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World News Atlas    Business    2008

World, Business, 2008 Timeline Sunday, September 7 Bookmark and Share     Author
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1. 01-21 World markets plunge on U.S. fears Global
2. 01-24 Rogue trader to cost SocGen $7bn Paris
D. 06-02 Summit targets global food crisis Rome
E. 06-18 Bush calls for offshore drilling Washington
F. 07-11 Oil price per barrel reached $147.02 New York
G. 09-07 US takes over key mortgage firms Washington
09-14 Lehman Bros files for bankruptcy New York
8. 09-16 World markets continue to slide New York
J. 09-17 3 babies dead, 6,200 ill from milk formula China

Summary.     Click for More > World markets continue to slide 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 Bush hails financial rescue plan 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   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   Summit pledge to 'restore growth'   Global leaders at the G20 financial summit have pledged to work together to restore global growth 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 Top investors 'hit by $50bn con'
  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% 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 Summit targets global food crisis Bush calls for offshore drilling Oil price per barrel reached $147.02  OPEC's president predicted prices may reach $170 by the Northern summer US takes over key mortgage firms Lehman Bros files for bankruptcy
Jan.21   Global
Jan.22  Manhattan  Heath Ledger found dead
Jan.24   Paris
 U.S. Congress  Deal reached on US economic plan
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
 Microsoft  Microsoft wants to purchase Yahoo
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
May.22  New York  Oil soars to new record over $135
Jun.1  Jerusalem  Israel to build 884 homes in East Jerusalem
Jun.2   Rome
Jun.6  New York  Oil price soars as US woes mount
Jun.7  Japan  Oil crisis dominates G8 meeting
Jun.18   Washington
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
Jul.6  Dubai  UAE to cancel all of Iraq's $7B debt
Jul.11  USA  Mortgage firms' shares slump
  New York
Jul.18  Argentina  President drops farm tax after protests
Jul.23  House of Representatives  US lawmakers pass housing rescue
Jul.29  Geneva  Global trade deal falls apart
Aug.5  U.S. Congress  Iraq's projected $80b surplus stirs anger
Aug.24  Beijing  Spectacular finale climaxes Games
Sep.7   Washington
Sep.9  Austria  Oil falls as Opec ministers meet
Sep.14   New York
  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   New York
Sep.17  Zimbabwe  Zimbabwe replaces $10 trillion banknote
 United Kingdom  Barclays agrees $1.75B Lehman deal
  China
 New York  Turmoil sends US stocks tumbling
Sep.18  Global  Central banks moves cheer markets
Sep.19   Washington
Sep.21  New York  US banks make shock status switch
Sep.22  Global  Shares slide amid bail-out fears
Sep.27  Connecticut  Paul Newman dies at 83
Sep.29  House of Representatives  $700 billion bailout package failed
 New York  Dow closed down 777 points
Oct.3   House of Representatives
Oct.4  Paris  No banks bail-out fund for Europe
Oct.7   New York
 Tennessee  McCain, Obama trade blows on economy
 United Kingdom  UK bank rescue package imminent
Oct.8  London  World's central banks slash interest rates
Oct.11  Paris  EU chiefs confront markets crisis
Nov.13  Germany  German economy now in recession
Nov.14  European Union  Eurozone officially in recession
 Washington  World leaders grapple with crisis
Nov.15   Washington
Nov.17  New York  Citigroup job cull to hit 75,000
Nov.18   U.S. Congress
Nov.20  Global  Recession fears hit stock markets
Nov.22  Peru  Apec leaders make free-trade vow
Nov.25  Washington  US Fed announces $800bn stimulus
Dec.3  Thailand  Thai flights resume after week of protests
Dec.13   New York
Dec.16  Israel  Tourist bus crash kills 24
Dec.21  Mumbai  Terror-devastated hotels reopen



     * Time by Topic * Time by Location * Location by Topic
World in 2008 , Business, Time by Topic
Month Business Politics Financial Bad Economic News Stocks
February 2008
Third undersea Internet cable cut
Microsoft wants to purchase Yahoo
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Third undersea Internet cable cut
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March 2008
Federal Reserve slashes rates by 0.75
Delays, protests as Heathrow's T5 opens
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Federal Reserve slashes rates by 0.75
Your ad is here Your ad is here
April 2008
IMF slashes world growth forecast
IMF head gives food price warning
Your ad is here Your ad is here
IMF slashes world growth forecast
IMF head gives food price warning
Your ad is here
May 2008
Oil soars to new record over $135
Your ad is here Your ad is here Your ad is here Your ad is here
June 2008
Summit targets global food crisis
Oil price soars as US woes mount
Oil crisis dominates G8 meeting
Bush calls for offshore drilling
South Korea lifts ban on US beef
Summit targets global food crisis
Saudis to host oil price summit
Your ad is here Your ad is here Your ad is here
July 2008
UAE to cancel all of Iraq's $7B debt
Oil price per barrel reached $147.02
US lawmakers pass housing rescue
Global trade deal falls apart
UAE to cancel all of Iraq's $7B debt
US lawmakers pass housing rescue
Global trade deal falls apart
UAE to cancel all of Iraq's $7B debt
Mortgage firms' shares slump
Global trade deal falls apart
Mortgage firms' shares slump
August 2008
Iraq's projected $80b surplus stirs anger
Iraq's projected $80b surplus stirs anger
Iraq's projected $80b surplus stirs anger
Your ad is here Your ad is here
September 2008
US takes over key mortgage firms
Oil falls as Opec ministers meet
Lehman Bros files for bankruptcy
World markets continue to slide
Barclays agrees $1.75B Lehman deal
Zimbabwe replaces $10 trillion banknote
Turmoil sends US stocks tumbling
Central banks moves cheer markets
Bush hails financial rescue plan
Bush hails financial rescue plan
$700 billion bailout package failed
US takes over key mortgage firms
Lehman Bros files for bankruptcy
Barclays agrees $1.75B Lehman deal
Zimbabwe replaces $10 trillion banknote
Central banks moves cheer markets
Bush hails financial rescue plan
Lehman Bros files for bankruptcy
World markets continue to slide
Turmoil sends US stocks tumbling
US banks make shock status switch
$700 billion bailout package failed
World markets continue to slide
Turmoil sends US stocks tumbling
Central banks moves cheer markets
Shares slide amid bail-out fears
Dow closed down 777 points
October 2008
House backs $700bn bail-out plan
Dow Jones hits 5-year low
House backs $700bn bail-out plan
House backs $700bn bail-out plan
UK bank rescue package imminent
Dow Jones hits 5-year low
Dow Jones hits 5-year low
November 2008
Eurozone officially in recession
Summit pledge to 'restore growth'
US car firms ask for $25bn aid
Recession fears hit stock markets
Summit pledge to 'restore growth'
US car firms ask for $25bn aid
Apec leaders make free-trade vow
US Fed announces $800bn stimulus
Eurozone officially in recession
Recession fears hit stock markets
Recession fears hit stock markets
December 2008
Top investors 'hit by $50bn con'
Your ad is here
Top investors 'hit by $50bn con'
Your ad is here Your ad is here

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  World markets plunge on U.S. fears


January 2008 ... more > Top ^
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
  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

February 2008 ... more > Top ^
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

March 2008 ... more > Top ^
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

April 2008 ... more > Top ^
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 2008 ... more > Top ^
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'

June 2008 ... more > Top ^
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

July 2008 ... more > Top ^
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...

August 2008 ... more > Top ^
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

September 2008 ... more > Top ^
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   House of Representatives $700 billion bailout package failed   New York Dow closed down 777 points  Japan  Asian markets fall on U.S. bailout failure

October 2008 ... more > Top ^
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  Western Canada  3rd pipeline bombing in month  East Africa  African trade blocs agree to merge

November 2008 ... more > Top ^
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

December 2008 ... more > Top ^
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   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


Rogue trader to cost SocGen $7bn




World, Business, 2008 Pirates Timeline ... See World Pirates timeline Top ^
2008
Nov.17  Kenya  Pirates capture Saudi oil tanker




World, Business, 2008 Financial Timeline ... See World Financial timeline Top ^
2008
Jan.24   Paris
  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



World, Business, 2008 Food Timeline ... See World Food timeline Top ^
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



World, Business, 2008 Merger and Acquisition Timeline ... See World Merger and Acquisition timeline Top ^
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



World, Business, 2008 Corruption Timeline ... See World Corruption timeline Top ^
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...




World, Business, 2008 Automobile Business Timeline ... See World Automobile Business timeline Top ^
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   Israel Tourist bus crash kills 24 Dec.19  Washington  Bush unveils $17.4bn car bail-out



World, Business, 2008 Ground Forces Timeline ... See World Ground Forces timeline Top ^
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



World, Business, 2008 Stocks Timeline ... See World Stocks timeline Top ^
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



World, Business, 2008 Labor Conflict Timeline ... See World Labor Conflict timeline Top ^
2008 Jan.7  Naples  Soldiers bulldoze Naples rubbish Jul.15  South Korea  Ex-Samsung boss convicted Dec.10  Athens  Strike adds to unrest



World, Business, 2008 Job Cut Timeline ... See World Job Cut timeline Top ^
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



World, Business, 2008 Bankruptcy Timeline ... See World Bankruptcy timeline Top ^
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



World, Business, 2008 High Tech Business Timeline ... See World High Tech Business timeline Top ^
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



World, Business, 2008 Summit Timeline ... See World Summit timeline Top ^
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



World, Business, 2008 Criminal Probe Timeline ... See World Criminal Probe timeline Top ^
2008 Jan.29   New Delhi Police broken organ-trafficking scheme May.31  Sichuan  Race against time to drain 'quake lake'



World, Business, 2008 Agreement Timeline ... See World Agreement timeline Top ^
2008 Oct.5  Berlin  Plan to save German bank 'agreed' Oct.12  Paris  European banks rescue plan agreed



World, Business, 2008 Aviation Business Timeline ... See World Aviation Business timeline Top ^
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



World, Business, 2008 Tourism Timeline ... See World Tourism timeline Top ^
2008 Dec.16   Israel Tourist bus crash kills 24
Dec.21   Mumbai Terror-devastated hotels reopen



World, Business, 2008 Famine Timeline ... See World Famine timeline Top ^
2008 May.22  UN  U.N.: Poor could pay 40% more for food



World, Business, 2008 Talks Timeline ... See World Talks timeline Top ^
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'



World, Business, 2008 Construction Timeline ... See World Construction timeline Top ^
2008 May.31  Sichuan  Race against time to drain 'quake lake' Jun.1   Jerusalem Israel to build 884 homes in East Jerusalem




World, Business, 2008 Business Leaders Timeline ... See World Business Leaders timeline Top ^
2008 Jul.15  South Korea  Ex-Samsung boss convicted



World, Business, 2008 Protest Timeline ... See World Protest timeline Top ^
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



World, Business, 2008 Good Economic News Timeline ... See World Good Economic News timeline Top ^
2008 Jan.24   U.S. Congress Deal reached on US economic plan




World, Business, 2008 Macroeconomics Timeline ... See World Macroeconomics timeline Top ^
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



World, Business, 2008 Trade Timeline ... See World Trade timeline Top ^
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



World, Business, 2008 Entertainment Timeline ... See World Entertainment timeline Top ^
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



World, Business, 2008 Parliament Timeline ... See World Parliament timeline Top ^
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



World, Business, 2008 Oil Timeline ... See World Oil timeline Top ^
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