Despite the European Central Bank’s intervention today, last week's losses in the Asian and European exchanges continued, prompted by worries that Europe's debt crisis will spread.
Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
Crude oil prices dropped more than $3 a barrel on Monday to about $83. The drop brings crude oil prices down more than $30 since May.
Japan players celebrate with the trophy after winning the final match between Japan and the United States at the Women’s Soccer World Cup in Frankfurt, Germany. The Japanese women's soccer team won their first World Cup Sunday after defeating USA in a penalty shoot-out.
European financial institutions lashed out at Moody's after the agency unexpectedly downgraded Portugal's government debt rating, adding new uncertainty about Europe's financial stability.
Jakob Arjouni's Turkish-German private eye Kemal Kayankaya walks the mean streets of Frankfurt with a flair worthy of Bogart.
Intelligent, omnivorous, and highly adaptable, the raccoon originated in North America and now is found in Europe, the Caucasus, and Japan. The mammal is known for its mask-like facial markings and dexterous hands, here holding a jar of pilfered peanut butter.
Germany aims to get visitors who arrive in the country by train to use a car sharing program that relies on electric cars to get to their final destination.
European milk farmers light flares during a demonstration outside the European Parliament in Brussels. Milk producers protested against lower selling prices of milk.
Kenya greeted Osama bin Laden's death as "justice." Other countries worry that America's battle against terrorism masks an attempt to expand military influence in Africa.