U.S.: Financial crisis spread to emerging markets

Making his international debut at the Group of Seven meetings in Rome, new U.S. Treasury Secretary Timothy Geithner said swift and decisive action is needed on several levels to address the global financial crisis. “Although this crisis began in the major economies, it’s now spread to emerging markets around the world,” Geithner said

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G7 ministers focus on stabilizing world economy

Finance ministers from the world’s leading industrialized nations were holding their second and last day of meetings in Rome on Saturday with an agenda squarely focused on the world financial crisis. Italy is hosting the meeting of the Group of Seven in its role as G7 president for 2009. G7 members are the United States, Germany, Japan, France, Italy, Britain, and Canada.

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Italian Senate to weigh comatose woman’s fate

An emergency decree that could prevent doctors from finishing removing the feeding tube of a woman who has been comatose for 17 years was sent to the Italian Senate on Friday night for a vote. Parliament must act quickly because doctors began removing the feeding tube Friday morning, and Italian media quoted them as saying the procedure can be reversed only within the first 48 hours, in this case by Sunday morning.

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