Russia agrees troops pullout from Georgia heartland
On Monday Russian President Dmitry Medvedev ordered Russian troops out of the core of Georgia. Troops will remain in South Ossetia and Abkhazia as Medvedev hosted EU acting President Nicolas Sarkozy.
U.K. House Prices to Reduce by 25%
Graham Beale, the chief executive of the Nationwide Building Society thinks house prices in the U.K. could fall as much as 25% from their peak, pushing 2.5 million homeowners into negative equity. He does not expect to see signs of recovery in the housing market until 2010.
LSE Breaks Down in Biggest Failure in Eight Years
The London Stock Exchange was offline for most of the day, resuming trading only at the end of the day. Meanwhile, European shares rallied while the pound continued to lose to the dollar.
Ike Threatens the Gulf Coast
Residents of Florida and the Gulf Coast brace themselves as Ike picks up intensity after battering Cuba.
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