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China, once expected to lead world growth, now worries about its economic future

Stocks were universally lower across Asian and Pacific markets on Friday, a day after the U.S. stock market plunged to a new five year low.

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BEIJING (Reuters) - China has stepped up scrutiny of milk production, tightening dairy controls and threatened to "out" offenders amid a widening health scandal, state media said on Friday.

Congressional leaders Harry Reid and Nancy Pelosi urged president Bush Thursday to call an emergency meeting with the G8 to address international financial instability.

CAIRO, Oct. 9 -- The oil-rich princes and financial titans of the Persian Gulf went into the week touting their immunity from the financial turmoil of the West, but stock markets in the region ended it posting sharp losses.

The Bush administration appears poised to provisionally remove North Korea from the State Department's list of state sponsors of terrorism, perhaps as soon as today, sources close to the administration said.

LONDON (Reuters) - European stocks tumbled at the open on Friday, tracking plunges in Asian and U.S. equities as investors feared world governments' attempts to unlock credit markets would not be enough to ward off a global recession.

WASHINGTON (Reuters) - Violence in Afghanistan will escalate in 2009 unless the united states and other countries move quickly to counter an intensifying Taliban insurgency with troops and assistance, the top U.S. military officer said on Thursday.