Russia’s government has acknowledged for the first time that the economy is in crisis, undermining earlier attempts by officials to suggest weakening growth could weather sanctions over Ukraine.

Almost 100 years ago, many of our grandparents and great grandparents went to war, often never to return.

Japan’s key stock index today plummeted more than 11% – the biggest one-day loss in 21 years – as sobering reports on the US economy intensified recession fears.

Most trading on Russia’s stock markets was suspended today after the massive selloffs on Wall Street and Asian markets, Russian news agencies reported.

Russia’s main stock exchange announced it was to halt trading until Friday after opening with steep losses today.

President Dmitry Medvedev unveiled new measures today to prop up Russia’s shattered banking system, injecting billions of rubles to ease a liquidity shortage one day after the country’s stocks suffered their worst-ever day of trading.

Russia’s stock markets made early gains today after trading opened several hours late – a day after suffering steep plunges.

Shares fell around the world again today as one country battled for economic survival.

Irish share values have taken another battering on the Stock Exchange this morning, losing more than 5% in early trading on top of yesterday's 10% fall.

Trading was suspended on Moscow’s stock exchanges today – a day after they suffered their biggest-ever one-day losses.

The US Federal Reserve will provide as much as US$900bn (€667bn) in cash loans to squeezed banks in an effort to break through a dangerous credit clog that has unhinged financial markets around the globe.

Trading has been suspended on Russia's main stock markets for a second time.

RUSSIAN gas monopoly Gazprom said net profit doubled in the first half of 2006 as prices for gas in Europe and Russia rose and the firm sold bigger volumes.