Russians have begun to feel the chill of the financial crisis, as it triggers layoffs and wage-payment delays reminiscent of the economic collapse in the 1990s.
![[Barclays]](http://s.wsj.net/public/resources/images/MI-AT621_BARCLA_A_20081120174519.jpg)
Barclays has 72 hours to close one of the toughest deals he has ever faced: persuading rebellious shareholders to approve funding the bank badly needs.
Airbus said it benefited from a recent strike by Boeing factory workers by getting aircraft suppliers to work harder for the European plane maker.
![[EU farm]](http://s.wsj.net/public/resources/images/NA-AU145_EUFARM_A_20081120203945.jpg)
The EU will double the portion of farm subsidies it steers away from farms to other rural businesses, after France abandoned a fight to boost subsidies.
Car makers world-wide are paring workers and trimming production, as demand in the U.S. continues to slide.
Switzerland's central bank cut its key rate by a percentage point, adding pressure on the ECB to accelerate the pace of its own rate cuts.
The international aid package to Iceland could double to over $10 billion, with the new loans intended to free up cash so Iceland can repay foreign bank depositors.
Latvia said it is looking to start talks with the IMF and has formally entered negotiations with the European Commission on emergency financial assistance.
Maersk will divert some of its vessels around the Cape of Good Hope amid the rise in piracy in the Gulf of Aden.
![[Rolls Royce photo]](http://s.wsj.net/public/resources/images/OB-CS030_rolls1_A_20081120133714.jpg)
Rolls-Royce will cut 1,500 to 2,000 jobs world-wide in 2009 in response to the economic slowdown and delays in aircraft programs.
Putin said Russia would come out stronger from the global financial crisis as he was addressing a meeting of the main pro-Kremlin United Russia party.
News from The Wall Street Journal and Dow Jones Newswires
![[Walt Disney]](http://s.wsj.net/public/resources/images/EW-AF878_toppic_C_20081120151708.jpg)
A major new multimedia exhibition at the Kunsthalle der Hypo-Kulturstiftung features "Walt Disney's Wonderful World and its Roots in European Art."
Official figures show U.K. retail sales beat analysts' expectations again in October, but retailers, economists and policy makers don't seem so sure.
In the U.K., talk of deflation as an inevitable consequence of the current economic crisis looks overblown -- particularly when most of the deflationary chatter is coming from government.
![[Michael Glos]](http://s.wsj.net/public/resources/images/OB-CS102_glos_C_20081120230405.jpg)
Germany's economy minister recently lent his voice to calls for a European economic stimulus package. But Berlin isn't keen to step up to the plate to pay for it.
—A Moscow-based advertising executive who said she hadn't been paid her salary since September“I keep going to work because I don't want to lose all the money I've earned. I'm hoping I might get paid before the New Year.”
| * at close Source: Dow Jones, Reuters | |||
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