The moment the world turned to junk: Global markets plummeted in 2008 after Lehman Brothers went bust even though it had top credit rating. Reuters/John Gress
Traders react in the S&P pit of the Chicago Mercantile Exchange at the moment the world turned to junk: Global markets plummeted in 2008 after Lehman Brothers went bust even though it had top credit rating. Photo: Reuters / John Gress
Russia has cut the flow of gas via the Nord Stream 1 pipeline to 40% of capacity, prompting a warning of a “Lehman Moment” in Europe’s energy market – a reference to the September 2008 bankruptcy that triggered a global financial crisis. Russia’s June 22 action came two days after Lithuania blocked rail deliveries of […]