AFP
Top Stories - AFP

Traders at the Hong Kong Stock Exchange on October 3. World stock markets have plummeted, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.(AFP/File/Mike Clarke)

Panic grips world stock markets

43 minutes ago

LONDON (AFP) - World stock markets plummeted on Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.

  • Map of Kyrgzystan, locating earthquake in Nura. A strong earthquake has hit Kyrgyzstan, killing 72 people mainly in a remote village near the border with China that rescuers are racing to reach.(AFP/Gil)
    Seventy-two dead as Kyrgyzstan quake razes village 2 hours, 1 minute ago

    BISHKEK (AFP) - Rescuers raced to reach a remote village in Kyrgyzstan on Monday after a strong earthquake killed at least 72 people in a mountainous area near the border with China, officials said.

  • French businessman Pierre Falcone leaves a Paris court in October 2007. Forty-two people including Falcone and dozens of businessman, politicians and public figures go on trial Monday over a vast "arms-to-Angola" scandal.(AFP/File/Joel Saget)
    Forty-two face trial over French 'Angolagate' Mon Oct 6, 5:32 AM ET

    PARIS, (AFP) - Forty-two people including the son of late French president Francois Mitterrand and dozens of businessmen, politicians and public figures go on trial Monday over a vast "arms-to-Angola" scandal.

  • French virologist Luc Montagnier, co-discoverer of the HIV virus, is seen here in 2007. France's Francoise Barre-Sinoussi and Montagnier, who have won one half of the Nobel Medicine Prize, discovered the human immunodeficiency virus (HIV) that causes AIDS.(AFP/File/Karim Sahib)
    Research on AIDS virus and cancer wins Nobel Medicine Prize 1 hour, 17 minutes ago

    STOCKHOLM (AFP) - French and German scientists credited with the discovery of the viruses behind AIDS and cervical cancer won Monday the Nobel Medicine Prize, the first of the prestigious awards to be announced.

  • A monkey sits in a tree. Half the world's mammals are declining in population and more than a third probably face extinction, according to an update of the "Red List," the most respected inventory of biodiversity.(AFP/File/Kambou Sia)
    Half of mammals 'in decline', says extinction Red List 42 minutes ago

    BARCELONA (AFP) - Half the world's mammals are declining in population and more than a third probably face extinction, said an update Monday of the "Red List," the most respected inventory of biodiversity.

  • Combination image shows the logos of Wachovia bank (top) and Citigroup. A US appeals court has struck down an earlier injunction order on a proposed merger between banks Wells Fargo & Co and Wachovia, as the legal saga continues.(AFP/File)
    Citi, Wells Fargo turn to courts to win battle for Wachovia Mon Oct 6, 2:50 AM ET

    WASHINGTON (AFP) - The battle over troubled lender Wachovia Corp. has heated up after bank Wells Fargo & Co. secured a court ruling overturning an earlier injunction halting their proposed merger.

  • The US Federal Reserve building in Washington. The US Federal Reserve has said it would begin to pay interest on bank deposits for the first time and expand its refinancing operations for commercial banks to 600 billion dollars in a bid to increase liquidity.(AFP/File/Karen Bleier)
    Fed announces expanded refinancing operations 29 minutes ago

    WASHINGTON (AFP) - The US Federal Reserve said Monday it would begin to pay interest on bank deposits for the first time and expand its refinancing operations for commercial banks to 600 billion dollars in a bid to increase liquidity.

  • Liverpool's Dutch forward Dirk Kuyt celebrates after scoring against Manchester City at The City of Manchester Stadium on October 5. Liverpool scooped a last-gasp 3-2 victory over their northern English rivals.(AFP/Andrew Yates)
    Liverpool manager Benitez says belief is key Sun Oct 5, 9:28 PM ET

    LONDON (AFP) - Rafael Benitez said his Liverpool side's belief will be the key to their success this season as they slug it out for the English Premier League title.

  • A.J. Pierzynski (left) and Bobby Jenks of the Chicago White Sox celebrate their 5-3 win against the Tampa Bay Rays in Chicago, Illinois.(AFP/Getty Images/Jamie Squire)
    Angels, White Sox stave off baseball elimination Mon Oct 6, 1:47 AM ET

    BOSTON, (AFP) - Anaheim and Chicago fought off elimination Sunday as the Angels went the distance to beat Boston in a marathon contest and the White Sox batters broke out of a mini-slump to put Tampa's party on hold.

  • Graffiti in the Bairro Alto neighbourhood of Lisbon. To some they are eyesores fit only to be painted over, to others they are legitimate works of art: a new 'museum' of graffiti has divided the residents of of the fashionable district(AFP/Francisco Leong)
    'Wake up Lisbon!' Graffiti museum divides locals Mon Oct 6, 3:01 AM ET

    LISBON (AFP) - To some they are eyesores fit only to be painted over, to others they are legitimate works of art: a new 'museum' of graffiti has divided the residents of Lisbon's fashionable Bairro Alto district.

  • A man walks into the headquarters of the German bank Hypo Real Estate in the southern German city of Munich. Germany sealed a public-private rescue plan for the country's fourth biggest bank Sunday as the government extended a blanket guarantee for all personal bank deposits to avert panic withdrawals.(AFP/DDP/File/Joerg Koch)
    Bank rescue deal struck as Germany guarantees savings Sun Oct 5, 6:54 PM ET

    BERLIN (AFP) - Germany sealed a public-private rescue plan for the country's fourth biggest bank Sunday as the government extended a blanket guarantee for all personal bank deposits to avert panic withdrawals.

  • Republican presidential nominee, Arizona Senator John McCain, speaks on October 2 at a women's town hall meeting in Denver. Barack Obama hammered McCain Sunday for wanting to "turn the page" on the US economic crisis and engage in low-blow personal attacks a month from election day.(AFP/File/Mandel Ngan)
    Obama accuses McCain of sordid attacks amid economic peril Sun Oct 5, 4:55 PM ET

    ASHEVILLE, North Carolina (AFP) - Barack Obama hammered Republican White House rival John McCain Sunday for wanting to "turn the page" on the US economic crisis and engage in low-blow personal attacks a month from election day.

  • European Union observers study a map at the road near a village of Khevtubani 10km outside Gori. Russian forces in Georgia have removed a first checkpoint and began dismantling others as part of an expected troop pull-back after August's war over the South Ossetia rebel region.(AFP/Vano Shlamov)
    Russia starts pull-back from Georgian war zones Sun Oct 5, 5:29 PM ET

    NABAKHTEVI, Georgia (AFP) - Russian forces in Georgia removed a first checkpoint Sunday and began dismantling others as part of an expected troop pull-back after August's war over the South Ossetia rebel region.

  • Israeli Foreign Minister Tzipi Livni (R) shakes hands with French Foreign Minister Bernard Kouchner prior to their meeting in Jerusalem. Kouchner warned that Israel would strike archfoe Iran before it was able to develop nuclear weapons, in comments published today.(AFP/Gali Tibbon)
    French FM warns of Israeli strike on Iran nuclear sites Sun Oct 5, 4:19 PM ET

    JERUSALEM (AFP) - Visiting French Foreign Minister Bernard Kouchner warned that Israel would strike archfoe Iran before it was able to develop nuclear weapons, in comments published on Sunday.

  • A panther is seen at a zoo in India. The world must act quickly if it is to brake an unprecedented die off of the Earth's animal and plant life that could have dire consequences for humans as well, top conservationists warned on Sunday.(AFP/File/Noah Seelam)
    Conservation congress kicks off with dire warning on biodiversity Sun Oct 5, 2:34 PM ET

    BARCELONA (AFP) - The world must act quickly if it is to brake an unprecedented die off of the Earth's animal and plant life that could have dire consequences for humans as well, top conservationists warned on Sunday.

  • A man passing by the logo of Fortis bank in front of the Fortis headquarters in Brussels. BNP Paribas confirmed Sunday that it is taking control of ailing finance group Fortis's operations in Belgium and Luxembourg, in a deal which will make Belgium the largest shareholder in the French bank.(AFP/Dominique Faget)
    BNP Paribas takes control of Fortis in Belgium, Luxembourg Sun Oct 5, 7:48 PM ET

    BRUSSELS (AFP) - BNP Paribas announced Sunday that it is taking control of ailing finance group Fortis's operations in Belgium and Luxembourg, in a deal which will make Belgium the largest shareholder in the French bank.

  • Combination image shows logos for Wachovia bank (Top) and Citigroup. US banking giant Citigroup attempted Sunday to freeze out rival Wells Fargo from a takeover battle for troubled lender Wachovia after being blindsided last week in its bid to complete a tie-up.(AFP/File)
    Citi turns to court to win battle for Wachovia Sun Oct 5, 5:36 PM ET

    WASHINGTON (AFP) - US banking giant Citigroup attempted Sunday to freeze out rival Wells Fargo from a takeover battle for troubled lender Wachovia after being blindsided last week in its bid to complete a tie-up.

  • Chelsea's French striker Nicolas Anelka celebrates after scoring the second goal against Aston Villa during their premiership football match at home to Chelsea at Stamford Bridge stadium. Chelsea won 2-0.(AFP/Carl de Souza)
    Ruthless Chelsea brush aside Villa to stay top in Premier League football Sun Oct 5, 12:39 PM ET

    LONDON (AFP) - Nicolas Anelka ensured injury-ravaged Chelsea remain top of the Premier League as the France striker sealed his side's 2-0 win over Aston Villa on Sunday.

  • Liverpool's Dutch forward Dirk Kuyt celebrates after scoring the third and winning goal against Manchester City during their Premier league football match at The City of Manchester Stadium, in Manchester. Liverpool won 2-0.(AFP/Andrew Yates)
    Kuyt's last gasp winner caps Liverpool fightback against Manchester City Sun Oct 5, 12:49 PM ET

    MANCHESTER (AFP) - Dirk Kuyt scored an injury-time winner as Liverpool fought from 2-0 down to claim a dramatic 3-2 victory against ten-man Manchester City at Eastlands on Sunday.

  • Hollywood directing legend Steven Spielberg, pictured in May 2008, is leaving Paramount Pictures to form a new film venture, the company announced Sunday.(AFP/File/Gabriel Bouys)
    Spielberg to leave Paramount to form new venture Sun Oct 5, 5:51 PM ET

    LOS ANGELES (AFP) - Hollywood directing legend Steven Spielberg is leaving his longtime partner Paramount Pictures to form a new Hollywood-based film venture worth 1.5 billion dollars with India's Reliance ADA Group, Paramount announced Sunday.

  • French President Nicolas Sarkozy (C), flanked by German Chancellor Angela Merkel and British Prime Minister Gordon Brown (R), speaks following a meeting at the presidential Elysee Palace in Paris. The leaders of Britain, France, Germany and Italy vowed at a summit Saturday to help European banks and financial institutions in trouble but also to sanction the heads of failed banks, Sarkozy said.(AFP/Gerard Cerles)
    European leaders vow to fight financial storm Sat Oct 4, 4:32 PM ET

    PARIS (AFP) - The leaders of Europe's four main economic powers vowed Saturday to protect fragile banks from the global financial crisis but insisted on sanctions against the chiefs of failed banks.

  • A US army Blackhawk helicopter flies over Baghdad International Airport in 2007. Two US Blackhawk helicopters crashed in northern Baghdad's Sunni district of Adhamiyah late on Saturday, a US military spokesman said.(AFP/File/Patrick Baz)
    Two US Blackhawks crash in Baghdad: military Sat Oct 4, 5:06 PM ET

    BAGHDAD (AFP) - Two US Blackhawk helicopters crashed in northern Baghdad's Sunni district of Adhamiyah late on Saturday while approaching landing, a US military spokesman said.

  • Turkish soldiers patrol near the Turkey-Iraq border in September 2008. Turkey said Saturday the destruction of separatist Kurdish rebels would take precedence over all other concerns after 15 soldiers and 23 militants died in clashes sparked by a rebel attack near the Iraqi border.(AFP/File/Mustafa Ozer)
    Turkey vows to crush Kurdish rebels after 38 killed Sat Oct 4, 3:00 PM ET

    ANKARA (AFP) - Turkey said Saturday the destruction of separatist Kurdish rebels would take precedence over all other concerns after 15 soldiers and 23 militants died in clashes sparked by a rebel attack near the Iraqi border.

  • Republican presidential nominee, Arizona Senator John McCain, listens to a question during a town hall meeting on October 3, 2008 at Colorado State University in Pueblo, Colorado. Exactly one month before the US presidential vote, Democrat Barack Obama Saturday accused Republican rival McCain of scheming to deprive millions more Americans of life-saving health insurance.(AFP/File/Mandel Ngan)
    Obama savages McCain on health care with one month to go Sat Oct 4, 6:29 PM ET

    NEWPORT NEWS, Virginia (AFP) - Exactly one month before the presidential vote, Democrat Barack Obama Saturday accused Republican rival John McCain of scheming to deprive millions more Americans of life-saving health insurance.

  • The International Space Station as seen from the US space shuttle Discovery in June 2008. The orbital path of the International Space Station was successfully adjusted Saturday to accommodate the landing of the world's sixth space tourist in eight days time, Interfax reported citing Russian space programme officials.(AFP/NASA/File)
    International Space Station changes orbit awaiting tourist: report Sat Oct 4, 5:12 PM ET

    MOSCOW (AFP) - The orbital path of the International Space Station (ISS) was successfully adjusted Saturday to accommodate the landing of the world's sixth space tourist in eight days time, Interfax reported citing Russian space programme officials.

  • People walk past the Berlin branch of the German bank Hypo Real Estate in January 2008. German bank Hypo Real Estate (HRE) said Saturday that a planned 35-billion-euro (48-billion-dollar) rescue had fallen through after the banking consortium involved pulled out of the deal.(AFP/File/John Macdougall)
    German bank announces collapse of 35 billion euro rescue Sat Oct 4, 4:00 PM ET

    BERLIN (AFP) - German bank Hypo Real Estate (HRE) said Saturday that a planned 35-billion-euro (48-billion-dollar) rescue had fallen through after the banking consortium involved pulled out of the deal.

  • The logo of Deutsche Telekom. Europe's leading telecommunications company, Deutsche Telekom, admitted Saturday that it has lost confidential data belonging to 17 million T-mobile clients.(AFP/DDP/File/Henning Kaiser)
    T-Mobile admits losing data for 17 million customers: statement Sat Oct 4, 4:04 PM ET

    BERLIN (AFP) - Europe's leading telecommunications company, Deutsche Telekom, admitted Saturday that it has lost confidential data belonging to 17 million T-mobile clients.

  • Former champion Nadia Petrova, seen here in action in September 2008, is the first player into the final of Stuttgart's WTA event after a semi-final win in straight sets over Belarussian teenager Victoria Azarenka on Saturday.(AFP/File/Toru Yamanaka)
    Scream queen Jankovic beats pain barrier and Venus to reach WTA final Sat Oct 4, 3:40 PM ET

    STUTTGART, Germany (AFP) - Jelena Jankovic needed two pain-killing injections and nearly three hours to beat Venus Williams as Saturday's semi-final of Stuttgart's WTA event turned into a battle royal.

  • Arsenal's midfielder Cesc Fabregas celebrates after heading a last minute goal during their Premier league football match against Sunderland at The Sadium Of Light in Sunderland. Fabregas claimed a vital injury-time equaliser as Arsenal escaped with a point from a dramatic 1-1 draw at Sunderland on Saturday.(AFP/Andrew Yates)
    Man Utd keep up pressure as Gunners struggle in Premier League Sat Oct 4, 4:20 PM ET

    LONDON (AFP) - Manchester United maintained the pressure on English Premier League leaders Chelsea and Liverpool on Saturday as Arsenal avoided another embarrassing defeat.