AP - Spain, pressing for an invitation to next week's global financial crisis summit in Washington, has won French support to attend as an observer, officials said Thursday.
AP
Continue reading about Spain tries to win invite to summit in US (AP)
AP - A special election Thursday in Scotland is being seen as a measure of whether Prime Minister Gordon Brown's handling of the global financial crisis has raised his popularity.
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Continue reading about Scottish special election a test for UK’s Brown (AP)
AFP - The FTSE 100 Index slumped for a second consecutive day Thursday as investors viewed interest rate cuts by the Bank of England and European Central Bank as a sign the regional economy is in a far worse state than originally thought.
AFP
Continue reading about London FTSE slumps on rates cuts (AFP)
AP - The Bank of England slashed its key interest rate by 1.5 percentage points Thursday to its lowest in more than 50 years in a dramatic bid to cushion the coming recession, while the European Central Bank settled for a more conservative half-point trim.
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Continue reading about European banks cut rates as recession looms (AP)
AP - The British government has set aside 800 million pounds ($1.3 billion) for British savers who lost their money when Icelandic-owned Internet bank Icesave collapsed last month, the Treasury announced Thursday.
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Continue reading about Iceland bank failure may cost UK Treasury $1.3 bn (AP)
AFP - The London FTSE 100 index of leading shares was down 5.25 percent at 4,292.90 points in late trade on Thursday, as a huge cut in interest rates led investors to believe that Britain was set for a deep recession.
AFP
AP - Spain is relying on European support in its diplomatic offensive to win an invitation to a Nov. 15 summit in Washington on the international financial crisis, an official in the prime minister's office said Thursday.
AP
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AP - The European Central Bank cut its key interest rate by half a percentage point to 3.25 percent on Thursday and the Bank of England made an even more aggressive reduction of 1.5 percentage point in an effort to ease the financial crisis and boost their flagging economies.
AP
Continue reading about European, British central banks cut rates (AP)
AP - The EU business lobby urged the European Union Thursday to drop anti-pollution plans that could increase costs for companies, saying the current financial crisis is already badly hurting their competitiveness.
AP
Continue reading about EU business lobby opposes pollution fees plan (AP)
Reuters - The European Central Bank slashed interest rates by 50 basis points on Thursday, hoping to breathe life into the euro zone economy as it faces its first recession.
Reuters
Continue reading about ECB cuts rates by 50 basis points, more action expected (Reuters)
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