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latest news & developmentsFinance crisis claims 70Â 000 jobs in one day
Companies forecast almost 70 000 job cuts in a single day as the rampant crisis born in the banking sector struck workers across the globe.
Carlyle Capital in default, on brink of collapse
An affiliate of United States-based buyout firm Carlyle Group has defaulted on about ,6-billion of debt and expects its lenders to seize remaining assets as the global credit…