Stocks tumbled on Wall Street and around the world and oil fell below $90 on Monday as the banking crisis expanded its grip on the world economy.

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As European stocks fell sharply, leaders scrambled to prevent the growing credit crisis from bringing down major banks and alarming savers.

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In a complaint filed in New York Supreme Court, Citigroup seeks a total of $60 billion in damages from Wachovia and Wells Fargo and their directors.

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CROATIAN police said a body recovered from a Dubrovnik cove is unlikely to be that of missing Australian backpacker Britt Lapthorne. Read more...

RESCUERS toiled today in a remote mountain village close to Kyrgyzstan's border with China searching for survivors of a powerful earthquake that killed at least 74 people, 41 of them children. Read more...

CRUDE oil prices slumped to eight month low points below 90 dollars a barrel today as worsening financial turmoil triggered fears about slowing demand for energy, traders said. Read more...

Stock markets plummet around the world as investors worry about the growing level of financial turmoil. Read more...

US Democratic hopeful Barack Obama attacks rival John McCain over a 1980s financial scandal, as campaign mudslinging intensifies. Read more...

About 25% of the world's mammal species are at risk of extinction, according to the first assessment of their plight for a decade. Read more...