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Economy boost may mean pain later
Alistair Darling may be forced to set out future taxes rises to pay for a short-term boost to the economy, the BBC understands.
Murdoch attacks newspaper doomsayers

Rupert Murdoch tore into the "doom and gloomers" predicting the demise of newspapers yesterday, backing the industry to hit new heights this century, but admitted this involved "moving beyond dead trees".

Motor City: From Motown to no-hope town

It is the same odd realisation that overwhelms you at the great ruins of Central America or ancient Europe, the pyramids of Teotihuacan in Mexico or the labyrinthine streets of Ephesus in Turkey – the sense that a bustling civilisation, a hive of industry, need not even be destroyed to fall into ruin. It can just be abandoned.

Second G20 summit planned for London

World leaders pledged yesterday to cut taxes and boost government spending to drag their economies out of recession, and to begin work on a new system for regulating the battered global financial system.

The end of Woolies?

Ardeshir Naghshineh, the commercial property investor who owns a 10 per cent stake in Woolworths, is thought to be in talks with another entrepreneur to make a joint bid to buy the high-street chain.

China fears grow over job losses
Beijing says its employment outlook is "grim", amid concerns of increasing social unrest caused by economic problems.
Dow plunges below 8,000 to five-year low

Renewed turmoil on the world's debt markets signalled the credit crisis is far from over, and sent share prices plunging on both sides of the Atlantic.

Russia pushes Ukraine on gas debt
Russia demands Ukraine to repay a $2.4bn gas debt, raising fears of a renewed dispute which could disrupt supplies to Europe.
Market Report: Miners head lower on Cazenove downgrades

Miners fell back last night after Cazenove, worried by the rapidly deteriorating demand outlook, took an axe to its commodity price assumptions.

EasyJet reports sharp fall in profits

Budget airline easyJet PLC reported a 45 per cent drop in full-year profits today as higher fuel costs offset a strong gain in revenue.

Dell sees quarterly profits slip
US computer maker Dell sees its quarterly profits fall as customers around the world buy fewer computers.
Italian telecoms talks collapse
Hutchison Whampoa subsidiary 3 Italia fails to reach a merger agreement with Telecom Italia because of price disagreements.

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