World markets in turmoil after Congress rejects $700bn deal
An already fragile global economy was left reeling yesterday after the US House of Representatives threw out a $700bn plan to bail out the banking industry. The surprise rejection triggered panic among the world's stockmarkets, with Wall Street suffering one of its worst days in history. The US Dow Jones... [continued]
Bail-out collapses under pressure from US voters 
The Business Pages
AIG rescue and the Goldman connection
Republicans blame Pelosi for defeat
Recriminations have begun within the US government over how the fragile bail-out deal came to be rejected, despite the bipartisan cooperation seen in putting the rescue plan together. Republicans in the House of Representatives snubbed the President Bush-backed bill to lead a rebellion which saw the rescue plan defeated by... [continued]
Bail out collapses under pressure from US voters
The Business Pages
AIG rescue and the Goldman connection
Stampede kills scores at temple
At least 170 worshippers are thought to have died and several hundred more people were injured after a stampede at a Hindu temple in the northern Indian state of Rajasthan. A wall near the Chamunda Devi temple in the city of Jodhpur is said to have collapsed, causing... [continued]
In pictures: war at the temple
Olmert urges Israel to return land
The outgoing Israeli prime minister Ehud Olmert has said his country must withdraw from "almost all" the land it captured in the 1967 war if it wants peace with Syria and the Palestinians. In an interview with the Israeli newspaper Yedioth Ahronoth, Olmert said any peace deal would... [continued]
Robert Fox: US and Israel should beware of taking on Iran
Israel arming of Georgia sours Russian relations
Petraeus warns Pakistan on threat
American General David Petraeus has warned Pakistan that militants pose "an existentialist threat", to Pakistan's "very existence". The recently promoted head of US Central Command, who was speaking in London after meeting Prime Minister Gordon Brown, said that Pakistan would have to deal with the problem. However... [continued]
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