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Iceland battles economic crisisPlay

Iceland battles economic crisis

Reuters - 28 minutes ago

Iceland takes over its second largest bank and props up its battered currency, the crown, in the face of financial crisis that threatens to overwhelm the economy.

  • Starbucks accused of wasting water Play
    Starbucks accused of wasting water Reuters - 36 minutes ago

    The giant coffee chain Starbucks has been accused of wasting 23 million litres of water every day by telling employees to keep taps running.

  • Fed steps in again Reuters - 36 minutes ago

    The Federal Reserve will begin buying commercial paper in a special measure aimed at restoring confidence in another bruised market.

  • UK banks slide further Reuters - 2 hours, 23 minutes ago

    Recapitalisation rumours caused shares in UK high street banks to slump as much as 30 percent.

  • Traders hold out for rate cuts Play
    Traders hold out for rate cuts Reuters - Tue Oct 7, 9:28 AM ET

    Germany's DAX index opens over 1.5 percent higher after suffering record losses the previous day, ending 7 percent down.

  • Passengers hurt in plane drama Play
    Passengers hurt in plane drama Reuters - Tue Oct 7, 8:48 AM ET

    A Qantas Airbus A330-300 makes an emergency landing at a remote Australian airport.

  • Palace skinny dip spares no blushes Play
    Palace skinny dip spares no blushes Reuters - Tue Oct 7, 8:07 AM ET

    A naked man led police in Tokyo on a two-hour chase in and around the moat of Japan's Imperial Palace.

  • Scores injured in Thai clashes Play
    Scores injured in Thai clashes Reuters - Tue Oct 7, 7:16 AM ET

    Thailand's deputy Prime Minister resigns after accepting responsibility for clashes between police and anti-government protesters.

  • Turkish Army bombs rebel targets Play
    Turkish Army bombs rebel targets Reuters - Tue Oct 7, 7:02 AM ET

    Turkish warplanes have been pounding suspected Kurdish rebel targets in northern Iraq, after the death of 17 Turkish soldiers in a cross-border ambush.

  • So long and thanks for all the fish Play
    So long and thanks for all the fish Reuters - Tue Oct 7, 6:40 AM ET

    Penguins washed up on beaches in north-eastern Brazil head back to their natural habitat.

  • Central Asia quake aftermath Play
    Central Asia quake aftermath Reuters - Tue Oct 7, 6:25 AM ET

    Authorities are on the alert after the wave of tremors that have brought chaos to parts of China, Tibet and Kyrgyzstan.

  • Oz rate cut lifts Asia Play
    Oz rate cut lifts Asia Reuters - Tue Oct 7, 4:50 AM ET

    A large Australian interest rate cut lifted regional share markets from lows on hopes of more action to counter financial turmoil.

  • China: World shouldn't foot US bill Play
    China: World shouldn't foot US bill Reuters - Tue Oct 7, 4:05 AM ET

    The official newspaper of major U.S. creditor China said Tuesday the world shouldn't foot the bill for U.S. economic and financial woes.

  • Argentina sees decline in bees Play
    Argentina sees decline in bees Reuters - Mon Oct 6, 11:25 PM ET

    Experts suggested a boom in the soy industry in Argentina's Pampas plains has contributed to a drop in the bee population.

  • Talk of the Town:Miley's Sweet 16 Play
    Talk of the Town:Miley's Sweet 16 Reuters - Mon Oct 6, 9:55 PM ET

    Talk of the Town brings you the latest in news, music and celebrity talk.

  • Dow slumps below 10,000 Play
    Dow slumps below 10,000 Reuters - Mon Oct 6, 7:11 PM ET

    U.S. blue chips closed below 10,000 for the first time since October 2004 as growing worries of a global economic recession knocked the wind out of investors around the world.

  • Wachovia battle on hold...for now Play
    Wachovia battle on hold...for now Reuters - Mon Oct 6, 6:20 PM ET

    Wachovia, Citigroup and Wells Fargo have agreed to a litigation standstill.

  • Afghanistan: 7 years after invasion Play
    Afghanistan: 7 years after invasion Reuters - Mon Oct 6, 6:06 PM ET

    Mixed verdict on whether life has gotten better some seven years after Afghan war began

  • McCain, Obama prepare for second debate Play
    McCain, Obama prepare for second debate Reuters - Mon Oct 6, 5:59 PM ET

    John McCain is hoping that Tuesday night's presidential debate in Nashville, Tennessee shakes up the race for the White House

  • Star-laden edgy ad campaign targets young voters. Play
    Star-laden edgy ad campaign targets young voters. Reuters - Mon Oct 6, 4:01 PM ET

    Leonardo DiCaprio, Jessica Alba and Ellen DeGeneres are just a few celebs urging young people to vote in a series of edgy campaigns.

  • Lehman's Fuld testifies before House panel Play
    Lehman's Fuld testifies before House panel Reuters - Mon Oct 6, 2:58 PM ET

    Richard Fuld, who was chief executive of bankrupt investment bank Lehman Brothers, testifies before the U.S. House of Representatives panel on oversight and government reform.

  • AIDS and cancer pioneers win Nobel Play
    AIDS and cancer pioneers win Nobel Reuters - Mon Oct 6, 2:27 PM ET

    Two French scientists who discovered the AIDS virus and a German who found the virus that causes cervical cancer are awarded the 2008 Nobel prize for medicine or physiology.

  • Dozens die in Central Asia quake Play
    Dozens die in Central Asia quake Reuters - Mon Oct 6, 2:27 PM ET

    Most of the casualties were in Kyrgyzstan but strong quakes have also hit neighbouring China and Tibet.

  • Deadly California bus crash Play
    Deadly California bus crash Reuters - Mon Oct 6, 1:33 PM ET

    Investigators are looking into what caused a bus to flip over and roll into a ditch in northern California.

  • Mammals in extinction crisis Play
    Mammals in extinction crisis Reuters - Mon Oct 6, 1:26 PM ET

    An international conservation group says a quarter of the world's mammals face extinction.

  • Dow touches 5-year low Play
    Dow touches 5-year low Reuters - Mon Oct 6, 1:26 PM ET

    Worries the government's $700 bank bailout will not be enough to prevent a recession in the U.S. or Europe prompted a sell-off which dragged the Dow below 9,800.

  • Gloves off in White House race Play
    Gloves off in White House race Reuters - Mon Oct 6, 1:19 PM ET

    With less than one month until election day, the gloves appear to coming off in the race for the White House.

  • Stocks tank on uncertainty Play
    Stocks tank on uncertainty Reuters - Mon Oct 6, 1:03 PM ET

    European stocks fell to their lowest level in four years as governments scramble to guarantee deposits and save banks.

  • No public show for Iraq's treasures Play
    No public show for Iraq's treasures Reuters - Mon Oct 6, 12:55 PM ET

    Iraqi curators say that the country's ancient treasures will remain locked away until security improves.

  • Bank deals fail to calm stock markets Play
    Bank deals fail to calm stock markets Reuters - Mon Oct 6, 12:30 PM ET

    Stock markets in Europe and across the globe have plunged after U.S. and European bank bailouts fail to stem fears of economic slowdown.

  • Markets jittery after lender rescues Play
    Markets jittery after lender rescues Reuters - Mon Oct 6, 11:33 AM ET

    European bank shares tumble after the weekend's bailouts of Germany's Hypo Real Estate and Belgian-Dutch banking and insurance group Fortis.

  • Suicide blast hits Sri Lanka town Play
    Suicide blast hits Sri Lanka town Reuters - Mon Oct 6, 10:58 AM ET

    A Sri Lankan suicide bomber has killed at least 26 people in the north central town of Anuradhapura, town including a popular retired army general.

  • Markets meltdown mirth Play
    Markets meltdown mirth Reuters - Mon Oct 6, 10:45 AM ET

    The credit crunch has given city cartoonists plenty to chew on.

  • Strikes bring chaos to Belgium Play
    Strikes bring chaos to Belgium Reuters - Mon Oct 6, 10:17 AM ET

    A nationwide stoppage in protest over rising prices has severely disrupted transport services.

  • Confusion over deposit guarantee Play
    Confusion over deposit guarantee Reuters - Mon Oct 6, 9:27 AM ET

    As more European banks follow Germany's lead and guarantee savers' deposits, Germany says it made no such pledge.

  • Name that tune Play
    Name that tune Reuters - Mon Oct 6, 9:07 AM ET

    The mobile music identification service Shazam has seen a surge of new users after broadening its offering to work seamlessly with social networks.

  • Shazam enters new era Play
    Shazam enters new era Reuters - Mon Oct 6, 8:33 AM ET

    The mobile music discovery service has seen a surge of new users after broadening its offering to work seamlessly with social networks.

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