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Members of the G-7 have been meeting in Washington this weekend, trying to come up with solutions to the financial crisis. On Friday, they issued a five-point action plan, but it's unlikely to have an immediate effect on the turmoil in the financial markets. They met with President Bush on Saturday morning at the White House. ()
The country was removed from the list after it agreed to nuclear inspection demands. ()
Global finance ministers try to show they're working in a coordinated way to tackle the crisis. ()
October 11, 2008 · President Bush was short of specifics in his brief statement after Saturday morning's meeting. Will the meeting itself be enough to calm the worldwide markets after the weekend, or will the finance ministers have to offer a concrete plan to stabilize the world's financial systems? ()
October 10, 2008 · The Norwegian Nobel Committee announced Friday that Finland's former president, Martti Ahtisaari, has won the Nobel Peace Prize. He was cited for his long career of peace mediation work including a 2005 accord between Indonesia and rebels in its Aceh province. ()
October 10, 2008 · Africa has made some of its biggest gains ever in the past few years as China, India, Europe and the United States have competed for its natural resources. But what happens when the money dries up? ()
October 10, 2008 · The nuclear disarmament deal between North Korea and the United States appears to be unraveling. North Korea has banned U.N. inspectors from a nuclear weapons complex, and there are reports that it may be getting ready to test some short-range missiles. ()
October 10, 2008 · Thousands of Pakistanis are fleeing to Afghanistan to avoid a military launch against the Taliban. Pakistani soldiers are going door-to-door in the area demanding that Afghan refugees, many of whom have lived in Pakistan for decades, go back to Afghanistan as well. Afghan officials question how many more refugees they can house and feed in the midst of a food shortage. ()
October 9, 2008 · The Swedish Academy praised Jean-Marie Gustave Le Clezio for his adventurous novels, essays, non-fiction and children's literature. His work is often about wanderers, people on a quest for meaning and grappling with national histories. ()
October 8, 2008 · A coordinated interest rate cut by the Federal Reserve and five other central banks sends markets on a roller-coaster ride. U.S. Treasury Secretary Henry Paulson counsels patience and vows to do whatever it takes to offset the worst financial crisis since the Great Depression. ()
October 9, 2008 · There has been hope and speculation that Asian countries, particularly China, might step in and buy stakes in failing U.S. financial institutions. China is the world's fastest growing economy, and it has the world's largest foreign exchange reserves. But for now, China is not expected to rush to the rescue. ()
October 9, 2008 · It's been one day since a multibillion-dollar rescue package was put forward by British Prime Minister Gordon Brown. Politicians in Britain warned Wednesday against measuring the success of the plan by looking at the stock exchange. Public reaction has been one of relief, although ordinary investors are angry that the banks are being bailed out. ()
October 8, 2008 · Three scientists — a Japanese citizen and two Americans — who created a method for unveiling the previously invisible machinery inside living cells, using a protein that glows in the dark, won the 2008 Nobel Prize for chemistry. ()
October 9, 2008 · Spain's Banco Santander remains a robust international financial institution. Strong lending principles and local retail banking led to a $6.5 billion profit in the first half of the year. It does face the same threat as all other banks, however — a lack of consumer confidence. ()
October 8, 2008 · Britain has announced a multibillion-dollar rescue plan for its banking system. The plan would partially nationalize the banking industry in an attempt to shore up a financial sector that many fear won't survive the turmoil without government help. ()
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