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World Economy

  • Emerging economies risk “leading the world economy into a slump,” with lower growth and a rout in financial markets, the Financial Times reports.

  • Dilma Rousseff, president of Brazil

    Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10%, reducing the size of her cabinet and slashing thousands of jobs, the NYT reports.

  • U.S. President Barack Obama warned Russia on Friday that its bombing campaign against Syrian rebels would suck Moscow into a "quagmire."