New eurozone rescue plan would write down 50 percent of Greece's public debt; Euro itself now under threat, say experts; Islamist militants ambush Filipino soldiers on island of Jolo; suspected suicide bomber attacks church in central Java; World Bank triples aid to Horn of Africa; French Left wins majority in Senate for first time in 50 years, threatening Sarkozy's re-election bid; and more
Read MoreHorn of Africa
World News Brief, Wednesday August 10
Dow Jones takes steepest dive since Dec 2008; gold now a record US$1770 an ounce; experts fear policymakers do not have the financial or political clout to combat a second global recession; Chinese inflation at 6.5 per cent; US wants talks with North Korea to decide how to search for US soldiers killed there during the Korean War; 16,000 police will be on London streets to combat riots, says Cameron; US pledges $105 million for famine relief in Horn of Africa; and more
Read MoreThis famine is man made
The disaster unfolding across the Horn of Africa is a man-made catastrophe that reflects decisions by developed countries about poverty, war and climate change
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