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£250bn wiped off Footsie stocks Stock markets worldwide were gripped by fear as London's FTSE 100 Index endured its worst week since the Black Monday crash of 1987.

Follow our lead, Darling urges Chancellor Alistair Darling has warned that it was "essential" that the world's leading economies took action to stabilise financial markets.

Treasury in Iceland for bank talks Treasury officials are in Iceland for urgent talks after the collapse of the country's banking sector left councils and charities in Britain facing losses of up to £1 billion.

'Teenager admitted killing Rhys' The teenager accused of murdering Rhys Jones admitted to the killing just minutes after the schoolboy was shot, a court has heard.

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