G7 finance ministers have backed plans to write off up to 100% of the debts of some of the world’s…
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India’s Deccan seals $1.8bn deal
Air Deccan has ordered 30 Airbus A320 planes in a $1.8bn (£931m) deal as India’s first low-cost airline expands in…
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Argentina, Venezuela in oil deal
Argentina and Venezuela have extended a food-for-oil deal, which helped the former to overcome a severe energy crisis last year.…
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Iran budget seeks state sell-offs
Iran’s president, Mohammad Khatami, has unveiled a budget designed to expand public spending by 30% but loosen the Islamic republic’s…
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German jobless rate at new record
More than 5.2 million Germans were out of work in February, new figures show. The figure of 5.216 million people,…
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Chinese dam firm ‘defies Beijing’
The China Three Gorges Project Corp is refusing to obey a government order to stop construction of one of its…
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Japanese banking battle at an end
Japan’s Sumitomo Mitsui Financial has withdrawn its takeover offer for rival bank UFJ Holdings, enabling the latter to merge with…
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Palestinian economy in decline
Despite a short-lived increase in Palestinian jobs in 2003, the economy is performing well below its potential, said a World…
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US industrial output growth eases
US industrial production continued to rise in November, albeit at a slower pace than the previous month. The US Federal…
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Peugeot deal boosts Mitsubishi
Struggling Japanese car maker Mitsubishi Motors has struck a deal to supply French car maker Peugeot with 30,000 sports utility…
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