Banking shock exposes cheap cash addiction
/ 23 March 2023

Banking shock exposes cheap cash addiction

The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit

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/ 27 March 2008

Obama blasts McCain on economy

Democratic hopeful Barack Obama on Wednesday dismissed Republican White House candidate John McCain’s economic plan as an insult, which left homeowners to face a mortgage crunch alone. In his first campaign appearance since a short vacation, Obama fired a new volley at the Arizona senator in a battle that is sure to intensify.

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/ 14 November 2007

Chevron to pay $30m in oil-for-food settlement

Chevron, the number-two United States oil company, has agreed to pay -million to resolve criminal and civil liabilities related to procurement of oil under the United Nations oil-for-food programme, US prosecutors said on Wednesday. Chevron will not be prosecuted and will continue to cooperate with investigators, they said.