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Asia
prepares, keeps $80b in kitty
Beijing, October 24
Asian nations today
recommitted themselves to establishing an $80 billion
emergency fund, as leaders from across Asia and Europe
gathered in Beijing to discuss the global financial meltdown.
The pledge by South Korea, China, Japan and the 10-country
Association of Southeast Asian Nations was reached at a
breakfast meeting, according to the office of South Korean
President Lee Myung-bak, who attended the meeting.
Banks
suffered modest losses, system stable: RBI
2.7
million Chinese workers may lose jobs
Dongguan (China), October
24
At least 2.7 million
factory workers in southern China could lose their jobs as the
global economic crisis hits the demand for electronics, toys
and clothes, according to industry estimates.
After
Sonia, Maya takes on Rahul, cancels his meeting with students
Uttar Pradesh
Chief Minister Mayawati’s hostility with the Congress
resurfaced today when Amethi MP Rahul Gandhi’s scheduled
interaction with students of Chandra Shekhar Azad Agricultural
University here was cancelled reportedly at her government’s
behest at the eleventh hour. Describing the state
government’s decision as “vindictive”, Gandhi said: “I
cannot understand why the state government is vindictive
towards us.”
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