|
|
| Jan.3 |
Kenya |
|
Civil unrest damaging Kenya's economy |
|
| Jan.7 |
Naples |
|
Soldiers bulldoze Naples rubbish |
|
| Jan.9 |
New Delhi |
|
Tata Motors unveils bargain car |
|
| Jan.21 |
 Global |
|
World markets plunge on U.S. fears Stock markets were, prompted by pessimism about Bush's plans to boost the U.S. economy. India's Sensex stock index fell nearly 11%
| Frankfurt's DAX dropping 6.02%
|
| |
|
| Jan.22 |
Washington |
|
Fed slashes rates in shock move |
|
| |
 Manhattan |
|
Heath Ledger found dead 
Hollywood actor was found unconscious at the apartment at a residence in Manhattan
|
| Jan.24 |
 Paris |
|
Rogue trader to cost SocGen $7bn | Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros | |
|
| |
U.S. Congress |
|
Deal reached on US economic plan
|
| Jan.27 |
Japan |
|
Share prices fall on Asia markets |
|
| Jan.28 |
U.S. Congress |
|
Bush addresses US economy fears
|
| Jan.29 |
New Delhi |
|
Police broken organ-trafficking scheme
|
|
| Feb.1 |
 United Arab Emirates |
|
Third undersea Internet cable cut A cable was cut off the emirate of Duba, the third loss of a line carrying Internet and telephone traffic in three days.
|
| |
Microsoft |
|
Microsoft wants to purchase Yahoo
|
| Feb.27 |
European Union |
|
EU fines Microsoft record $1.4bn |
|
| Feb.29 |
USA |
|
Boeing loses out in $40bn US deal |
|
|
| Mar.11 |
European Union |
|
Central banks plan emergency cash |
|
| Mar.16 |
New York |
|
JPMorgan to acquire Bear Stearns |
|
| Mar.17 |
New York |
|
Markets slump on banking worries |
|
| Mar.18 |
Washington |
|
Federal Reserve slashes rates by 0.75
|
| Mar.27 |
London |
|
Delays, protests as Heathrow's T5 opens
|
|
| Apr.9 |
Global |
|
IMF slashes world growth forecast
|
| Apr.12 |
Global |
|
IMF head gives food price warning Dominique Strauss-Kahn has warned that hundreds of thousands of people will face starvation if food prices keep rising
|
| Apr.17 |
South Korea |
|
S Korea 'due to lift US beef ban' |
|
| Apr.18 |
USA |
|
Citigroup sees second giant loss |
|
| Apr.25 |
Nigeria |
|
Oil firms cut output |
|
| Apr.30 |
Iran |
|
Iran dumps U.S. dollar for oil trades |
|
|
| May.1 |
Washington |
|
Bush offers $770m for food crisis |
|
| May.3 |
Microsoft |
|
Microsoft walks away from Yahoo |
|
| May.22 |
New York |
 |
Oil soars to new record over $135 The price of oil is more than twice what it cost a year ago. The latest surge was driven by fallen US supplies of crude
|
| |
UN |
|
U.N.: Poor could pay 40% more for food |
|
| May.29 |
Global |
|
World Bank pledges $1.2 billion for food |
|
| May.31 |
Sichuan |
|
Race against time to drain 'quake lake' |
|
|
| Jun.1 |
Paris |
|
Fashion king Saint Laurent dies |
|
| |
Jerusalem |
|
Israel to build 884 homes in East Jerusalem
|
| Jun.2 |
 Rome |
|
Summit targets global food crisis| A key UN-sponsored summit is set to open aimed at addressing the problem of soaring global food prices | |
|
| Jun.5 |
Rome |
|
Billion dollars pledged for food crisis |
|
| Jun.6 |
New York |
|
Oil price soars as US woes mount The price of oil has made a record jump to nearly $139 a barrel, gaining more than $10 - its biggest-ever one-day rise
|
| Jun.7 |
Japan |
|
Oil crisis dominates G8 meeting
|
| Jun.8 |
Japan |
|
G8: Oil prices could spur global recession |
|
| Jun.15 |
Saudi Arabia |
|
Saudi oil output to rise in July |
|
| Jun.18 |
Washington |
|
Bush calls for offshore drilling| President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports | |
|
| Jun.21 |
Saudi Arabia |
|
Saudis to host oil price summit
|
| Jun.22 |
Saudi Arabia |
|
Saudi Arabia to increase oil output
|
| Jun.25 |
 South Korea |
|
South Korea lifts ban on US beef South Korea has formally lifted an import ban, allowing meat from young cattle to be shipped into the country
|
| Jun.30 |
New York |
|
Oil price surges above $143 a barrel |
|
|
| Jul.3 |
Taiwan |
|
Direct China-Taiwan flights begin |
|
| Jul.6 |
Dubai |
|
UAE to cancel all of Iraq's $7B debt
|
| Jul.11 |
USA |
|
Mortgage firms' shares slump
|
| |
New York |
|
Oil price per barrel reached $147.02| OPEC's president predicted prices may reach $170 by the Northern summer | |
|
| Jul.15 |
South Korea |
|
Ex-Samsung boss convicted |
|
| Jul.16 |
Washington |
|
US inflation rate at 26-year high |
|
| Jul.17 |
USA |
|
Gore challenges US to ditch oil |
|
| Jul.18 |
Argentina |
|
President drops farm tax after protests
|
| Jul.19 |
Zimbabwe |
|
$100 billion banknotes introduced |
|
| Jul.23 |
House of Representatives |
|
US lawmakers pass housing rescue The House of Representatives has passed a massive housing rescue bill that could help struggling homeowners get cheaper loans
|
| Jul.29 |
 Geneva |
|
Global trade deal falls apart 
After coming tantalizingly close to a historic trade deal, WTO talks collapsed in a dismaying blow to 7 years of efforts to open up the global...
|
|
| Aug.5 |
U.S. Congress |
|
Iraq's projected $80b surplus stirs anger U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 bi...
|
| Aug.24 |
 Beijing |
|
Spectacular finale climaxes Games Grand fireworks and spectacular choreography brought to a close the Games as one of the most remarkable Olympics in recent history
|
|
| Sep.1 |
San Francisco Bay Area |
|
Google unveils free browser Chrome |
|
| Sep.7 |
Washington |
|
US takes over key mortgage firms| US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history | |
|
| Sep.9 |
Austria |
|
Oil falls as Opec ministers meet
|
| Sep.14 |
New York |
|
Lehman Bros files for bankruptcy The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis
| The move dealed a further blow to the global financial system. It was a primary dealer in the U.S. Treasury securities market. The filing marked the largest bankruptcy in U.S. history
|
| |
|
| Sep.15 |
Japan |
|
Lehman collapse hits Asian shares |
|
| Sep.16 |
New York |
|
World markets continue to slide| In the first hour of trading on Wall Street, the Dow was down 41.85, or 0.38%, to 10,875.66. It fell as much as 175 in the opening minutes. UK's FTSE 100 shedding 3.2%. Central banks around the globe have pumped funds into the markets, including $5... | |
|
| |
Washington |
|
US government rescues insurer AIG |
|
| Sep.17 |
Zimbabwe |
|
Zimbabwe replaces $10 trillion banknote
|
| |
United Kingdom |
|
Barclays agrees $1.75B Lehman deal
|
| |
China |
|
3 babies dead, 6,200 ill from milk formula Drinking formula tainted with the same chemical involved in a massive pet food recall last year by Mengniu Dairy Group
| 1,300 infants are hospitalized with illnesses including malnutrition, kidney stones and acute renal failure
|
| |
|
| |
New York |
|
Turmoil sends US stocks tumbling
|
| Sep.18 |
Global |
|
Central banks moves cheer markets
|
| |
China |
|
Tests find liquid milk tainted |
|
| Sep.19 |
Global |
|
Global markets post massive gains |
|
| |
Washington |
|
Bush hails financial rescue plan| President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets | |
|
| Sep.21 |
New York |
|
US banks make shock status switch
|
| Sep.22 |
Global |
|
Shares slide amid bail-out fears
|
| Sep.24 |
Washington |
|
Bush: Bail-out 'vital to easing crisis' |
|
| Sep.25 |
Washington |
|
US rivals in economy crisis talks |
|
| Sep.26 |
Washington |
|
Bailout talks implode |
|
| Sep.27 |
Connecticut |
|
Paul Newman dies at 83
|
| Sep.28 |
U.S. Congress |
|
US lawmakers publish rescue deal |
|
| Sep.29 |
New York |
|
Dow closed down 777 points
|
| |
House of Representatives |
|
$700 billion bailout package failed
|
| |
Japan |
|
Asian markets fall on U.S. bailout failure |
|
|
| Oct.1 |
U.S. Senate |
|
Senate backs new bail-out bill |
|
| Oct.2 |
New York |
|
Bailout vote fails to lift markets |
|
| Oct.3 |
House of Representatives |
|
House backs $700bn bail-out plan The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector
| The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following its shock rejection of an earlier version. Bush praised lawmakers for their spirit of co-operation before signing the bill into law
|
| |
|
| Oct.4 |
Paris |
|
EU leaders meet to discuss credit crisis |
|
| |
Paris |
|
No banks bail-out fund for Europe
|
| |
Germany |
|
Another top European bank falters |
|
| Oct.5 |
Berlin |
|
Plan to save German bank 'agreed' |
|
| Oct.7 |
New York |
|
Dow Jones hits 5-year low The Dow Jones fell below 10,000 points for the first time since 2004 as U.S. stocks followed Europe and Asia with heavy losses
| World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower growth
|
| |
|
| |
Tennessee |
|
McCain, Obama trade blows on economy
|
| |
Japan |
|
More turmoil hits Asian markets |
|
| |
 United Kingdom |
 |
UK bank rescue package imminent Chancellor Alistair Darling to announce details of a £50bn rescue package for the UK banking system
|
| Oct.8 |
London |
|
World's central banks slash interest rates
|
| Oct.9 |
New York |
|
Wall St. falls after early gains |
|
| |
Tokyo |
|
Asian stocks hit after Dow plunge |
|
| Oct.10 |
Washington |
|
G7 nations pledge to fight crisis |
|
| Oct.11 |
Paris |
|
EU chiefs confront markets crisis
|
| Oct.12 |
Paris |
|
European banks rescue plan agreed |
|
| Oct.13 |
European Union |
|
European markets surge after crisis talks |
|
| Oct.29 |
Washington |
|
Treasury spends $125 billion on 9 banks |
|
| Oct.31 |
East Africa |
|
African trade blocs agree to merge |
|
| |
Western Canada |
|
3rd pipeline bombing in month |
|
|
| Nov.7 |
Washington |
|
US jobless rate at 14-year high |
|
| Nov.12 |
Washington |
|
Car wrangle looms in US bail-out |
|
| Nov.13 |
Germany |
|
German economy now in recession
|
| Nov.14 |
European Union |
|
Eurozone officially in recession EU figures showed that the economy shrank by 0.2% in the third quarter, following a 0.2% contraction in the area in the previous quarter
|
| |
Washington |
|
World leaders grapple with crisis
|
| Nov.15 |
Washington |
|
New trade deal by 'end of year' |
|
| |
Washington |
|
Summit pledge to 'restore growth' Global leaders at the G20 financial summit have pledged to work together to restore global growth
| The leaders were determined to work together to achieve 'needed reforms' in the world's financial systems'
|
| |
|
| Nov.17 |
New York |
|
Citigroup job cull to hit 75,000
|
| |
Kenya |
|
Pirates capture Saudi oil tanker |
|
| Nov.18 |
U.S. Congress |
|
US car firms ask for $25bn aid The bosses of Ford, GM and Chrysler, have asked Congress for a $25bn bail-out and warned of broader risks to the US economy
| The United Auto Workers is willing to make key concessions to help the Detroit Three carmakers secure vital aid
US House backs car industry plan
White House cool on car bail-out
US car bail-out fails in Senate
|
| |
|
| Nov.19 |
New York |
|
US shares plunge to five-year low |
|
| |
Iceland |
|
IMF approves $2.1bn Iceland loan |
|
| Nov.20 |
Global |
|
Recession fears hit stock markets World shares have fallen amid concerns that the economy will enter a protracted downturn. The Dow Jones fell 2.3% in early trade
|
| Nov.22 |
 Peru |
|
Apec leaders make free-trade vow Leaders from Asia-Pacific countries have pledged not to respond to the global financial crisis by raising trade barriers over 2009
|
| Nov.23 |
Washington |
|
Citigroup secures U.S. government lifeline |
|
| Nov.25 |
Washington |
|
US Fed announces $800bn stimulus The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system
|
|
| Dec.3 |
Thailand |
|
Thai flights resume after week of protests
|
| Dec.10 |
Athens |
|
Strike adds to unrest |
|
| Dec.11 |
USA |
|
Bank of America cuts 30,000 jobs |
|
| |
U.S. Senate |
|
US car bail-out fails in Senate |
|
| Dec.13 |
New York |
|
Top investors 'hit by $50bn con'| Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged fraud by Wall Street broker Bernard Madoff. Madoff ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyrami... | |
|
| Dec.15 |
London |
|
Banks face huge losses from $50B 'scam' |
|
| Dec.16 |
Southern Israel |
|
Tourist bus crash kills 24
|
| |
Algeria |
|
Call for record Opec output cut |
|
| Dec.19 |
Washington |
|
Bush unveils $17.4bn car bail-out |
|
| Dec.21 |
Mumbai |
|
Terror-devastated hotels reopen
|
| |
Beijing |
|
China to provide $19B to Taiwan firms |
|
| Dec.25 |
Japan |
|
Japan's industrial output plunges |
|
| Dec.27 |
Beijing |
|
China dairies to compensate victims |
|
|
| 2008 |
|
| Nov.17 |
Kenya |
Pirates capture Saudi oil tanker |
|
|
| 2008 |
|
| Jan.24 |
Paris |
Rogue trader to cost SocGen $7bn | Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros | |
|
| Mar.11 |
European Union |
Central banks plan emergency cash |
|
| Mar.18 |
Washington |
Federal Reserve slashes rates by 0.75
|
| Apr.18 |
USA |
Citigroup sees second giant loss |
|
| May.29 |
Global |
World Bank pledges $1.2 billion for food |
|
| Jul.6 |
Dubai |
UAE to cancel all of Iraq's $7B debt
|
| Jul.16 |
Washington |
US inflation rate at 26-year high |
|
| Jul.19 |
Zimbabwe |
$100 billion banknotes introduced |
|
| Aug.5 |
U.S. Congress |
Iraq's projected $80b surplus stirs anger U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 bi...
|
| Sep.7 |
Washington |
US takes over key mortgage firms| US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history | |
|
| Sep.15 |
Japan |
Lehman collapse hits Asian shares |
|
| Sep.17 |
Zimbabwe |
Zimbabwe replaces $10 trillion banknote
|
| Sep.18 |
Global |
Central banks moves cheer markets
|
| Sep.19 |
Washington |
Bush hails financial rescue plan| President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets | |
|
| Sep.21 |
New York |
US banks make shock status switch
|
| Sep.24 |
Washington |
Bush: Bail-out 'vital to easing crisis' |
|
| Sep.26 |
Washington |
Bailout talks implode |
|
| Sep.28 |
U.S. Congress |
US lawmakers publish rescue deal |
|
| Sep.29 |
House of Representatives |
$700 billion bailout package failed
|
| Oct.1 |
U.S. Senate |
Senate backs new bail-out bill |
|
| Oct.3 |
House of Representatives |
House backs $700bn bail-out plan The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector
| The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following its shock rejection of an earlier version. Bush praised lawmakers for their spirit of co-operation before signing the bill into law
|
| |
|
| Oct.4 |
Paris |
EU leaders meet to discuss credit crisis |
|
| Oct.4 |
Paris |
No banks bail-out fund for Europe
|
| Oct.4 |
Germany |
Another top European bank falters |
|
| Oct.5 |
Berlin |
Plan to save German bank 'agreed' |
|
| Oct.7 |
United Kingdom |
UK bank rescue package imminent Chancellor Alistair Darling to announce details of a £50bn rescue package for the UK banking system
|
| Oct.8 |
London |
World's central banks slash interest rates
|
| Oct.10 |
Washington |
G7 nations pledge to fight crisis |
|
| Oct.11 |
Paris |
EU chiefs confront markets crisis
|
| Oct.12 |
Paris |
European banks rescue plan agreed |
|
| Oct.29 |
Washington |
Treasury spends $125 billion on 9 banks |
|
| Nov.14 |
Washington |
World leaders grapple with crisis
|
| Nov.19 |
Iceland |
IMF approves $2.1bn Iceland loan |
|
| Nov.23 |
Washington |
Citigroup secures U.S. government lifeline |
|
| Nov.25 |
Washington |
US Fed announces $800bn stimulus The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system
|
| Dec.13 |
New York |
Top investors 'hit by $50bn con'| Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged fraud by Wall Street broker Bernard Madoff. Madoff ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyrami... | |
|
| Dec.15 |
London |
Banks face huge losses from $50B 'scam' |
|
| Dec.21 |
Beijing |
China to provide $19B to Taiwan firms |
|
|
| 2008 |
|
| Apr.12 |
Global |
IMF head gives food price warning Dominique Strauss-Kahn has warned that hundreds of thousands of people will face starvation if food prices keep rising
|
| Apr.17 |
South Korea |
S Korea 'due to lift US beef ban' |
|
| May.1 |
Washington |
Bush offers $770m for food crisis |
|
| May.1 |
Washington |
Bush offers $770m for food crisis |
|
| May.22 |
UN |
U.N.: Poor could pay 40% more for food |
|
| Jun.2 |
Rome |
Summit targets global food crisis| A key UN-sponsored summit is set to open aimed at addressing the problem of soaring global food prices | |
|
| Jun.5 |
Rome |
Billion dollars pledged for food crisis |
|
| Jun.25 |
South Korea |
South Korea lifts ban on US beef South Korea has formally lifted an import ban, allowing meat from young cattle to be shipped into the country
|
| Jul.6 |
Dubai |
UAE to cancel all of Iraq's $7B debt
|
| Jul.18 |
Argentina |
President drops farm tax after protests
|
| Aug.5 |
U.S. Congress |
Iraq's projected $80b surplus stirs anger U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 bi...
|
| Sep.17 |
China |
3 babies dead, 6,200 ill from milk formula Drinking formula tainted with the same chemical involved in a massive pet food recall last year by Mengniu Dairy Group
| 1,300 infants are hospitalized with illnesses including malnutrition, kidney stones and acute renal failure
|
| |
|
| Sep.18 |
China |
Tests find liquid milk tainted |
|
| Dec.27 |
Beijing |
China dairies to compensate victims |
|
|
| 2008 |
|
| Feb.1 |
Microsoft |
Microsoft wants to purchase Yahoo
|
| Mar.16 |
New York |
JPMorgan to acquire Bear Stearns |
|
| Sep.17 |
United Kingdom |
Barclays agrees $1.75B Lehman deal
|
| Oct.7 |
Tennessee |
McCain, Obama trade blows on economy
|
|
| 2008 |
|
| Jan.24 |
Paris |
Rogue trader to cost SocGen $7bn | Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros | |
|
| Dec.13 |
New York |
Top investors 'hit by $50bn con'| Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged fraud by Wall Street broker Bernard Madoff. Madoff ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyrami... | |
|
|
| 2008 |
|
| Jan.9 |
New Delhi |
Tata Motors unveils bargain car |
|
| Nov.12 |
Washington |
Car wrangle looms in US bail-out |
|
| Nov.18 |
U.S. Congress |
US car firms ask for $25bn aid The bosses of Ford, GM and Chrysler, have asked Congress for a $25bn bail-out and warned of broader risks to the US economy
| The United Auto Workers is willing to make key concessions to help the Detroit Three carmakers secure vital aid
US House backs car industry plan
White House cool on car bail-out
US car bail-out fails in Senate
|
| |
|
| Dec.11 |
U.S. Senate |
US car bail-out fails in Senate |
|
| Dec.16 |
Southern Israel |
Tourist bus crash kills 24
|
| Dec.19 |
Washington |
Bush unveils $17.4bn car bail-out |
|
|
| 2008 |
|
| Jan.7 |
Naples |
Soldiers bulldoze Naples rubbish |
|
| Jan.29 |
New Delhi |
Police broken organ-trafficking scheme
|
| Sep.17 |
China |
3 babies dead, 6,200 ill from milk formula Drinking formula tainted with the same chemical involved in a massive pet food recall last year by Mengniu Dairy Group
| 1,300 infants are hospitalized with illnesses including malnutrition, kidney stones and acute renal failure
|
| |
|
| Sep.18 |
China |
Tests find liquid milk tainted |
|
|
| 2008 |
|
| Jan.21 |
Global |
World markets plunge on U.S. fears Stock markets were, prompted by pessimism about Bush's plans to boost the U.S. economy. India's Sensex stock index fell nearly 11%
| Frankfurt's DAX dropping 6.02%
|
| |
|
| Jan.22 |
Washington |
Fed slashes rates in shock move |
|
| Jan.27 |
Japan |
Share prices fall on Asia markets |
|
| Feb.1 |
United Arab Emirates |
Third undersea Internet cable cut A cable was cut off the emirate of Duba, the third loss of a line carrying Internet and telephone traffic in three days.
|
| Mar.17 |
New York |
Markets slump on banking worries |
|
| Jul.11 |
USA |
Mortgage firms' shares slump
|
| Sep.16 |
New York |
World markets continue to slide| In the first hour of trading on Wall Street, the Dow was down 41.85, or 0.38%, to 10,875.66. It fell as much as 175 in the opening minutes. UK's FTSE 100 shedding 3.2%. Central banks around the globe have pumped funds into the markets, including $5... | |
|
| Sep.17 |
New York |
Turmoil sends US stocks tumbling
|
| Sep.19 |
Global |
Global markets post massive gains |
|
| Sep.22 |
Global |
Shares slide amid bail-out fears
|
| Sep.29 |
New York |
Dow closed down 777 points
|
| Sep.29 |
Japan |
Asian markets fall on U.S. bailout failure |
|
| Oct.2 |
New York |
Bailout vote fails to lift markets |
|
| Oct.7 |
New York |
Dow Jones hits 5-year low The Dow Jones fell below 10,000 points for the first time since 2004 as U.S. stocks followed Europe and Asia with heavy losses
| World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower growth
|
| |
|
| Oct.7 |
Japan |
More turmoil hits Asian markets |
|
| Oct.9 |
New York |
Wall St. falls after early gains |
|
| Oct.9 |
Tokyo |
Asian stocks hit after Dow plunge |
|
| Oct.13 |
European Union |
European markets surge after crisis talks |
|
| Oct.31 |
Western Canada |
3rd pipeline bombing in month |
|
| Nov.19 |
New York |
US shares plunge to five-year low |
|
| Nov.20 |
Global |
Recession fears hit stock markets World shares have fallen amid concerns that the economy will enter a protracted downturn. The Dow Jones fell 2.3% in early trade
|
|
| 2008 |
|
| Jan.7 |
Naples |
Soldiers bulldoze Naples rubbish |
|
| Jul.15 |
South Korea |
Ex-Samsung boss convicted |
|
| Dec.10 |
Athens |
Strike adds to unrest |
|
|
| 2008 |
|
| Nov.7 |
Washington |
US jobless rate at 14-year high |
|
| Nov.17 |
New York |
Citigroup job cull to hit 75,000
|
| Dec.11 |
USA |
Bank of America cuts 30,000 jobs |
|
|
| 2008 |
|
| Sep.14 |
New York |
Lehman Bros files for bankruptcy The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis
| The move dealed a further blow to the global financial system. It was a primary dealer in the U.S. Treasury securities market. The filing marked the largest bankruptcy in U.S. history
|
| |
|
| Sep.16 |
Washington |
US government rescues insurer AIG |
|
|
| 2008 |
|
| Feb.1 |
United Arab Emirates |
Third undersea Internet cable cut A cable was cut off the emirate of Duba, the third loss of a line carrying Internet and telephone traffic in three days.
|
| Feb.27 |
European Union |
EU fines Microsoft record $1.4bn |
|
| May.3 |
Microsoft |
Microsoft walks away from Yahoo |
|
| Sep.1 |
San Francisco Bay Area |
Google unveils free browser Chrome |
|
|
| 2008 |
|
| Jun.2 |
Rome |
Summit targets global food crisis| A key UN-sponsored summit is set to open aimed at addressing the problem of soaring global food prices | |
|
| Jun.21 |
Saudi Arabia |
Saudis to host oil price summit
|
| Oct.4 |
Paris |
EU leaders meet to discuss credit crisis |
|
| Oct.4 |
Paris |
No banks bail-out fund for Europe
|
| Oct.10 |
Washington |
G7 nations pledge to fight crisis |
|
| Oct.11 |
Paris |
EU chiefs confront markets crisis
|
| Nov.13 |
Germany |
German economy now in recession
|
| Nov.14 |
European Union |
Eurozone officially in recession EU figures showed that the economy shrank by 0.2% in the third quarter, following a 0.2% contraction in the area in the previous quarter
|
| Nov.14 |
Washington |
World leaders grapple with crisis
|
| Nov.15 |
Washington |
Summit pledge to 'restore growth' Global leaders at the G20 financial summit have pledged to work together to restore global growth
| The leaders were determined to work together to achieve 'needed reforms' in the world's financial systems'
|
| |
|
| Nov.22 |
Peru |
Apec leaders make free-trade vow Leaders from Asia-Pacific countries have pledged not to respond to the global financial crisis by raising trade barriers over 2009
|
| Dec.25 |
Japan |
Japan's industrial output plunges |
|
|
| 2008 |
|
| Jan.29 |
New Delhi |
Police broken organ-trafficking scheme
|
| May.31 |
Sichuan |
Race against time to drain 'quake lake' |
|
|
| 2008 |
|
| Oct.5 |
Berlin |
Plan to save German bank 'agreed' |
|
| Oct.12 |
Paris |
European banks rescue plan agreed |
|
|
| 2008 |
|
| Feb.29 |
USA |
Boeing loses out in $40bn US deal |
|
| Feb.29 |
USA |
Boeing loses out in $40bn US deal |
|
| Mar.27 |
London |
Delays, protests as Heathrow's T5 opens
|
| Jul.3 |
Taiwan |
Direct China-Taiwan flights begin |
|
| Dec.3 |
Thailand |
Thai flights resume after week of protests
|
|
| 2008 |
|
| Dec.16 |
Southern Israel |
Tourist bus crash kills 24
|
| Dec.21 |
Mumbai |
Terror-devastated hotels reopen
|
|
| 2008 |
|
| May.22 |
UN |
U.N.: Poor could pay 40% more for food |
|
|
| 2008 |
|
| Jul.29 |
Geneva |
Global trade deal falls apart After coming tantalizingly close to a historic trade deal, WTO talks collapsed in a dismaying blow to 7 years of efforts to open up the global...
|
| Sep.25 |
Washington |
US rivals in economy crisis talks |
|
| Sep.26 |
Washington |
Bailout talks implode |
|
| Nov.15 |
Washington |
New trade deal by 'end of year' |
|
|
| 2008 |
|
| May.31 |
Sichuan |
Race against time to drain 'quake lake' |
|
| Jun.1 |
Jerusalem |
Israel to build 884 homes in East Jerusalem
|
|
| 2008 |
|
| Jul.15 |
South Korea |
Ex-Samsung boss convicted |
|
|
| 2008 |
|
| Mar.27 |
London |
Delays, protests as Heathrow's T5 opens
|
| Jul.23 |
House of Representatives |
US lawmakers pass housing rescue The House of Representatives has passed a massive housing rescue bill that could help struggling homeowners get cheaper loans
|
| Dec.10 |
Athens |
Strike adds to unrest |
|
|
| 2008 |
|
| Jan.24 |
U.S. Congress |
Deal reached on US economic plan
|
|
| 2008 |
|
| Jan.3 |
Kenya |
Civil unrest damaging Kenya's economy |
|
| Apr.9 |
Global |
IMF slashes world growth forecast
|
| Jun.8 |
Japan |
G8: Oil prices could spur global recession |
|
| Sep.25 |
Washington |
US rivals in economy crisis talks |
|
| Oct.7 |
Tennessee |
McCain, Obama trade blows on economy
|
| Nov.15 |
Washington |
Summit pledge to 'restore growth' Global leaders at the G20 financial summit have pledged to work together to restore global growth
| The leaders were determined to work together to achieve 'needed reforms' in the world's financial systems'
|
| |
|
| Dec.27 |
Beijing |
China dairies to compensate victims |
|
|
| 2008 |
|
| Jul.29 |
Geneva |
Global trade deal falls apart After coming tantalizingly close to a historic trade deal, WTO talks collapsed in a dismaying blow to 7 years of efforts to open up the global...
|
| Oct.31 |
East Africa |
African trade blocs agree to merge |
|
| Nov.15 |
Washington |
New trade deal by 'end of year' |
|
| Nov.22 |
Peru |
Apec leaders make free-trade vow Leaders from Asia-Pacific countries have pledged not to respond to the global financial crisis by raising trade barriers over 2009
|
|
| 2008 |
|
| Jan.22 |
Manhattan |
Heath Ledger found dead Hollywood actor was found unconscious at the apartment at a residence in Manhattan
|
| Jun.1 |
Paris |
Fashion king Saint Laurent dies |
|
| Aug.24 |
Beijing |
Spectacular finale climaxes Games Grand fireworks and spectacular choreography brought to a close the Games as one of the most remarkable Olympics in recent history
|
| Sep.27 |
Connecticut |
Paul Newman dies at 83
|
|
| 2008 |
|
| Jan.24 |
U.S. Congress |
Deal reached on US economic plan
|
| Jan.28 |
U.S. Congress |
Bush addresses US economy fears
|
| Jul.23 |
House of Representatives |
US lawmakers pass housing rescue The House of Representatives has passed a massive housing rescue bill that could help struggling homeowners get cheaper loans
|
| Aug.24 |
Beijing |
Spectacular finale climaxes Games Grand fireworks and spectacular choreography brought to a close the Games as one of the most remarkable Olympics in recent history
|
| Sep.28 |
U.S. Congress |
US lawmakers publish rescue deal |
|
| Sep.29 |
House of Representatives |
$700 billion bailout package failed
|
| Oct.1 |
U.S. Senate |
Senate backs new bail-out bill |
|
| Oct.3 |
House of Representatives |
House backs $700bn bail-out plan The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector
| The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following its shock rejection of an earlier version. Bush praised lawmakers for their spirit of co-operation before signing the bill into law
|
| |
|
| Nov.18 |
U.S. Congress |
US car firms ask for $25bn aid The bosses of Ford, GM and Chrysler, have asked Congress for a $25bn bail-out and warned of broader risks to the US economy
| The United Auto Workers is willing to make key concessions to help the Detroit Three carmakers secure vital aid
US House backs car industry plan
White House cool on car bail-out
US car bail-out fails in Senate
|
| |
|
| Dec.11 |
U.S. Senate |
US car bail-out fails in Senate |
|
|
| 2008 |
|
| Apr.25 |
Nigeria |
Oil firms cut output |
|
| Apr.30 |
Iran |
Iran dumps U.S. dollar for oil trades |
|
| May.22 |
New York |
Oil soars to new record over $135 The price of oil is more than twice what it cost a year ago. The latest surge was driven by fallen US supplies of crude
|
| Jun.6 |
New York |
Oil price soars as US woes mount The price of oil has made a record jump to nearly $139 a barrel, gaining more than $10 - its biggest-ever one-day rise
|
| Jun.7 |
Japan |
Oil crisis dominates G8 meeting
|
| Jun.15 |
Saudi Arabia |
Saudi oil output to rise in July |
|
| Jun.18 |
Washington |
Bush calls for offshore drilling| President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports | |
|
| Jun.21 |
Saudi Arabia |
Saudis to host oil price summit
|
| Jun.22 |
Saudi Arabia |
Saudi Arabia to increase oil output
|
| Jun.30 |
New York |
Oil price surges above $143 a barrel |
|
| Jul.11 |
New York |
Oil price per barrel reached $147.02| OPEC's president predicted prices may reach $170 by the Northern summer | |
|
| Jul.17 |
USA |
Gore challenges US to ditch oil |
|
| Sep.9 |
Austria |
Oil falls as Opec ministers meet
|
| Oct.31 |
Western Canada |
3rd pipeline bombing in month |
|
| Nov.17 |
Kenya |
Pirates capture Saudi oil tanker |
|
| Dec.16 |
Algeria |
Call for record Opec output cut |
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