AFP - The FTSE 100 index lost 5 percent Friday to trade at 3883.36 after preliminary data showed the British economy shrank 0.5 percent in the third quarter.
AP - OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the "dramatic collapse" of oil prices, but crude prices plunged 5 percent anyway as financial markets spiraled downward across the globe.
AP - Britain's economy shrank in the third quarter as the global credit squeeze took its toll, according to figures out Friday, confirming that the country is on the brink of its first recession since 1991. The pound plunged.
AP - Three-month lending rates among banks in the U.S. and Europe are falling but more slowly amid fears over global economic growth.
AP - Construction cranes have stopped swinging and thousands of steel workers face layoffs as Ukraine braces for a severe economic downturn.
AFP - London's FTSE 100 index of top shares plunged by more than nine percent on Friday as data revealed that the economy shrank in the third quarter, placing it on the brink of recession.
AP - Cuba and the European Union ended a five-year standoff on Thursday by signing an agreement that calls for EU members to send the island euro2 million (US$2.6 million) in immediate hurricane recovery aid and up to euro30 million (US$38.8 million) more in financing next year.
AP - The Ukrainian currency plunged against the dollar Thursday as people raced to exchange booths to convert their savings into U.S currency.
AP - European stock markets were lower Thursday following hefty losses in Asia earlier and an expected further retreat on Wall Street as spreading pessimism over corporate earnings reinforced concerns about the world economy.
AP - Credit Suisse Group reported a 1.26 billion Swiss franc ($1.08 billion) loss during the third quarter Thursday, blaming bad investments and the global financial turmoil, and the bank said it was working to further cut its exposure to toxic assets.
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