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Archive for May 6th, 2008ADB to provide 500 million dollars to combat food crisisPosted by UK Economy News
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6May 08 The Asian Development Bank will provide 500 million dollars (320 million euros) in immediate assistance to member nations hit hardest by soaring food prices, the head of the bank announced Tuesday.
Read full story UBS to cut up to 5,500 more jobsPosted by UK Economy News
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6May 08 Swiss banking giant UBS said on Tuesday it could cut up to 5,500 more jobs within the next year as it struggles to recover after wracking up huge losses in the US subprime home loan crisis.
Read full story Comments Off Airbus dogged by A380 delaysPosted by UK Economy News
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6May 08 Airbus suffered a double blow on Tuesday as airlines warned they faced further delays on delivery of the A380 superjumbo and a new hitch developed with the plane maker's cost-saving plans.
Read full story Comments Off Thomson Financial News journalists to vote on strikePosted by UK Economy News
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6May 08 Britain-based reporters at the Thomson Financial News wire service will vote on whether to strike over changes to working conditions after the creation of parent group Thomson Reuters, the main journalists' trade union said Tuesday.
Read full story Comments Off Airbus reviewing A380 delivery schedule: CEOPosted by UK Economy News
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6May 08 European plane maker Airbus is reviewing the delivery schedule of its flagship A380 superjumbo jet and its most important client Emirates said Tuesday it had been told to expect new delays.
Read full story Comments Off Microsoft Intl exec says at end of road on YahooPosted by UK Economy News
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6May 08 Microsoft has come to the "end of the story" with Yahoo and will now focus on its own, clear strategy of evolving as a leading provider of Internet services, the president of Microsoft International said.
Read full story Comments Off FACTBOX-Why oil prices are at a record highPosted by UK Economy News
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6May 08 (Reuters) - U.S. crude oil hit an all-time high of $122 a barrel on Tuesday.
Read full story Comments Off Microsoft’s Gates not ruling out deals post-YahooPosted by UK Economy News
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6May 08 SEOUL (Reuters) -Microsoft does not rule out partnerships with other companies but has nothing imminent, Chairman Bill Gates said on Tuesday, after the software company pulled a $47.5 billion (24 billion pound) bid for Yahoo .
Read full story Comments Off Oil price strikes 122 dollars for first timePosted by UK Economy News
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6May 08 Oil prices hit a record high 122 dollars on Tuesday as the market was driven by recent unrest in key producer Nigeria and a struggling US currency, traders said.
Read full story Comments Off Prosecutors probe Alstom for contract corruptionPosted by UK Economy News
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6May 08 French prosecutors suspect engineering giant Alstom, builder of power stations and high-speed trains, of bribing foreign officials to win contracts, a judicial source said Tuesday.
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