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Markets hit new lows on global job losses (Reuters)
[14 mins][Washington, DC]
Shoppers pass a window display at the high-end luxury goods maker Henri Bendel along 5th Avenue in New York, November 19, 2008. (Mike Segar/Reuters)Reuters - Fears of a deep, long global recession intensified on Thursday as markets hit new lows in alarm at reports of record U.S. job losses, oil prices plunging below $50 a barrel and worry that U.S. automakers would not get a bailout from Washington.
Governments scramble to protect jobs as losses mount (AFP)
[30 mins]
US auto giant executives wait to testify before the House Finincial Services Committee on Capitol Hill in Washington, DC. Governments scrambled to cushion the impact of the financial crisis with France launching a 20-billion-euro sovereign wealth fund and China unveiling a jobs protection plan as the car industry made huge new cuts.(AFP/Tim Sloan)AFP - Governments scrambled to cushion the impact of the financial crisis Thursday with France launching a 20-billion-euro sovereign wealth fund and China unveiling a jobs protection plan as the car industry made huge new cuts.

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