BBC News

Stocks Slashed as Panic Hits Stocks Slashed as Panic Hits- Global stock markets edged back up from record lows hit during Friday, though losses for the week remain disastrous. US Offers Airlines $15bn Aid US Offers Airlines $15bn Aid- The US agrees $15bn rescue package for the airline industry which is suffering a sharp decline in trade since the terror attacks. UK Airlines 'Will Continue Flying' UK Airlines 'Will Continue Flying'- The government reaches a compromise with insurers to allow British airlines to keep flying despite a massive hike in war cover premiums. Top US Policymakers Say 'Wait' Top US Policymakers Say 'Wait'- Eager to do something, US lawmakers are instead told to sit tight while economic analysts figure out what lies in wait for the economy. Pakistan Investors Prepare for Trouble Pakistan Investors Prepare for Trouble- Multinationals take precautions to protect their operations in Pakistan and the Middle East as the prospect of military conflict increases. UK Shares Hit Four-Year Low UK Shares Hit Four-Year Low- The FTSE falls heavily amid increased investor concern over the outlook for airlines and the extent of any US retaliation for last week's terrorist at… US Slump Could be 'Steep but Short' US Slump Could be 'Steep but Short'- Economists think the US economy could bounce back quickly from the effects of the attacks, but the rest of the world may not. Greenspan Assesses the Damage Greenspan Assesses the Damage- The chairman of the Fed says calm is returning to financial markets, but no one can tell the full effects of the terrorist attacks. Terrorist Toll on the UK Economy Terrorist Toll on the UK Economy- As America reels from the attacks on New York, the UK economy starts to fear the impact on business and consumers. EU Considers Aid for Airlines EU Considers Aid for Airlines- EU finance ministers will consider relaxing tough rules on state aid to airlines, as the industry suffers following the attacks on the US. Shares Tumble Again Shares Tumble Again- Leading share indexes on both sides of the Atlantic have closed at new lows, due to growing economic and military fears. What Now for British Airways? What Now for British Airways?- Around the world, airlines are cutting jobs, mothballing planes and issue profit warnings, so can BA escape the storm, asks the BBC. Holes in US Airport Security Holes in US Airport Security- A BBC News Online reader says new security controls at US airports are failing to pick up potentially dangerous objects. Includes user submitted expe… Insurance Cost Estimates Doubled Insurance Cost Estimates Doubled- The world's two largest reinsurers, Munich Re and Swiss Re, double their cost estimates of the attacks on the US. Profile: British Airways Profile: British Airways- British Airways battles to pull itself out of a slump as management troubles in the past give way to an economic slowdown. Airbus Freezes Expansion Plans Airbus Freezes Expansion Plans- European defence giant EADS has postponed production expansion plans at Airbus due to the poor outlook for the airline sector. British Airways Cuts 7,000 jobs British Airways Cuts 7,000 jobs- British Airways axes a further 5,200 jobs on top of the 1,800 announced before last week's terror attacks in the US. US Airlines Lose 40,000 More Jobs US Airlines Lose 40,000 More Jobs- American Airlines and United Airlines announced lay-offs for 40,000 employees as the US aviation crisis deepened with declining air traffic. Attacks Scuttle Business Deals Attacks Scuttle Business Deals- The chaos created by the attack on the World Trade Center has tabled some high-profile business deals in the US. Following the Money Following the Money- Governments around the world are trying to track the money used in the attacks on the US. But the task could prove long, complex and difficult, reports the BB… Fears Grow for US Economy Fears Grow for US Economy- The US economy was 'sluggish' even before the attacks in New York and Washington, the Federal Reserve warns. Airlines Face 'Economic Abyss' Airlines Face 'Economic Abyss'- US lawmakers urge the government to take swift action to support airlines amid fresh indications the industry is fast running out of money. Turmoil Threatens Superjumbo Orders Turmoil Threatens Superjumbo Orders- Airbus could lose orders for its flagship A380 aircraft, as the turmoil in aviation prompts struggling carriers to cut costs. Unions Plead for UK Airline Aid Unions Plead for UK Airline Aid- Unions are to meet the UK government to ask for state help in staving off redundancies in the troubled aviation industry. US Exports Slump US Exports Slump- US exports in July took their biggest dive in a decade, hinting that the country's economy was slowing sharply well before last week's attacks. Pakistan Exchanges Stay Closed Pakistan Exchanges Stay Closed- Pakistan's stock markets, closed amid fears of the implications of US reprisals for terrorist attacks, are to re-open on Monday. Go Launches New Services Go Launches New Services- The lost-cost carrier expands its route portfolio, indicating the differing fortunes of budget airlines and the struggling aviation giants. Q&A: The Outlook for Europe's Airlines Q&A: The Outlook for Europe's Airlines- European airlines are fighting for financial aid in a bid to survive an economic slowdown and the fall-out from the recent attacks on the U… Investors Seek Safe Havens Investors Seek Safe Havens- Many private investors were already having a torrid time, and then America was attacked, creating further turbulence in the markets, reports the BBC. Tokyo Markets Set for Cautious Opening Tokyo Markets Set for Cautious Opening- Shares are expected to open lower in Tokyo, following a late downturn on Wall Street, where prices stabilised after Monday's turmoil, repor…