In the US, recession started in December 2007, and will last at least until December 2009 - the longest and deepest US recession since World War II, with the cumulative fall in GDP possibly exceeding 5 per cent. The recession in other advanced economies (the euro zone, United Kingdom, European Union, Canada, Japan, Australia, and New Zealand) started in the second quarter of 2008, before the financial turmoil in September and October further aggravated the credit crunch.
The Indian men suffered another humiliating defeat to a lowly ranked Canada by a 1.5-2.5 margin.
Surya Shekhar Ganguly and P Harikrishna scored victories to help India post a resounding 3-1 victory over Germany.
The wisdom of capping FII access to local debt, restriction on ECBs, etcetera is now apparent.
Gunning for the silver medal are Russia and United States who have 25.5 points each.
French sporting pride took another hammering when Scotland won 1-0 in Paris on Wednesday to leave France's Euro 2008 qualifying hopes in the balance.
The Czechs are determined to give Karel Poborsky the perfect retirement gift -- a Euro 2004 winners' medal to go with his 100th international cap.
Euro 2004 has been a tournament of teamwork, humility and bravery as the smaller nations have shown that size doesn't matter in football.
The disciplinary situation at Euro 2004 after Friday's quarter-final between France and Greece.
The Netherlands will have to come up with something exceptional to beat the great all-rounders of Euro 2004.
In Group D, they are capable of beating Dutch, three-times winners Germany and rank outsiders Latvia.
Greece together with France, Germany and Romania all moved closer to a place in next year's European Championship finals.
World Cup holders Italy and European champions Greece got back on track in Euro 2008 qualifying on Wednesday, but England laboured to beat Andorra and Sweden suffered an upset in Northern Ireland.
European champions France welcomed the draw for next year's finals and are looking forward to opening the defence of their title against England.
Rafael Nadal has withdrawn from the Paris Masters ahead of the tournament's start on Monday for "personal reasons", the French Tennis Federation announced on Friday.
Grandmaster Gabriel Sargissian of Armenia won the Abu Dhabi Chess festival, finishing half a point ahead of four rivals.\n
It was a day of surprises at Flushing Meadows in New York as seeded players were knocked out one after the other on Friday.
Three-times champion Rafael Nadal pummelled fellow Spaniard Fernando Verdasco into a 6-1, 6-0, 6-2 submission to reach the quarter-finals of the French Open on Sunday.
If the effort of bidding and conducting Olympics is to showcase China's rise to the world, popular indictments at the global and Tibetan levels have unnerved Beijing. For so long Tibet is considered to be the minimalist foreign policy position for China, while the Olympics indicated its bidding for global legitimacy for its policies.
Indian eves came up with yet another emphatic performance in the 10th round of the women's section of the 36th Chess Olympiad.
Indian eves cruised to an emphatic 2-1 victory over eighth seeds France in the eighth round of the 36th Chess Olympiad.
The Indian eves survived some anxious moments before salvaging draws in all the three games against Poland in the fifth round of the 36th Chess Olympiad.
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