DUBAI - Supermarkets and traders in Dubai say food prices have dropped significantly because of the global economic downturn and falling oil prices.

NEW YORK - The slumping U.S. housing, factory and service sectors produced more misery for the world’s largest economy in the last two months of 2008, as the year-old recession looked set to wear on into 2009.

DUBAI — AC Milan emerged victorious in the Dubai Football Challenge defeating Hamburg SV 4-3 after a penalty shoot-out at ‘The Sevens’ Stadium on Al Ain Road on Tuesday night. The Bundesliga giants had won this title for two consecutive years but conceded it to the Italians in a thrilling clash to the delight of the large crowd that cheered AC Milan.