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/ 22 January 2008

World markets plunge as recession fears grow

Stocks plummeted across the world on Monday amid fears of a global recession, with markets in Europe suffering their biggest one-day losses since the September 11 attacks on the United States. Dealers said a major new plan by President George Bush to prevent a United States recession was not enough to offset the stream of bad news from banks.

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/ 19 October 2007

Blair wins backing as future EU president

Former British prime minister Tony Blair would be a good choice as the European Union’s first full-time president, French and British leaders said on Friday while stressing that the job is not yet on offer. Blair’s successor, Gordon Brown, praised Blair’s current role as international Middle East envoy, and said he would be a strong candidate for any similar high-profile role.