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DateLine Tuesday, 14 October 2008

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International Monetary Fund Managing Director Dominique Strauss-Kahn, right, stands after a briefing for reporters at IMF headquarters on efforts to heal the economy, in Washington, yesterday. He is joined by World Bank Group President Robert B. Zoellick, left, and Mexico’s Secretary of Finance Augustin Carstens, center. AP


Developing countries could suffer serious consequences of financial crisis: World Bank, IMF

US: The World Bank and the International Monetary Fund (IMF) warned on Sunday that developing countries could suffer serious consequences of financial crisis.

 

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British Government faces 42-day detention vote

UN: Britain’s upper house of parliament will vote on Monday on the government’s plans to allow police to detain terrorism suspects for up to six weeks without charge.

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South Korea may reward North for nuclear deal

SOUTH KOREA: South Korea may reward North Korea for reaching a compromise to save a crumbling nuclear disarmament deal by sending a delayed shipment of steel aid to its destitute neighbour, a government official indicated on Monday.

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