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Ottawa commits to spark economy
The Conservative government is going to open its wallet to help boost the Canadian economy as part of a global effort to stave off a deepening recession, Prime Minister Stephen Harper says.
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Retail sales hold up better than expected
Retail sales in the UK defied expectations last month, falling by far less than expected despite growing signs that high street stores are struggling to persuade shoppers to part with their cash. 10
Dollar weaker as US sales tank
The dollar opened weaker as a record fall in US retail sales and data showing Europe in recession reminded traders a prolonged world economic slowdown was on the way, hitting growth-sensitive currencies. 10
UK Retail Sales Weigh on Pound
This morning’s UK Retail Sales figures showed a 0.1% drop in October – which was much better than analyst’s predictions of a 0.8% drop. 10
Germany - worst is yet to come
CONFIRMATION this week that Germany has slipped into a recession comes after a string of profit warnings from the country's stable of corporate titans that suggest the worst is yet to come. 10
Japan may avoid recession, for now: Analysts
Japan probably avoided a recession in the third quarter of this year, but Asia's biggest economy looks set to shrink in 2009 as the financial crisis bites, analysts predict.
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Global economic meltdown and the real cause
Many of us must have been surprised by what has been going on in the United States, Europe and in some Asian countries. But to some expert, this scenario was expected and they have been warning since decades. It is very logical and predictable af 10
EU Constructing EU130 Billion Growth Package, Germany Says
The European Commission is working with the 27 EU states on a 130 billion-euro ($164 billion) package to bolster the region's economy amid recession, according to German government officials. 
