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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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/ 26 November 2007
A consortium led by Richard Branson’s Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay £11-billion (,6-billion) quickly to the Bank of England. Half the cash will come from the consortium and half will be raised through a rights issue at 25 pence per share.