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Dijon will lose its legendary mustard: French mustard brand Amora Maille has announced the closing of its historic production sites in the capital of Burgundy. Carmakers Renault and Peugeot have also announced massive job cuts.
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Bavarian luxury carmaker BMW saw his monthly sales drop 25,4% in November. Sales were down 1,8% to 1.3 million units in the first 11 months of the year, confirming the global downturn is also affecting the industry's premium segment.
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Shipping benefits from globalization more than almost any other sector. But this has also made it more vulnerable to the global economic crisis. Freight and charter rates have plunged, jobs at shipping companies are being cut and many ships are being parked for months at a time.
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Bavarian luxury carmaker BMW saw their monthly sales drop 25.4% in November. Sales were down 1.8% to 1.3 million units in the first 11 months of the year, confirming the global downturn is also affecting the industry's premium segment.
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Stressing the need for a unified European financial package during a press conference with German Chancellor Angela Merkel, French President Nicolas Sarkozy said he would meet with British PM Gordon Brown ahead of Saturday's eurozone talks.
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ALL eyes are on the share market after PM Rudd tells Aussies to steel themselves as financial crisis hits.
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HUMANITARIAN organisations want the government to declare the current situation in the country -- particularly in the two Matabeleland regions -- a national disaster, to speed up the allocation of resources to needy communities.
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Efforts to eradicate global poverty have come under threat as governments grapple with the financial crisis, international development secretary Douglas Alexander said.
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The situation would be alarming enough if it were confined to a matter of hunger, but a wide-spread lack of food triggers other threats, from social unrest to environmental degradation," UN Secretary General Ban Ki-Moon said in a statement on
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The financial crisis could spike the guns of the country set. Neil Tweedie reports.
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EUROPEAN stocks hammered and Dow in decline as analysts say recession is a virtual certainty.
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The country's leading electric car maker delays its next model, replaces its CEO and will lay off workers. The credit crisis has hit the country's leading electric car maker.
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PRIME Minister Kevin Rudd will meet with business and industry leaders tomorrow to thrash out further ideas to protect the economy against the global financial crisis.
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Wealthy nations are reneging on commitments to help feed the world's hungry and may cite the banking crisis as a reason why they cannot do more, former U.N. Secretary-General Kofi Annan said Thursday.
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As councils, businesses, charities and individuals across the UK count the cost of the collapse of the Icelandic banking system, one of our national museums has announced that it too could lose money invested in the beleaguered Icelandic bank, Kaupthing
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ROME (Reuters) - The world's leading crusaders against hunger voiced frustration on World Food Day on Thursday that the global financial crisis had overshadowed a food crisis tipping millions toward starvation.
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Today's selection of timely reports.
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The number of Britons purchasing property in France's Dordogne has halved amid the financial crisis.
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Two nutrition experts argue that you can't take marketing campaigns at face value.
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The sharp increases in commodity prices that triggered food riots this year have been all but erased amid the recent financial turmoil, but officials now fear donors will forget that the problem goes much deeper.
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West End shows are falling victim to the financial crisis and posting early closure notices.
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The operators of the Whistler-Blackcomb ski resort in B.C. say it's business as usual, despite reports the owners are struggling to stop it from becoming a victim of the international credit crisis.
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The UK’s public finances deteriorated badly in September, with public sector net borrowing soaring to a record level as spending outpaced tax receipts amid the worst economic crisis since the 1930s, the Office for National Statistics reported yesterday.
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Until recently, fuel-efficient offerings from Japanese manufacturers have continued selling well as fuel prices have soared. But that relative advantage has receded quickly since the financial crisis entered its most turbulent phase in September
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France's Euro Disney announced a record number of visits this year, with 15.3 million people coming to theme park despite the international crisis. In September, its sales rose 9 per cent to reach 1.33 billion euros.
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Maker of the worldfamous London black cabs says drivers are struggling with fuel prices and mortgage costs.
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ROUEN, France, Oct. 22 -- Coralie Canterelle, who wields her scissors with easy flair, makes no claim to expertise in the world of high finance. But from the vantage point of her little hair salon in this ancient Normandy town, she said, it has become clear that Europe's financial turmoil is tric...
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Oct. 22: Katherine Hobson from U.S. News and World Report reveals five things the food industry doesn’t want you to know. (Today Show)
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The right strategies and policies are the key to sound and productive actions. Without proper strategies, it is difficult to achieve anything. But policies and strategies alone, without tangible actions are useless.
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SEOUL, South Korea (AP) -- The U.N. food agency said Thursday that millions of North Koreans face a food crisis, but a South Korean official said that Seoul has not decided whether to respond to a request for food aid to the communist country....
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Food sales have fallen for the first time in more than 20 years according to official statistics.
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The UN food agency said Thursday that millions of North Koreans face a food crisis, but a South Korean official said that Seoul has not decided whether to respond to a request for food aid to the communist country.
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The world's top maker of memory chips and LCDS said its third-quarter net profits dropped by 44% due to the global slowdown but semiconductors showed some resilience
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The Paris-based airline said the global credit crisis and slowing economic growth meant fewer tourists and business travelers.
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United Nations envoy estimates than half of North Koreans eat only two meals a day, as harvests remain low after floods in 2006 and 2007
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Millions of people in the country are facing "severe deprivations" not seen since the mid-1990s, according to a newly released UN report.
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Millions of people in the country are facing “severe deprivations” not seen since the mid-1990s, according to a newly released U.N. report.
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Custard sticky toffee puddings and other comfort food is making a comeback as consumers try to ward off the economic crisis with nursery fare from their childhood.
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NASCAR chairman and CEO Brian France is confident stock car racing can weather the current economic crisis.
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Metro, BART, MARTA, and other public-transit systems are asking the government for help.
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Hedge funds seemed unstoppable during the boom years, lavishing riches upon their investors and managers alike. Now that those riches are quickly disappearing, some analysts are blaming them for propagating the high-risk culture that led to the crisis on Wall Street. We try to shed some light on the hedge fund industry.
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Not even the moneyed NFL has been immune from the global financial crisis.