International

World may be lucky to get worst recession since 1983
13/10/2008 05:00
A pedestrian walks past an advertisement board of a foreign exchange bank in Seoul on October 9, 2008. The world may be heading for its worst recession in a quarter of a century – if it’s lucky....
Thai troops will not leave Cambodian border: minister
13/10/2008 05:00
Cambodia’s Foreign Minister Hor Namhong speaks to the media after meeting with Thailand’s Foreign Minister Sompong Amornvivat at the Ministry of Foreign Affairs in Phnom Penh October 13, 2008. Thai soldiers will not leave...
U.S. to outline $250 billion bank bailout
13/10/2008 05:00
Treasury Secretary Henry Paulson testifies before the House Financial Services Committee about credit market turmoil and the government economic bailout on Capitol Hill in Washington September 24, 2008 The U.S. Treasury is...
Zimbabwe President Mugabe swears in vice presidents
13/10/2008 05:00
Zimbabwe President Robert Mugabeon Monday took the second major step towards forming a cabinet when he swore in the country’s two vice presidents at the State House. Zimbabwe President Robert Mugabe (L) holds the swear-in ceremony for vice president Joseph...
Wall Street sees record one-day-surge after deep losses
13/10/2008 05:00
Wall Street saw its biggest one-day-surge Monday after eight days of deep losses that took the Dowdown nearly 2,400 points as the West governments’ plans to support the global banking system. Traders work at the New York Stock Exchange in New York, the United...
U.S. economist Paul Krugman wins 2008 Nobel Prize for Economics
13/10/2008 05:00
U.S. economist Paul Krugman Monday won the 2008 Nobel Prize in Economics “for his analysis of trade patterns and location of economic activity.” File photo of Paul Krugman of Princeton Univsersity. The Royal Swedish Academy of Sciences said Monday, Oct. 13,...
Russian spaceship docks with space station
13/10/2008 05:00
The Russian manned spaceship Soyuz, with three passengers from Russia and the United States on board, docked with the International Space Station (ISS) on Tuesday. U.S. space tourist Richard Garriott (L), Russian cosmonaut Yury Lonchakov (C) and U.S....