The world's financial traders came back to work on Monday this week to give their verdict on American and European efforts to stabilise their banks over the weekend, and the verdict was: panic. Mass selling led to dramatic falls around the world. Jill Treanor, the Guardian's banking correspondent, wonders how bad it will get.
Iceland had emerged as a major player in the global markets, having invested and speculated heavily around the world. Now the country finds itself on the brink of economic collapse. Tracy McVeigh, who has just visited the Nordic nation, explains how it got itself into such a fix.
By Friday, Russian troops are expected to pull out of the so-called buffer zones they carved out of Georgia after the brief and bloody battle in August. But is there really any sign they are going to leave by the end of the week? Moscow correspondent Luke Harding has just returned from the area.
Dubai's reaction to the credit crunch is to continue building the world's tallest skyscraper. The emirate also has plans for another one that is even bigger and more expensive. Middle East editor Ian Black is there now, and has been looking at plans.
