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Archive for April 19th, 2008German cutler takes over French cookpot makerPosted by UK Economy News
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19Apr 08 French cast-iron cookpot maker Staub has been sold to Germany's Zwilling, which specialises in stainless steel kitchen equipment and knives, Staub boss Francis Staub told AFP Saturday.
Read full story French rail chiefs under fire after ‘nightmare’ Eurostar journeyPosted by UK Economy News
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19Apr 08 A state-level investigation is underway in France after hundreds of Eurostar passengers were stranded overnight before their train crawled into Paris some nine hours late on Saturday.
Read full story Comments Off Strikes threaten German postal service, Berlin transportPosted by UK Economy News
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19Apr 08 Germany's Verdi trade union Saturday called an open-ended strike for May 2 at mail service and logistics provider Deutsche Post after a fourth round of talks with management broke down overnight.
Read full story Comments Off Mercedes takes SUV battle with BMW to ChinaPosted by UK Economy News
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19Apr 08 Mercedes-Benz gave a peek preview of the GLK350 on Saturday, intended to challenge BMW's X3 as the two German luxury carmakers take their fight to the booming Chinese market.
Read full story Comments Off Bush urges passage of US-Colombia free trade dealPosted by UK Economy News
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19Apr 08 US President George W. Bush on Saturday urged US congressional leaders to reconsider their opposition to the US-Colombia free trade deal, calling its approval "a strategic imperative."
Read full story Comments Off Porsche boss is best-paid in German auto sector: reportPosted by UK Economy News
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19Apr 08 The head of German car maker Porsche, Wendelin Wiedeking, is by far the best-paid boss in the sector, with an annual salary of some 60 million euros (90 million dollars), according to the weekly AutomobilWoche.
Read full story Comments Off Turkmenistan strengthens currency after run on dollarPosted by UK Economy News
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19Apr 08 Turkmenistan's reclusive regime on Saturday announced a strengthening of the country's currency, confirming rumours that caused a run on the dollar in recent days.
Read full story Comments Off Ex-Siemens chief fingered in corruption probe: reportsPosted by UK Economy News
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19Apr 08 The former head of German engineering giant Siemens, Heinrich von Pierer, has been fingered for the first time by a witness in relation to the group's vast corruption scandal, press reports said Saturday.
Read full story Comments Off WTO head wants World Bank, IMF to refocus on food supplyPosted by UK Economy News
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19Apr 08 The head of the World Trade Organisation, Pascal Lamy, called on the World Bank and International Monetary Fund to take action to help tackle rising food prices in an interview Saturday.
Read full story Comments Off RBS to announce major losses: reportPosted by UK Economy News
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19Apr 08 The Royal Bank of Scotland, Britain's second largest bank, is to announce around four billion pounds worth of fresh losses linked to the credit crunch, the Financial Times reported Saturday.
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