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Recession: just how bad can it really get?

It was a day that left economists scrambling for the right doom-laden adjective. “Shocking”, “dire” and “horrific” were just some of the words used t[...] read more »
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Dow slides 312 points on 79th anniversary of Wall Street Crash

Wall Street clawed back heavy early losses to close down 312.3 points on the 79th anniversary of the Wall Street Crash of 1929 as investors reacted t[...] read more »
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Opec wants to halt oil price slide but fears making financial crisis worse

Members of the Opec oil producers’ cartel began negotiations on Thursday on whether to cut output in a desperate bid to halt the slide in crude price[...] read more »
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Microsoft shakes off Vista concerns to post rise in profits

Computer software giant Microsoft is faring better than expected in the economic downturn – despite continued concern over its Vista operating system[...] read more »
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IMF plans rescue of emerging nations

The International Monetary Fund is working on a package it hopes to approve by early November which would let several emerging market economies excha[...] read more »
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Transcript challenges UK position on Iceland

A transcript of a conversation between the UK chancellor, Alistair Darling, and his Icelandic counterpart appears to question the British government’[...] read more »
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Pakistan turns to IMF for financial help

Pakistan sought help from the International Monetary Fund on Wednesday to avoid defaulting on billions of dollars in loans and skirt a financial cris[...] read more »
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Recession Fears Stoke Global Market Woes

World stock markets sagged again Wednesday as a barrage of weak corporate earnings stoked fears that the government's financial intervention won't [...] read more »
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30 Powder-Laced Letters Sent To Banks

FBI Testing Suspicious Powder Sent To Chase Bank Branches In 8 Cities read more »
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'My £1.3million bonus just not enough': The £300,000-a-year City banker who is suing for £92,000 more

A £1.6 million-a-year City trader is suing his employer for £92,000 after claiming he did not get a big enough bonus, it is revealed today. read more »
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Up to 8m savers' nest eggs threatened as insurers raise charges on withdrawals

Up to eight million savers holding with-profits policies face losing thousands of pounds after Britain's leading insurance companies imposed punitiv[...] read more »
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How to cope with negative equity

The number of homes in negative equity has climbed by more than a quarter of a million in the past four months. read more »
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How to pick recession-proof stocks

With recession looming, and share prices likely to remain erratic in the near future concentrate on companies that have a strong balance sheet, few d[...] read more »
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Public borrowing shortfall at highest since 1946

UK public finances have deteriorated further, recording the biggest half-yearly shortfall since 1946 when Britain was emerging from the ravages of th[...] read more »
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Data expected to show ‘a picture of misery’

A string of economic and banking data this week are expected to highlight what is emerging as a full-blown recession in Britain. read more »
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