China and US spark global market correction - papers 28th Feb

It was all sparked yesterday by a fall in Shanghai of 9% by close of business and rippled across the globe, to se the Dow Jones closed down more than 400 points and the UK’s FTSE 100 index dropped 150 points or 2.3% There are now worries US and China are about to plunge into recession – on the back of pressure on the housing market and the rapid price of securitised loan packaging since the bankruptcy of several sub-prime lenders, as well as concerns the White House might be preparing air strikes against Iran's nuclear capability. The Scotsman adds part of the concern is the South Afric...