The world this week

Amid signs of a worsening British economy, the Bank of England slashed its benchmark interest rate by one-and-a-half percentage points to 3%, its lowest level since 1955. Earlier, Gordon Brown said...

Barack Obama and John McCain made one last frantic round of campaign appearances ahead of America’s presidential election on November 4th. Flush with funds, Mr Obama appeared on prime-time televisi...

America’s Federal Reserve cut its benchmark interest rate by 50 basis points, to 1%, its lowest level since June 2004. China’s central bank also shaved interest rates for the third time in six week...

George Bush held a meeting at Camp David to discuss the global financial crisis with Nicolas Sarkozy, the French president, who is also the current head of the European Union, and Jose Manuel Barro...

America’s Federal Reserve took further measures to boost liquidity by unveiling a plan to provide up to $540 billion to support money-market mutual funds. The funds, which are usually low-risk inve...

Frantic negotiations took place after congressmen unexpectedly voted against the federal government’s $700 billion bail-out of America’s banking system. As markets around the world spun into a free...