush Activities:2008 Wachovia Deal 2007 Global Credit Crunch
2008-10-06
Europeans scramble to save failing banks
STOCKHOLM, Sweden - Germany joined Ireland and Greece on Sunday in guaranteeing all private bank accounts, putting Europe's biggest economy at odds with calls for a unified European response to the global financial meltdown.
Nations:Germany France Iceland U.K. Sweden Ireland People:Nicolas Sarkozy Angela Merkel Activities:2007 Global Credit Crunch
2008-10-05
Wall Street awakes to 2 storied firms falling
NEW YORK - When Wall Street woke up Monday morning, two more of its storied firms had fallen.
Nations:India Japan U.S. France Germany People:Ben Bernanke Barack Obama John McCain Activities:Lehman Brothers Bankruptcy Merrill Lynch Sales U.S. Markets
2008-09-15
World markets tumble on Lehman news
PARIS - Stock markets tumbled in Europe and Asia on Monday after the double-fisted blow from Wall Street news that Lehman Brothers had filed for bankruptcy and Merrill Lynch would be sold to a large U.S. bank.
Nations:France Germany India Japan South Korea Activities:2008 AIG Crisis Merrill Lynch Sales Lehman Brothers Bankruptcy
2008-09-15
Pope leads 250,000 for open-air Paris mass
PARIS (AFP) - Pope Benedict XVI Saturday urged Catholics to respond to Christ's call in an open-air mass attended by some 260,000 people to celebrate his first visit to France, before leaving on a pilgrimage to Lourdes.
Nations:France Vatican Australia People:Carla Bruni Nicolas Sarkozy Source:(AFP)
2008-09-13
Syria makes peace proposal to Israel
DAMASCUS, Syria - Syria's leader said Thursday he offered a proposal for peace with Israel but also refused to break off ties with Hezbollah and militant Palestinians -- a key Israeli demand.
Nations:France Qatar Turkey Lebanon Israel Syria People:Nicolas Sarkozy Ehud Olmert Activities:Israel-Syria Conflict Source:(AP)
2008-09-04
Georgia to cut diplomatic ties with Moscow
TBILISI, Georgia - Georgia severed diplomatic ties with Moscow on Friday to protest the presence of Russian troops on its territory. Russia said the move would only make things worse.
Nations:Russia Sweden France Germany People:Vladimir Putin Activities:2008 Georgia War Source:(AP)
2008-08-29
Russia's gains in Georgia may leave it more isolated
Paris - Russia thirsts to once again be a great power - a lesson the West is learning in Georgia. On Monday, Russia's parliament voted unanimously to recognize the independence of Georgian rebel regions South Ossetia and Abkhazia - the flashpoints of recent fighting. Also, Russian President Dmitry Medvedev fired a warning shot about another frozen ethnic conflict in Moldova.
Nations:France Russia Afghanistan Estonia Belarus Ukraine People:Dmitry Medvedev Nicolas Sarkozy Vladimir Putin Activities:2008 Georgia War Source:(Christian Science Monitor)
2008-08-26
Kenya's Wanjiru wins men's Olympic marathon
BEIJING - Samuel Wanjiru already had made a name for himself in the heady world of Kenyan distance running. Now he stands alone.
Nations:Kenya Portugal Ethiopia France Italy Russia Activities:2008 Beijing Olympics Source:(AP)
2008-08-24
Russians dig in but still promise Georgia pullout
GORI, Georgia - Russian forces lingered deep in Georgia on Thursday, digging trenches and setting up mortars a day before Kremlin officials promised to complete a troop withdrawal from this former Soviet republic.
Nations:Russia Turkey France People:Dmitry Medvedev Activities:2008 Georgia War Source:(AP)
2008-08-21
Russia claims pullback but forces move other way
GORI, Georgia - Russia said Monday it had begun withdrawing from the conflict zone in Georgia, but it held fast to key positions and sent some of its troops in the opposite direction -- closer to the Georgian capital.
Nations:France Russia People:Dmitry Medvedev Nicolas Sarkozy Condoleezza Rice Activities:2008 Georgia War
2008-08-19
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