Portal:Current events/2008 October 7
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Current events of
October 7, 2008
(
2008-10-07
)
(Tuesday)
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history
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Portugal
recognizes
Kosovo
.
(BalkanInsight)
War on Terrorism
in Afghanistan
:
In talks brokered by
Saudi Arabia
, the
Taliban
renounces its ties to
al-Qaeda
and sues for peace with
Afghanistan
.
(CNN)
Nobel Prize
:
The 2008
Nobel Prize in Physics
is awarded
Yoichiro Nambu
for the discovery of the mechanism of
spontaneous broken symmetry
in
subatomic
physics, and
Makoto Kobayashi
and
Toshihide Maskawa
for the discovery of the origin of the broken symmetry which predicts the existence of at least three families of
quarks
in nature.
(Wall Street Journal)
(Nobel Foundation)
2008 Thai political crisis
: The
anti-government
protester group were injured as police attacked barricades outside Thailand's parliament in Bangkok injuring over 400 people, 2 found dead.
(BBC News)
(Reuters)
Subprime mortgage crisis
:
Russia
agrees to provide
Iceland
with emergency loans of 4 billion
euros
($5.4 billion).
(Reuters)
Iceland
's
Financial Supervisory Authority
takes control of troubled
Landsbanki Bank
.
(MarketWatch)
The
Reserve Bank of Australia
reduces
interest rates
by 100 basis points to 6.0 per cent to combat the effect of the
subprime mortgage crisis
.
(
Financial Times
)
The
United States Federal Reserve
announces plans to buy billions of dollars of short-term
commercial paper
to restore
liquidity
to the
money market
.
(
Los Angeles Times
)
The
Chairman of the Federal Reserve
Ben Bernanke
warns that the crisis will weaken the
United States economy
well into 2009 and expressed a willingness to cut
interest rates
.
(CNN Money)
The
Dow Jones Industrial Average
falls by 500 points following Bernanke's comments.
(
New York Times
)
2008 Russian financial crisis
:
President
Dmitry Medvedev
announces an extra 950 billion roubles ($36.4 billion) of new emergency credit for banks at a
Kremlin
meeting.
(Reuters)
A
Hungarian
plane is
forced to land
in
Iran
, countering earlier reports of a US military jet being forced to land for violating Iranian
airspace
.
(BBC News)
A bus carrying farm workers returning from Houtkop Farm plunges off a bridge on the outskirts of
Piet Retief
,
Mpumalanga
,
South Africa
, killing at least 31 and injuring 29.
Condolences conveyed after Mpumalanga horror crash (SABC News)
30 die, including two kids, as bus plunges off bridge (Sowetan)
Category
:
2008 by day
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