With demand plunging, members of the oil cartel are struggling to maintain unity.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/12/01/business/worldbusiness/01opec.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/12/01/business/worldbusiness/01opec.html” border=”0″//a/span
President Hu Jintao warned that China could lose its competitive edge as trade growth slows amid the global financial crisis.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/12/01/business/worldbusiness/01china.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/12/01/business/worldbusiness/01china.html” border=”0″//a/span
Faced with plunging oil prices and shrinking revenues, OPEC suggested they might lower production for the third time this year.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/30/business/worldbusiness/30opec.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/30/business/worldbusiness/30opec.html” border=”0″//a/span
The terrorist siege is likely to threaten India’s already murky economic future and thwart plans to transform the city into a regional financial center, economists said.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/world/asia/29impact.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/world/asia/29impact.html” border=”0″//a/span
The European Central Bank is expected to make its largest-ever interest rate cut next week.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29euro.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29euro.html” border=”0″//a/span
Some in Britain fear that the government’s plan to borrow and spend to counter the current recession may lead to a run on the pound.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29pound.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29pound.html” border=”0″//a/span
The European Union accused drug companies of adding billions of dollars to health care costs by delaying or blocking the sale of less-expensive generic medicines.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29drugs.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29drugs.html” border=”0″//a/span
Compared to last year, the British pound has dropped substantially, with retailers hoping to lure American tourists while also enticing Britons to shop at home.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29shop.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29shop.html” border=”0″//a/span
The British government took control of Royal Bank of Scotland after investors shunned the bank’s share sale.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29rbs.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2008/11/29/business/worldbusiness/29rbs.html” border=”0″//a/span