FTSE 100 closes down 5 percent
Stocks fall on banks and commodity shares over worries that an economic downturn will lower demand. Full Article
Chain reaction
Chemicals giant BASF suffers "massive" drop in demand from key industries. Full Article
Reuters Columns
Petrodollar drought a blow to banks
Banks and their unfortunate would-be borrowers, face a blow as plunging oil prices tighten the spigot of petrodollar deposits. Full Article
Shannon's abduction "part of mother's plan"
LONDON (Reuters) - The mother of Shannon Matthews said she had arranged for her co-accused to take her daughter as part of a plan to leave her partner, witnesses told her trial on Wednesday. Full Article
Qaeda scorns Obama and urges attacks
WASHINGTON (Reuters) - Al Qaeda's deputy leader accused Barack Obama of betraying his race and his father's Muslim heritage on Wednesday and urged more attacks, as the group tried to counter the incoming U.S. president's global popularity. Full Article | Video
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