The UN has requested its largest ever annual aid appeal, saying it will need $7bn to help 30 million people in 31 countries during 2009. The amount is nearly twice more than the 2008 appeal.

We, the Leaders of the Group of Twenty, held an initial meeting in Washington on November 15, 2008, amid serious challenges to the world economy and financial markets. We are determined to enhance our cooperation and work together to restore global growth and achieve needed reforms in the worlds financial systems.

Wal-Mart’s stronger results come as other retailers have seen their sales and profits fall as a global financial meltdown and rising unemployment prompt shoppers to severely curb spending.

Sales have outpaced competitors this year as cautious consumers adopt a thrifty attitude and try to stretch their budgets by shopping at Wal-Mart.

These figures indicate that Germany is in its worst recession for at least 12 years as the global financial problems curb exports and spending. The fall in economic output, driven by falls in exports, was greater than many analysts had expected.

Nicaragua Nov 10th 2008- At least two people have been killed and six others injured in Nicaragua due to post-election violence

Official sources informed the investigation De la Guardia is now subject to is related to the detention of SIEDO officials who were proven to receive payments that went from 150 thousand USD to 450 thousand USD per month in exchange for information. These corrupt officials prevented the arrest of numerous members of the Sinaloa cartel, one of the largest and most dangerous drug traffic cartels in Mexico; as well as the confiscation of illegal weapons and cocaine loads.

Oil dropped nearly 7 percent on Thursday on expectations that demand would slow further after the International Monetary Fund predicted developed economies would deliver their worst performance since World War II. Oil prices have dropped from record highs above $147 a barrel in July as the growing global economic crisis damps demand in developed economies.

The US government said weekly jobless claims fell but were still showing labour market strains a day before the October jobs payroll report. This is likely to underscore the economic challenges before President-elect Barack Obama.

The Spanish interior ministry has informed that Omar bin Laden, one of Osama bin Laden’s 19 children, has asked for political asylum in Spain.

Juan Camilo Mourino, Mexican Interior Minister, died in a plane crash that occurred during rush hour in Mexico City.