The United Nations says the world economy faces its worst downturn since the Great Depression.
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The temporary change in VAT is now in place but businesses say it has cost them money to implement the cut.
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The Royal Bank of Scotland will allow defaulting customers six months before taking any legal action against them.
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Dragons’ Den entrepreneur Theo Paphitis is among potential bidders for collapsed High Street chain Woolworths.
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Cash-strapped consumers are prepared to overstretch themselves on credit, a survey suggests.
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Early indications pointed to slightly higher sales, both online and at stores, as the crucial holiday shopping season kicked off this weekend in the midst of a major economic downturn.
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The US holiday shopping season gets off to an encouraging start, with sales on the day after Thanksgiving up 3% on last year.
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Just 4-1/2 months after setting record highs, the average price of regular unleaded gasoline is above $2 a gallon in only 3 states and the District of Columbia, according to a survey released Sunday.
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Dragons’ Den entrepreneur Theo Paphitis is among potential bidders for collapsed High Street chain Woolworths, reports say.
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Opec leaders decide to leave oil production quotas unchanged after a brief meeting in the Egyptian capital.
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China’s President Hu Jintao warns of the effects of the global financial crisis on his country, as economic growth slows.
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Investors may be in for another challenging week as the market braces for the fallout from Black Friday sales and as a flurry of economic reports continue painting a dour picture.
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Holiday shoppers continued their trek to malls and big-box stores Saturday, amid early indications of slightly higher Black Friday sales to kick off the season.
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Holiday shoppers continued their trek to malls and big-box stores Saturday, amid early indications of flat to slightly higher Black Friday sales in upscale areas to kick off the season.
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Business Secretary Peter Mandelson outlines plans to draw up a list of industries that could be saved from collapse
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Remember $4 gasoline? Remember $3 gasoline? And now, most of the nation can be asked, remember $2 gasoline?
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A last-ditch attempt to block the planned Lloyds TSB takeover of Halifax Bank of Scotland is launched.
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