INTERNATIONAL PAPERS, Tues. 09/08/11. Unrest in the UK grabs the front pages of many international papers. The British press is trying to understand how a peaceful demonstration could turn so violent. The Met is drawing a lot of fire for letting the riots get out of hand. Meanwhile, Le Figaro explores what Saudi Arabia’s decision to turn its back on Syria means for the region.
FRENCH PAPERS, Tues. 09/08/11. The stock market crisis continues to grab the headlines of French papers. Le Figaro criticizes those who blame the markets and ratings agencies, while Rue 89 says they have no conscience and are only preoccupied with making money. Meanwhile, many papers wonder if the London riots will escalate like the riots in France did in 2005
On September 15, 2008, Lehman Brothers went bankrupt, victims of the subprime crisis and excessive risk-taking. Exactly one year after the scandal, former employees reflect on the fall and its consequences.
European shares kept up the previous session's downard trend as London, Frankfurt and Paris each shed around 1% in morning trade. Earlier, Asian stocks closed down more than 5%, dragged down by news of a recession in the US.
Asian equities slid on Tuesday after signs of a deepening global economic slump slammed stocks worldwide the previous day, driving benchmark US Treasury yields to their lowest since the 1950s.
It's been another wild week on world financial markets. Raphaël Kahane asked Joseph Conway, CEO of IAMGold Corporation, a gold mining and exploration company, whether investors should seek shelter in safe havens such as gold assets.
Following the fourth European meeting in a week, this time with all the eurozone states, the markets are finally seeing a resurgence. Is this trend likely to last?
In China, years of staggering growth have pushed around 100 million small investors to play about with the market. Yet, as the financial crisis kicks in, these non-professionals are left to grapple with a situation they are not trained to face.
