On October 20, 2008, the Korean government implemented a large-scale financial rescue plan. On October 20, 2008, the Dutch government injected large-scale capital into ING. On October 20, 2008, Latin American central banks will join forces to deal with the financial crisis. October 2008

On the 17th, Germany passed a 500 billion euro rescue plan. On October 17, 2008, Citigroup lost its position as the largest bank in the United States. On October 15, 2008, "Black Wednesday" reappeared in the U.S. stock market. On October 14, 2008, the United States announced the first round of rescue plan.

Details October 13, 2008, the UK injected 37 billion pounds into banks October 12, 2008 Eurozone countries passed a large-scale rescue plan October 10, 2008, the Spanish government approved the establishment of a 30 billion euro fund 2008

On October 9, the Icelandic Government’s Financial Supervision Commission announced that it would take over the country’s largest commercial bank, Kaupthing. On October 8, 2008, Sweden announced that it would provide assistance to Kaupthing’s branch in Sweden. On October 7, 2008, the Icelandic government announced that it would take over Kaupthing, which was in financial difficulties.

Landsbanki, the second largest local bank. On October 7, 2008, the Dow Jones index fell below 10,000 points for the first time in four years. This was the first time since October 2004 that the index fell below the 10,000-point mark. On October 4, 2008,

Bush signs a large-scale financial rescue package US President Bush signed a financial rescue package totaling US$700 billion.

U.S. Treasury Secretary Paulson said on the same day that the plan would be implemented as soon as possible.

On October 3, 2008, Wells Fargo Bank snapped up Wachovia Bank from Citigroup. On the 3rd, Wells Fargo Bank announced that it would acquire Wachovia Bank for a total price of US$15.1 billion. In response to the financial crisis, there were massive layoffs around the world, and IT companies moved to emerging markets.

(IT company layoff data) According to the latest statistics, the "layoff" movement has been fierce and violent in the past month or so.

Since mid-September, US IT companies alone have announced a total of 19,683 job cuts, and this does not include the 246,000 jobs that will be cut after HP merges with IT outsourcing service provider EDS.

But among all layoffs, five large companies accounted for 90%.

Vietnam's financial crisis has repeated the same mistakes as 11 years ago: inflation as high as 25.2%, expanding trade and fiscal deficits, and excessive foreign debt. The country's monetary system is exposed to huge risks.

Xinhuanet, New York, October 24 (Xinhua) -- International oil prices fell sharply by more than 7% after opening on the 24th as investors' panic over a possible global economic recession offset the impact of news of production cuts by the Organization of the Petroleum Exporting Countries (OPEC).

On October 17, Mervyn's, a California-based department store chain that had filed for bankruptcy protection, announced that it would close all remaining 149 stores by the end of the year, and its stores would begin clearance sales.