Gmac

World faces slowdown in 2009, hopes pinned on bailouts

Another day, another batch of warning signs indicating the world will enter 2009 in the throes of a sharp economic slowdown.

Claudia Parsons

4 min read

ABBEY NATIONAL

26 NOV 2007

Virgin team picked for Northern Rock rescue

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…

Steve Slater

3 min read