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Reuters - Recession has struck much of Europe, data showed on Friday, confirming a widespread economic downturn that world leaders hope to tackle at a weekend summit in Washington.
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0 Comments AFP - The fortunes of India's wealthiest have been cut by more than 60 percent due to the global financial crisis which has sharply pulled down stock markets, according to a new rich list.
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Reuters - Shares in Asia and Europe followed Wall Street higher on Friday as steep falls earlier this week attracted bargain hunters, while intensifying concerns about the UK economy knocked sterling to fresh 13-year lows.
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Reuters - Three big European credit insurers have removed cover from suppliers of troubled U.S. carmakers General Motors Corp and Ford Motor Co, the Financial Times reported on Friday.
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