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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McDonald’s to sponsor MTV show
McDonald’s, the world’s largest restaurant chain, is to sponsor a programme on music channel MTV as part of its latest…
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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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US prepares for hybrid onslaught
Sales of hybrid cars in the US are set to double in 2005, research suggests. Research group JD Power estimates…
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Survey confirms property slowdown
Government figures have confirmed a widely reported slowdown of the UK’s housing market in late 2004. House prices were 11.8%…
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Cairn Energy in Indian gas find
Shares in Cairn Energy rose 3.8% to 1,088 pence on Tuesday after the UK firm announced a fresh gas discovery…
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Liberian economy starts to grow
The Liberian economy started to grow in 2004, but “sustained and deep reform efforts” are needed to ensure long term…
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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Japan’s Sumitomo Mitsui Financial has withdrawn its takeover offer for rival bank UFJ Holdings, enabling the latter to merge with…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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