Business
US Government stages world's biggest bail out
WASHINGTON - The world's biggest financial bail-out was staged by the American government in a bid to ease the global credit crisis.
Coca-Cola looks East in biggest Chines takeover by a foreign company
HONG KONG (Reuters) - Coca-Cola Co, the world's largest soft drinks maker, offered to buy juice maker China Huiyuan for a hefty premium, marking the biggest takeover in China by a foreign company....
Nigerian tycoon eyes South Africa's Telkom: paper
LAGOS - Nigerian tycoon Mike Adenuga wants to buy South African fixed-line operator Telkom so he can merge his cellphone company Globacom with Telkom's stake in Vodacom, a Nigerian newspaper said on Tuesday....
Britain is set to plunge into recession this year
LONDON - The UK economy will fall into recession during the second half of this year, according to the Organisation for Economic Co-operation and Development (OECD)....
The Pound tumbles to an alltime low on blundering Chancellor
LONDON - The pound fell today to its lowest level against the euro since the single currency was introduced in 1999, as the currency markets digested comments by Alistair Darling that Britain was facing its worst economic downturn for 60 years....
South Africa's largest Company eyes Zimbabwe for growth
JOHANNESBURG - South Africa's biggest company by revenues, services group Bidvest posted a 10.1 percent rise in annual profit on Monday and said troubled Zimbabwe is among the places where it is looking for growth....
Britain in grip of worst economic crisis for 60 years, admits Alistair Darling
LONDON - Britain is in the grip of its worst economic crisis for 60 years, Alistair Darling has admitted. The Chancellor of the Exchequer warns that the slump is going to be "more profound and long-lasting than people thought". ...
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