Around the World (November 11, 2008)

[Kamal_Farran]

***GLOBAL FINANCIAL CRISIS OF 2008***
American retail chain Circuit City files for protection from its creditors under Chapter 11 of the United States Bankruptcy Code.
http://www.marketwatch.com/news/story/Circuit-City-files-Chapter-11/story.aspx?guid=%7BD9CB8DE9%2D943F%2D4C3F%2DA007%2D24081B471F20%7D

Stocks gain worldwide after China announces a stimulus package involving US$586 billion to finance programs in 10 major domestic areas in the next two years.
http://www.cnn.com/2008/BUSINESS/11/10/world.markets/

Sweden's Financial Supervisory Authority announces that it is revoking the banking licence of the struggling Carnegie Investment Bank.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSSAT00585420081110

The United States government announced a second bailout of American International Group; the total value of the new plan, roughly US$150 billion, represents the largest government support package extended to a private company in US history.
http://www.marketwatch.com/news/story/US-government-dramatically-alters-terms/story.aspx?guid=%7B0C948F5A%2D7E81%2D4349%2DBE47%2D0A3C7253827F%7D


***OTHER NEWS***
An earthquake of magnitude 6.5 on Richter scale shakes western China's Qinghai province.
http://edition.cnn.com/2008/WORLD/asiapcf/11/09/china.earthquake/index.html?eref=edition_asia

India wins the Border-Gavaskar Trophy by defeating Australia 2-0 in the five-Test-match cricket series.
http://cricketnext.in.com/news/india-beat-oz-by-172-runs-win-series-20/35473-13.html?from=rssfeed

Italian Prime Minister Silvio Berlusconi repeats a comment that United States President-elect Barack Obama is "young, handsome and also tanned," refusing to apologize for remarks he insisted are "flattering".
http://www.moscowtimes.ru/article/1010/42/372225.htm

Reports surface that a United States nuclear weapon was lost somewhere in the ice after the January 21, 1968 crash of a B-52 Stratofortress outside Thule Air Base, Greenland.
http://news.bbc.co.uk/2/hi/europe/7720049.stm

Ryanair Flight 4102 is forced to make an emergency landing at Rome's Ciampino Airport after several birds were sucked into its engines as it prepared to land.
http://news.bbc.co.uk/1/hi/world/europe/7719716.stm