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The Royal Bank of Scotland Group PLC (RBS) has announced that the British government will take majority control of the bank, buying close to a 60 per cent stake, after its shareholders shunned a stock offering.
28/11/2008
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Brian Cowen, Ireland's prime minister, has unveiled plans to cut costs across government as the country battles against the recession that has hit the Irish economy.
27/11/2008
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A $250bn plan to try and stem the economic strife afflicting Europe has been unveiled by the European Commission.
26/11/2008
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The US government has announced it is pumping $800bn into the country's economy as news emerged its gross domestic product (GDP) shrank by more than expected.
25/11/2008
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China's growth could slow to its weakest level in almost two decades next year, the World Bank has said, in the latest grim sign of a slumping global economy.
25/11/2008
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Global mining giant BHP Billiton has said it is abandoning a controversial hostile takeover bid for rival Rio Tinto due to the state of the global economy.
25/11/2008
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Stock markets have soared after Barack Obama, the US president-elect, unveiled his economic team and the US government announced it was bailing out troubled banking giant Citigroup.
25/11/2008
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The US treasury department has announced that it is investing $20bn in Citigroup Inc as one of a series of actions to help the bank.
24/11/2008
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All 21 members of the Asia-Pacific Economic Cooperation (Apec) forum have said they would take all necessary measures to respond to the global economic crisis.
24/11/2008
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Gordon Brown, the UK prime minister, will attempt to revive the stalling British economy by spending billions of borrowed pounds on tax cuts in a bid to stop a recession turning into a slump.
24/11/2008
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George Bush, the outgoing US president, has continued his defence of free market ideology, despite widespread criticism of it being behind the global economic crisis.
23/11/2008
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World leaders are arriving in the Peruvian capital to attend the Asia-Pacific Economic Co-operation (Apec) forum for two days of talks on the global economic downturn.
22/11/2008
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Asian stocks have posted modest gains despite a gloomy outlook for the US job market which prompted losses on Wall Street.
21/11/2008
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Europe's competition commissioner has cautioned Germany and France against starting a race with the US to subsidise the car industry.
21/11/2008
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A fresh round of job cuts at Peugeot Citroen has underscored the car sector's woes as Nicolas Sarkozy, the French president, vowed to help the struggling industry as car sales plummet.
21/11/2008
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