11th August 2011
From the New York Times, It feels eerily familiar: Stocks are plummeting. The economy is slowing. Politicians are scrambling to find solutions but are mired in disagreement. Many Americans are wondering whether they are in for a repeat of the financial crisis of 2008.
The Guardian are reporting, the riots that have struck parts of Britain could knock Britain's economic recovery off course and force many small companies into bankruptcy, Labour MP Chuka Umunna warned on Wednesday.
From Reuters, world stocks edged up on Thursday from this week's 11-month low as higher U.S. stock futures calmed frayed investor nerves after a steep selloff, and the euro also rose.
The stock market wobbles and gold has breached $1,800 for the first time as sickening lurches across many risk assets continue to polish the lustre of the precious metal, from the Financial Times.
In the Telegraph, the fate of the world is now in the hands of Chinese and German policymakers.
Government borrowing costs tumbled to a record low last night as Britain benefited from its new found ‘safe-haven' status despite fears over the subdued recovery, says This is Money.