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Archive for November, 2007Transport strike cripples ItalyPosted by UK Economy News
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30Nov 07 Italy's largest transport strike in 25 years crippled the country Friday, with hundreds of flights cancelled and trains, buses, ferries, emergency services and even hearses out of action.
Read full story U.S. seen close to subprime aid planPosted by UK Economy News
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30Nov 07 The U.S. Treasury Department is finalizing a plan with mortgage industry leaders that will hold interest payments steady for many subprime borrowers facing higher rates and possible foreclosure.
Read full story Comments Off Google to bid alone for U.S. mobile airwavesPosted by UK Economy News
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30Nov 07 Google said on Friday that the company would bid on coveted airwaves to launch a U.S. wireless network, pitting it against established telecommunications players AT&T and Verizon.
Read full story Comments Off Tiffany raises full-year forecastPosted by UK Economy News
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30Nov 07 Jeweller Tiffany & Co reported a better-than-expected quarterly profit on Friday helped by stronger international sales, and raised its full-year profit forecast.
Read full story Comments Off WTO proposes elimination of most fishing subsidiesPosted by UK Economy News
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30Nov 07 The World Trade Organisation on Friday proposed the elimination of most subsidies for the fishing industry in a compromise package submitted to the global body's 151 members.
Read full story Comments Off EU agrees rules to clear up airline ticket pricesPosted by UK Economy News
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30Nov 07 The European Union agreed Friday new measures to make airline ticket costs more transparent by obliging companies to included all taxes and charges in the headline price first shown to consumers.
Read full story Comments Off Ailing Motorola’s CEO to step downPosted by UK Economy News
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30Nov 07 Motorola said Friday its chief executive Ed Zander was stepping down, prompting speculation the embattled US mobile phone giant is facing deepening financial woes amid stiff global competition.
Read full story Comments Off ENI to buy Burren Energy for 1.7 blnPosted by UK Economy News
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30Nov 07 Italy's Eni has agreed to buy oil explorer Burren Energy for 1.736 billion pounds, boosting the oil major's operations in the Republic of Congo and giving it a toehold in Turkmenistan, where a new leadership is warming to foreign investment.
Read full story Comments Off French unions decry sale of 3.0 percent state stake in EDFPosted by UK Economy News
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30Nov 07 Several French energy unions on Friday denounced a plan by President Nicolas Sarkozy for the state to sell three percent of its stake in electricity monopoly EDF to raise funds for higher education.
Read full story Comments Off US, EU aim to free up trade in ‘green’ goodsPosted by UK Economy News
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30Nov 07 Solar panels, wind turbines and other "green" goods and services should face fewer tariffs and other trade barriers, the United States and European Union proposed at the World Trade Organisation on Friday.
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