Rescue teams combing through the rubble of Wednesday’s earthquake on the Indonesian island of Sumatra were having little success finding survivors on Sunday as they pushed into remote areas.
Even as an international aid effort was gaining momentum in quake-hit Indonesia, the UN and the Red Cross estimated that up to 4,000 people are still trapped under the rubble of Wednesday’s quake.
As rescue workers struggled to reach people trapped in the rubble of Wednesday’s quake, Indonesia’s health minister appealed for foreign aid on Friday as the death toll surpassed 1,000, according to UN estimates.
In its first rescue of the current financial crisis, Spain’s central bank took over the Caja de Ahorros Castilla La Mancha (CCM) and prepared to inject emergency cash to bolster the struggling savings bank’s liquidity.
The Airbus A-310, equipped with full medical facilities, was transporting 29 French nationals, 19 Italians, 17 Spaniards and five Germans, among others. It landed at Paris' Charles de Gaulle airport on Saturday afternoon.
EU members have agreed to let their public deficit go over the normal 3% threshold in order to "spend our way out of the crisis." Is this break with ordinary practice the wisest move?
Europe unveils today its economic rescue plan. It will allow countries to have a bigger public deficit than was authorized by the 1997 Stability and Growth Pact.
Eurozone countries, the UK and the US are each contemplating stimulus plans in the face of recession. Britain, the first to unveil its package, would like to think it can provide a model for all. But who's got the best plan?
Following a series of European meetings over the weekend to agree a rescue package, the markets have surged. But who will now foot the bill for this expensive but necessary plan to boost the economy?
