Archive for October 27th, 2008

Britons reeling, but few crying into their beer (AP)

In this July 28, 2008 file photo, a pint of beer is pulled in a pub in London. The iconic British pint has become the latest victim of the global credit crunch Monday, Oct. 27, 2008, with total beer sales dropping around 7 percent in the third quarter of this year.  (AP Photo/Kirsty Wigglesworth, file)AP - Britons may be reeling from the international financial crisis, but few are crying into their beer.

AP

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Shares slump more than 5% (AFP)

A man wearing a crash helmet is pictured beside an electronic display board showing the FTSE 100 share index in London, October 24. The London stock market hit a five-year trough Monday as the market continued to digest news that the economy was on the brink of recession after negative growth in the third quarter.(AFP/File/Shaun Curry)AFP - The London stock market hit a five-year trough Monday as the market continued to digest news that the economy was on the brink of recession after negative growth in the third quarter.

AFP

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German economy hits major slump: IFO (AFP)

A construction site at Berlin's Alexanderplatz Square in 2006. Europe's biggest economy has seriously hit the skids, a key survey has showed, leading analysts to forecast a German recession well into next year.(AFP/DDP/File/Theo Heimann)AFP - Europe's biggest economy has seriously hit the skids, a key survey showed on Monday, leading analysts to forecast a German recession well into next year.

AFP

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German economist apologizes for Jewish comparison (AP)

AP - A leading German economist apologized Monday for drawing a much-criticized parallel between corporate managers today and the Nazi-era persecution of Jews that followed the 1929 financial crisis.

AP

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Interbank lending improvements slow (AP)

AP - Lending rates among banks in the U.S. and Europe have edged barely lower Monday, suggesting concerns over global economic growth are keeping credit conditions tight.

AP

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  • EU, US strike deal with China over media restrictions dispute (AFP)