Nigerian banks United Bank of Africa and Standard Trust Bank have agreed plans to merge and create the biggest bank…
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Iraqi voters turn to economic issues
Beyond the desperate security situation in Iraq lies an economy in tatters. A vicious cycle of unemployment, poor social services…
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Steel firm ‘to cut’ 45,000 jobs
Mittal Steel, one of the world’s largest steel producers, could cut up to 45,000 jobs over the next five years,…
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UK economy ends year with spurt
The UK economy grew by an estimated 3.1% in 2004 after accelerating in the last quarter of the year, says…
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Feta cheese battle reaches court
A row over whether only Greece should be allowed to label its cheese feta has reached the European Court of…
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Bank holds interest rate at 4.75%
The Bank of England has left interest rates on hold again at 4.75%, in a widely-predicted move. Rates went up…
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Business confidence dips in Japan
Business confidence among Japanese manufacturers has weakened for the first time since March 2003, the quarterly Tankan survey has found.…
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Christmas shoppers flock to tills
Shops all over the UK reported strong sales on the last Saturday before Christmas with some claiming record-breaking numbers of…
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UK homes hit £3.3 trillion total
The value of the UK’s housing stock reached the £3.3 trillion mark in 2004 – triple the value 10 years…
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Verizon ‘seals takeover of MCI’
Verizon has won a takeover battle for US phone firm MCI with a bid worth $6.8bn (£3.6bn), reports say. The…
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