One of Barack Obama’s top advisers on Sunday called on Congress to begin work on an economic rescue plan even before the new administration takes office, and hinted the president-elect could hold off introducing new taxes for his first two years.
Pakistan’s president has taken a political gamble by offering some of the strongest words of conciliation towards India of any Pakistani leader since its creation in 1947
In September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being.
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Talks continue between struggling High Street chain Woolworths and its banks in the hope of avoiding administration.
Leaders from Asia-Pacific nations meeting in Peru pledge not to raise trade barriers in the face of the worldwide financial crisis.
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