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Archive for May, 2008Deutsche Telekom spying went on ‘for years’Posted by UK Economy News
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31May 08 Germany's national phone company Deutsche Telekom spied on its staff for years to see who had unauthorised contacts with journalists, a former security chief at the company said Saturday.
Read full story India’s Sterlite to buy Asarco for $2.6 blnPosted by UK Economy News
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31May 08 India's Sterlite Industries on Saturday agreed to buy the operating assets of bankrupt copper miner Asarco for $2.6 billion (1.31 billion pounds), the latest in the series of overseas acquisitions by Indian firms.
Read full story Comments Off BAE rises as Pentagon supplierPosted by UK Economy News
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31May 08 BAE Systems has become the Pentagon's sixth-biggest supplier, up from eighth, despite a U.S. investigation of its compliance with anti-bribery laws to win a Saudi arms deal in the 1980s.
Read full story Comments Off Spain, Italy, Portugal join French fishing strike over fuel pricesPosted by UK Economy News
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30May 08 Fishermen from Portugal, Italy and Europe's largest fleet, Spain, began open-ended national strikes Friday, adding to growing continent-wide protests at the soaring price of fuel.
Read full story Comments Off Oil prices rebound on supply concernsPosted by UK Economy News
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30May 08 Oil prices rebounded on Friday, reversing early losses as traders focused on stretched global supplies and a firming dollar.
Read full story Comments Off Oil rises to over $127 on weaker dollarPosted by UK Economy News
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30May 08 Oil prices rose to over $127 a barrel on Friday as a drop in the dollar drew in investors seeking to hedge against the weaker greenback.
Read full story Comments Off Ford to build low-cost Fiesta car in MexicoPosted by UK Economy News
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30May 08 Ford Motor Company said Friday it will build a new low-cost, small car for the North American market at its Mexican plant as part of a three billion dollar expansion.
Read full story Comments Off British airline Silverjet enters administrationPosted by UK Economy News
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30May 08 The business-class airline Silverjet said Friday it had suspended operations and entered administration, leaving it on the brink of collapse, after running into serious funding problems amid soaring fuel costs.
Read full story Comments Off AirTran defers delivery of 18 Boeing aircraft to 2013-2014Posted by UK Economy News
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30May 08 Budget airline AirTran Airways said Friday it will defer the delivery of 18 Boeing 737-700 aircraft to 2013 to 2014, due to record-high fuel costs.
Read full story Comments Off German retail sales post surprise fallPosted by UK Economy News
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30May 08 German retail sales released Friday posted a surprise monthly fall in April, adding to evidence that rising prices are keeping consumers away from the shops.
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