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Archive for April 2nd, 2008Air France-KLM’s bid to take over Alitalia falls apartPosted by UK Economy News
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2Apr 08 Air France-KLM's bid to take over Alitalia fell apart on Wednesday as union negotiations broke down and the failing Italian flag carrier's chairman Maurizio Prato resigned.
Read full story Argentine farmers call 30-day halt to crippling strikePosted by UK Economy News
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2Apr 08 Argentina's farmers on Wednesday declared a 30-day halt to a strike over a stiff tax hike on soybean exports that over three weeks has created a shortage of meat and other staples in city suprmarkets.
Read full story Comments Off Bernanke says recession possible, defends Bear Stearns movePosted by UK Economy News
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2Apr 08 Federal Reserve chief Ben Bernanke acknowledged Wednesday a US recession may have begun and defended the rescue of investment firm Bear Stearns as a move to avert a potential economic calamity.
Read full story Comments Off Privatization of first major US airport attracts foreign interestPosted by UK Economy News
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2Apr 08 Foreign investors are lining up to bid to operate Chicago's Midway International Airport, the first major US airport to be privatized under a federal initiative launched more than a decade ago.
Read full story Comments Off World Bank calls for ‘New Deal’ to fight hungerPosted by UK Economy News
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2Apr 08 With skyrocketing food prices critically threatening the world's poor, the World Bank on Wednesday called on the international community to mount a wide-ranging "New Deal" fight against hunger.
Read full story Comments Off Harrah’s, Slovenian group Hit suspend talks on park: HitPosted by UK Economy News
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2Apr 08 Harrah's Entertainment of the United States and Slovenia's Hit Group are suspending talks on construction of a 750-million-euro (1.17-billion-dollar) entertainment park in western Slovenia, the Hit Group said in a statement Wednesday.
Read full story Comments Off Australian PM stresses ‘urgent need’ for global trade dealPosted by UK Economy News
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2Apr 08 Australian Prime Minister Kevin Rudd on Wednesday stressed there was an "urgent need" to reach a new global trade deal in the months ahead and said such a pact was "doable."
Read full story Comments Off Potential and pitfalls seen from mobile phone adsPosted by UK Economy News
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2Apr 08 Advertising on mobile phones has huge potential to connect brands with consumers at any time of the day and within a specific location but it must be creative, relevant and non intrusive, industry experts believe.
Read full story Comments Off Watchmakers pin hopes on Eastern promise amid US woesPosted by UK Economy News
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2Apr 08 International watchmakers pinned their hopes on Asia and other developing economies Wednesday amid warnings the industry could be undermined by the growing turmoil on financial markets.
Read full story Comments Off Bernanke comments point to possible US recessionPosted by UK Economy News
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2Apr 08 Federal Reserve chairman Ben Bernanke said Wednesday that the US economy may not grow much "and could even contract slightly" in the first half of 2008, suggesting a recession may be underway.
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