Finance ministers from the world?s leading industrialized nations are trying to end the global credit crisis. Also, in the midst of a banking meltdown, we?ll examine a couple of institutions that are still working well. But, all in all, the week has ended badly - very badly - for markets around the world.
It?s all the economies all the time as countries all over the world try to come to grips with a global financial meltdown. For example, the Swiss International Institute for Management Development is one of the world?s top business schools, and, today, both professors and students there are trying to figure out what in the world is going on.
Germany?s auto manufacturers are reacting to the increasingly poor economic environment by halting production. At the same time, African businessmen fear the effects on their countries. While, central banks around the world have slashed interest rates in a bid to stop global financial haemorrhaging.
Worldwide economic turmoil is forcing Germany?s rail operator to postpone a long-planned stock market offering. Also, after years of business success, the tiny island nation of Iceland suddenly finds itself in dire financial straits. And, as the economic crisis continues to escalate, the International Monetary Fund continues to add up the cost.
For the first time, German military troops are being readied for domestic assignments. Also, Europe?s largest telecommunications firm is hit with another privacy scandal. And, a German economist examines the causes of the current financial meltdown.
European Union leaders are meeting this weekend to try to deal with the global financial crisis. Also, this year?s Paris Auto show has opened with a focus on "green" cars. And, smaller countries in Africa, the Caribbean and the Pacific are hoping unity will give them a stronger international bargaining position.
Following the US lead, European governments are now scrambling to deal with the global financial crisis. We?ll also hear from an analyst on how well they?re doing in their preparations. And, European defense officials are also preparing to deal with Somali pirates.
Serbia?s president has travelled to Berlin for talks on improving ties with the EU. Also, German researchers are helping to build earthquake-proof schools in Iran. And, a German financial markets expert considers the current state of the global economy.
Austrian politicians are again trying to form a new government without the need of extreme right-wing parties. Also, Finland is cracking down on weapons permits following last week?s fatal school shootings. And, a German banker on Wall Street says the US must do more to solve the global financial crisis.
As the US congress rejects an enormous bailout plan for Wall Street, the German government steps in to save a major mortgage bank. Also, the conservative party in Bavaria has suffered an historic defeat, creating new problems for German Chancellor Angela Merkel. And, as the world-famous Oktoberfest continues in Munich, one of our reporters tries on traditional Bavarian fashion ? the dirndl.
Coming up on the program...
1. How is Europe dealing with U.S. finance crisis?
2. Moslems in London share food with the poor
3. Oktoberfest in Munich in full swing
Coming up on the program..
1. Financial crisis in US becomes more expensive
2. Milk scandal in China
3. Were they terrorists or not? New German film looks for answers.
Coming up on the program...
1. European markets respond to US crisis
2. Will power sharing work in Zimbabwe?
3. All inclusive vacations not popular with everyone