London - The British economy has shrunk for the first time in 16 years, dropping 0.5 per cent in the July-September quarter, the Office for National Statistics reported Friday.
Copenhagen - Denmark's central bank increased the lending rate by 0.50 percentage points to 5.5 per cent Friday in a move to "support the Danish krone," the bank said.
Brussels - The trouble with telling a nervous customer that you have solved their problem is that you first have to admit that there is one. That is the dilemma facing the world's banks, governments and financial institutions as they desperately try to restore faith in an economic system which millions of customers now believe has failed.
"We have shown the world that the United States of America will stabilize our financial markets and maintain a leading role in the global economy," US President George W Bush proclaimed on October 3 after the US Congress passed a 700-billion-dollar bank rescue plan.
His words spectacularly failed to restore global confidence, with stock markets nosediving in the days following the vote.
Amsterdam - It's a beautiful Autumn day in Buitenveldert, one of Amsterdam's most popular neighbourhoods set against a backdrop of high-rises including the headquarters of Dutch ABN Amro and ING Bank.
Children bike around safely here on the broad bicycle paths, separated by trees from the roads.
During office hours, elderly people are strolling around in one of the many parks or chatting on benches at the upscale Gelderland plein shopping centre.
But despite appearances of such a peaceful urban setting, times have changed for Buitenveldert.
Frankfurt - The euro hit a three-year low Friday of below 1.
Singapore - Singapore's ma
Amsterdam - It's a beautiful Autumn day in Buitenveldert, one of Amsterdam's most popular neighbourhoods set against a backdrop of high-rises including the headquarters of Dutch ABN Amro and ING Bank.
