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Market crash shakes world

US stock prices suffered their worst weekly loss in history on Friday, prompting a pledge from global policymakers to implement an aggressive but broad-brush plan to combat the financial crisis.

G7 ministers agree joint action

UK and Germany lead demands

Capital falls out of love with the City

Implications for taxpayer sink in

M Stanley shares plunge as downgrade looms

Speculation that MUFG deal will be recut

Germany draws up contingency plan

Dramatic U-turn for Europe’s largest economy

UK and Iceland clash on crisis

£800m of local authority money at risk

Finland’s Ahtisaari wins Nobel Peace Prize

Awarded for peace mediation work

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Global financial crisis

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The multimillionaire publisher and poet talks about his brush with death, how he fell in love with writing poems and why he’s hoarding huge quantities of gold

Outlook uncertain

High-end property in financial centres that are traditionally able to weather economic storms are finally reeling under the global credit crisis

VIDEO

John Authers

US Daily View: Global market crash

John Authers looks back at the week the financial crisis hit equities

View from the Markets: Tim Bond

Head of global asset allocation at Barclays Capital says the most intense period of banking crisis is over

Daily View: UK stock slide turns into a crash

Jamie Chisholm, deputy markets editor, on the triggers behind the fall and what traders expect next

Interactive

Bank Street

Bank Street

Take a walk down Bank Street and follow the fortunes of some of the world’s largest banks as they navigate the global financial crisis

Martin Wolf & Gillian Tett on Iceland

Martin Wolf

Podcast: Why did the Icelandic banks collapse and what happens next? Will the country default on its sovereign debt?

    Q&A: Turbulence hits the currency markets

    Monday: Hans Redeker at BNP Paribas answers readers’ questions on the financial crisis and its impact on currencies. Post a question now

    The state of the US economy

    The state of the US economy

    Interactive map: Which US states are suffering most in the crisis? A state-by-state look at GDP, unemployment and foreclosures

      Comment

      The real end of big bonuses?

      John Gapper

      There will now be two kinds of Wall Street employer: safe and decently paid or risky and highly paid, writes John Gapper

      Farewell London town. Hello...

      The UK capital’s fortunes may be sinking as fast as bank shares, but it can still – just about – hang on to its crown, writes Frederick Studemann

        The excesses of pragmatism

        Christopher Caldwell

        Sometimes people are forced to choose which they want more – democracy or prosperity. We are picking the latter, writes Christopher Caldwell

        The financial crisis marks out a new geopolitical order

        Philip Stephens

        Rich nations have yet to face up properly to the implications. They can imagine sharing power but on their terms, writes Philip Stephens

          Lex

          Editorial comment

          More haste, and much more speed

          Until G7 leaders resolve the banking crisis, anything else they do to revive their flagging economies will, at best, be palliative measures

          The unwinnable war in Afghanistan

          The US and Nato must rein in their air forces, and direct their troops to hold and expand secure territory while they help create a state, and divide the Taliban

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