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M&S outlets in Ireland are hit worse than those in UK

IT'S not just an ordinary recession, it's a Marks & Spencer recession.

Libya 'to pull Swiss bank assets'
Libya is to withdraw an estimated $7m of assets from Swiss banks in a row over the arrest of the Libyan leader's son.
Danish deal is good news for NIB customers

Customers of National Irish Bank can rest easy with the news that its parent, Danske, is covered by a new guarantee from the Danish government.

News, explainers and analysis – see full coverage of the global turmoil
News, explainers and analysis – see full coverage of the global turmoil
Icelandic bank prevents UK savers from withdrawing savings

Landsbanki Islands hf, Iceland's second- biggest lender, blocked customers at its U.K. online savings unit Icesave from withdrawing money after the Icelandic Financial Supervisory Authority took control of the parent company.

Royal Bank of Scotland may need government assistance

Royal Bank of Scotland Group Plc fell the most in at least 20 years on speculation it will be the next U.K. bank to need government assistance.

Employers seek 10,000 job cuts in public sector

EMPLOYERS have urged the Government to urgently slash its €17bn public sector wage bill by 5pc in a move that would result in up to 10,000 job losses.

US bans key Indian drug imports
The US FDA says it has banned the import of more than 30 generic drugs made by Indian drug firm Ranbaxy.
Financial crisis 'worries Africa'
The chairman of the African Union appeals against any cut in aid following the global financial crisis.
Number of jobless will hit 300,000 next year

UNEMPLOYMENT is set to spiral to 8pc next year, a level not seen since the early days of the Celtic Tiger in 1998.

Icelandic wipeout serves up stake in UK pub group to Irish investors

Joe Lewis, a Caribbean-based associate of Irish horse racing tycoons John Magnier and JP McManus, has snapped up a 26pc stake in British pub group Mitchells & Butler after Iraq-born property billionaire Robert Tchenguiz was forced to liquidate his position in the firm.

Citigroup ends Wachovia dispute
US financial giant Citigroup says it will not seek to bar Wells Fargo from taking over troubled bank Wachovia.

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