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Archive for March 5th, 2008Yahoo moves to check Microsoft’s takeover gambitPosted by UK Economy News
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5Mar 08 Yahoo on Wednesday extended its deadline for nominating board members as the Internet giant maneuvered to thwart a hostile takeover by US software titan Microsoft.
Read full story Liechtenstein vulnerable to money-laundering: IMFPosted by UK Economy News
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5Mar 08 Liechtenstein remains vulnerable to money-laundering despite efforts by authorities to tighten regulations, International Monetary Fund and Council of Europe experts said Wednesday.
Read full story Comments Off European gas supplies assured as Russia, Ukraine end crisisPosted by UK Economy News
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5Mar 08 Russian energy monopoly Gazprom restored gas supplies to Ukraine on Wednesday, ending a three-day crisis between the two ex-Soviet neighbours that has put the European Union on alert.
Read full story Comments Off ExxonMobil to invest over 125 bln dlrs in new energy projectsPosted by UK Economy News
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5Mar 08 ExxonMobil Corporation, the world's biggest energy company, said Wednesday it planned to invest over 125 billion dollars in major new projects during the next five years.
Read full story Comments Off US economy sputtering on several fronts: Beige BookPosted by UK Economy News
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5Mar 08 The US economy is struggling on several fronts, with housing, manufacturing and retail activity losing steam, the Federal Reserve said in its Beige Book survey Wednesday.
Read full story Comments Off VW looking to buy more after Scania takeover: reportPosted by UK Economy News
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5Mar 08 Volkswagen, the biggest European car maker, is still in the market for utility vehicle manufacturers after saying it would take control of Swedish heavy truck group Scania, chairman Martin Winterkorn indicated Wednesday in an interview.
Read full story Comments Off SAS goes on trial in Denmark over Asian air hostess hiresPosted by UK Economy News
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5Mar 08 Scandinavian airline SAS went on trial in Copenhagen on Wednesday for hiring Chinese and Japanese flight attendants without Danish work permits.
Read full story Comments Off National minimum wage to rise 3.8 percentPosted by UK Economy News
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5Mar 08 Prime Minister Gordon Brown said the national minimum wage would go up on Oct 1 this year by 3.8 percent to a rate of 5.73 an hour.
Read full story Comments Off OPEC holds oil output, as crude hits record 104 dollarsPosted by UK Economy News
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5Mar 08 OPEC maintained its output level on Wednesday, ignoring US pleas to pump more crude to help rein in soaring oil prices which struck record highs above 104 dollars per barrel.
Read full story Comments Off Strikes cause transport chaos in GermanyPosted by UK Economy News
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5Mar 08 Strikes brought transport chaos to Germany on Wednesday as airport workers joined industrial action by other service industry staff, causing cancellations and long delays at airports around the country.
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