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/ 27 January 2009
US President Barack Obama will on Tuesday hold talks with congressional Republicans who complain his -billion stimulus plan is too expensive.
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/ 25 January 2009
SA marks 500 days to the World Cup finals on Monday facing questions over the country’s ability to be ready in time for the start of the tournament.
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/ 24 January 2009
China must do more to ease public distress as it battles a slowing economy and rising unemployment, a leadership meeting said
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/ 24 January 2009
A "stabilising fund" is needed for industries under pressure due to the global financial crisis, the Congress of the People said on Friday.
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/ 23 January 2009
The tentacles of the deepening global recession are reaching Africa’s largest economy, which is at risk of slipping into recession in 2009.
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/ 23 January 2009
South Korea’s Samsung Electronics posted its first quarterly loss to date on Friday, joining a host of technology companies including Microsoft.
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/ 23 January 2009
Yahoo! said on Thursday it is freezing employee pay as it works to curtail costs and improve the pioneering Internet firm’s fortunes.
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/ 22 January 2009
Microsoft reported disappointing earnings on Thursday and plans to cut up to 5 000 jobs as US jobless claims rose more than expected.
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/ 22 January 2009
While serious, Africa’s current economic situation is not as dire as it once might have been.
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/ 19 January 2009
Britain is set to announce its second bank rescue and the incoming US administration said it will make its funds work harder to get credit flowing.
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/ 19 January 2009
After a seemingly endless transition period, Barack Obama has a daunting to-do list when he finally takes office on Tuesday.
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/ 17 January 2009
Bruised and battered at the start of 2009, Wall Street looks ahead to the inauguration of Barack Obama as president with hope.
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/ 16 January 2009
Ailing US banking giant Citigroup reported on Friday that it was splitting into two businesses to restore profitability.
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/ 16 January 2009
African countries are experiencing significant capital outflows as a result of the global economic downturn, Trevor Manuel said on Friday.
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/ 15 January 2009
Citigroup and Bank of America faced new doubts over their ability to fund their massive losses as their shares sank on Wednesday.
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/ 14 January 2009
US president-elect Barack Obama promised on Tuesday stricter control over a financial rescue package, winning over some skeptical lawmakers.
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/ 13 January 2009
The World Economic Forum (WEF) took a grim view of prospects for the world economy this year in a report released on Tuesday.
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/ 10 January 2009
Property markets on both sides of the Atlantic have plunged, but nowhere has the collapse been more spectacular than in Detroit.
The United States unemployment rate surged to its highest level in nearly 16 years in December.
President-elect Barack Obama on Wednesday warned "Wall Street has not worked" and promised a "substantial overhaul" of the US financial markets.
German billionaire Adolf Merckle, assailed by financial turmoil and struggling to salvage his business empire, has killed himself.
With the US economic outlook darkening, Barack Obama went to Congress two weeks before taking office to try to entice support for a stimulus package.
Dubai’s rapid expansion in recent years provided jobs for millions. But the global financial meltdown has abruptly ended the dream for many people.
Chrysler on Friday received a -billion loan from the US government, two days after the government completed a parallel payout to General Motors.
Investors said good riddance on Wednesday to one of the worst years and prayed that rescue plans will pull the global economy out of its tailspin.
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/ 31 December 2008
The young waitress waved at the empty tables as a clutch of idle cooks bided time in a corner of one of the Gambian capital’s trendy restaurants.
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/ 31 December 2008
Another day, another batch of warning signs indicating the world will enter 2009 in the throes of a sharp economic slowdown.
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/ 30 December 2008
Global growth will be very weak next year, a senior European banker warned on Tuesday.
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/ 30 December 2008
The biggest migration in human history has gone into reverse. China’s ocean of blue-collar workers are streaming back to the country’s hinterland.
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/ 28 December 2008
Fano Ephraim Mtshali hasn’t held a steady job since 1998 and claws out a living for his two children and his eight orphaned nieces and nephews.
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/ 27 December 2008
As the US stock market heads into the last week of the year, what was inconceivable just 12 months ago is now a stark possibility.
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/ 25 December 2008
Wines from the Balkan country have been known more for quantity than quality, and Bulgaria now accounts for only 0,6% of world production.