LONDON (AFP) - BT, seeking to slash costs in the face of Britain's worst recession in years, is offering employees a year at home in return for a 75-percent pay cut, the telecoms operator said Saturday.
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BT offers staff a year at home for pay cutPosted by UK Economy News
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4Jul 09 Sri Lanka’s need for IMF wanes: Central BankPosted by UK Economy News
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4Jul 09 COLOMBO (AFP) - Sri Lanka's central bank chief said that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels.
Read full story China fund to buy $1.5 bln stake in Canadian minerPosted by UK Economy News
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4Jul 09 BEIJING (AFP) - China's sovereign wealth fund said it would buy 1.5 billion dollars worth of shares of the Canadian mining company Teck Resources Ltd.
Read full story Tesco lasts shr options protestPosted by UK Economy News
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4Jul 09 GLASGOW (Reuters) - Tesco, Britain's largest retailer, narrowly survived a big investor protest over changes to its management share option plan and more comfortably saw off complaints it should do more to help migrant workers.
Read full story Stanford victims file class action suit against insurersPosted by UK Economy News
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3Jul 09 WASHINGTON (AFP) - Two US legal firms announced Friday that they have filed a class action suit against a London-based insurer on behalf of the Mexican victims of fraudulent financier Allen Stanford.
Read full story Latin America poised for quick exit from crisis: IADBPosted by UK Economy News
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3Jul 09 VINA DEL MAR, Chile (AFP) - Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here on Friday.
Read full story Lula to call for solidarity with poor nations at G8Posted by UK Economy News
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3Jul 09 BRASILIA (AFP) - Brazilian President Luiz Inacio Lula da Silva will call on wealthy nations to moderate their demands on poor countries during next week's G8 summit in Italy, a presidential spokesman said Friday.
Read full story Volkswagen plans electric car in 2013: headPosted by UK Economy News
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3Jul 09 BERLIN (AFP) - German auto maker Volkswagen hopes to turn out its first all-electric car in 2013, VW head Martin Winterkorn said Friday.
Read full story German lawmakers approve ‘bad bank’ schemePosted by UK Economy News
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3Jul 09 FRANKFURT (AFP) - The German lower house of parliament approved on Friday a bill that provides for the creation of "bad banks" to help commercial and state-owned banks recover from the financial crisis.
Read full story Key Nabucco gas pipeline deal to be signed July 13Posted by UK Economy News
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3Jul 09 SOFIA, July 3, 2009 (AFP) - EU nations and Turkey said Friday they will sign a key intergovernmental agreement in Ankara on July 13 on Europe's flagship Nabucco gas pipeline project, but key issues still need to be resolved.
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