AP - Gordon Brown has been one of the few leaders with a spring in his step since the world economy began to nosedive and he'll be hoping it will carry him to success at a weekend summit on the global financial meltdown.
AP
Continue reading about Britain’s Brown seeks to take lead at G-20 summit (AP)
AP - More than a trillion dollars in annual investments to find new fossil fuels will be needed for the next two decades to avoid an energy crisis that could choke the global economy, the International Energy Agency said Wednesday.
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Continue reading about Energy agency warns of impending supply crunch (AP)
AFP - London shares closed down Wednesday in a volatile session as financial and retail stocks sunk on further evidence of severe economic downturns across the globe.
AFP
AP - Carmaker Opel's factory in southern Poland will temporarily halt production because of lower demand in Europe amid the global financial crisis, an official said Wednesday.
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Continue reading about Opel temporarily halting production in Poland (AP)
AP - The Bank of England warned Wednesday that the economy will shrink significantly next year and inflation will tumble from current highs, stoking expectations that the central bank will cut interest rates further.
AP
Continue reading about BoE gloomy outlook stokes rate cut hopes (AP)
AFP - Devastating profit results worldwide and more grim news on Wednesday that Germany and Britain are facing recession raised pressure on world leaders ahead of an economic crisis summit this weekend.
AFP
Continue reading about Economic gloom mounts ahead of finance crisis summit (AFP)
AP - Britain stepped up its attempts to woo oil-rich Gulf states on Wednesday, with Business Secretary Peter Mandelson urging leaders in the region to bring investment here as a delegation of Saudi businessmen toured key British finance centers.
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Continue reading about UK steps up wooing of oil-rich Gulf states (AP)
AFP - The Bank of England said Wednesday the British economy was probably already in recession and faced a distant risk of deflation as a global financial crisis takes its toll.
AFP
Continue reading about Britain likely in recession, risks deflation: Bank of England (AFP)
AP - World stocks fell Wednesday, extending Tuesday's heavy losses as evidence mounted that the global financial crisis is hurting economies and company profits.
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Continue reading about World stocks lower as economies, companies suffer (AP)
AP - A top European Union official told Iceland on Wednesday it must settle disputes with EU nations over clients who lost money in Icelandic banks before it can have planned loans approved.
AP
Continue reading about EU tells Iceland to resolve deposit disputes (AP)
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