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Archive for April 3rd, 2008IMF chief sees ‘major’ slowdown in global economyPosted by UK Economy News
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3Apr 08 International Monetary Fund managing director Dominique Strauss-Kahn said Thursday he sees a "major" slowdown in the global economy this year amid a credit market crisis.
Read full story Rome, Alitalia unions want Air France-KLM to come back to tablePosted by UK Economy News
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3Apr 08 The Italian government and unions at Alitalia Thursday signalled they wanted Air France-KLM to return to the negotiating table after the European aviation giant dropped its bid for the failing Italian flagship.
Read full story Comments Off MySpace forms music venture with big labelsPosted by UK Economy News
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3Apr 08 News Corp's MySpace, the world's largest social network Web site, said it has formed an online music venture with three major recording companies in a challenge to Apple Inc's dominant iTunes Music Store.
Read full story Comments Off Italy vows to keep Alitalia flying despite crisisPosted by UK Economy News
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3Apr 08 Italy's government scrambled to salvage Air France-KLM's collapsed deal to buy Alitalia on Thursday, promising to keep the airline flying despite a looming cash crisis.
Read full story Comments Off ATA Airlines files for bankruptcy, halts servicePosted by UK Economy News
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3Apr 08 Low-cost US carrier ATA Airlines said Thursday it had filed for bankruptcy protection and discontinued all operations, saying it had been squeezed by record fuel costs.
Read full story Comments Off Bernanke says multiple rate cuts were ‘justified’Posted by UK Economy News
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3Apr 08 Federal Reserve chairman Ben Bernanke said Thursday that a flurry of aggressive interest rate cuts in recent months were "justified" to ease the effects of a broad US credit crunch.
Read full story Comments Off TNK-BP CEO plays down troublesPosted by UK Economy News
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3Apr 08 Russian oil firm TNK-BP, half-owned by BP , said on Thursday it considered recent raids by security services officers and the arrest of an employee as one-off incidents, not a broad attack on the firm.
Read full story Comments Off Boeing first-quarter orders and deliveries upPosted by UK Economy News
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3Apr 08 Boeing said on Thursday that first-quarter commercial plane deliveries rose 8.5 percent as it ramps up production on the back of record orders in recent years.
Read full story Comments Off US Treasury chief Paulson urges China to lift barrierPosted by UK Economy News
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3Apr 08 US Treasury chief Henry Paulson urged China Thursday to lift import barriers on environmental technologies, turning the tables on the Chinese, who often blame the Americans for curbing hi-tech trade.
Read full story Comments Off EU approves Heineken purchase of some Scottish and Newcastle assetsPosted by UK Economy News
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3Apr 08 The European Commission approved on Thursday Dutch brewer Heineken's purchase of Scottish and Newcastle's businesses in Belgium, Britain, Finland and Portugal.
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