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UN expresses support for EU anti-piracy mission
Published December 2, 2008, 8:50 am, Eu Business
(UNITED NATIONS ) - The UN Security Council on Tuesday passed a resolution expressing its support for a European naval mission to begin December 8 aimed at ending increased piracy off the coast of Somalia.
EU launches Georgia-Russia conflict probe
Published December 2, 2008, 8:50 am, Eu Business
(BRUSSELS ) - The EU on Tuesday launched an enquiry into the causes of the brief Georgia-Russia war, while holding out a diplomatic hand to Moscow by resuming strategic talks which were frozen after the August conflict.
Oil retreats below $49 as brief rally fades
Published December 2, 2008, 8:42 am, The Globe and Mail
LONDON (Reuters) - Oil fell below $49 a barrel on Tuesday, after reversing early losses in response to a rally in U.S. and European shares. It had earlier fallen to a new 3-1/2-year low below $48, weighed down by gloom over the ailing world economy and its impact on fuel demand.
CA-BUSINESS Summary
Published December 2, 2008, 8:42 am, The Globe and Mail
TORONTO (Reuters) - Manulife Financial Corp said on Tuesday it expects to report a quarterly loss of C$1.5 billion ($1.2 billion) due to falling markets, and plans to raise C$2.1 billion by issuing common stock, sending its share price tumbling.
New Crowley logistics chief
Published December 2, 2008, 8:42 am, Journal of Commerce Online
Crowley announced that Rinus Schepen, senior vice president and general manager of logistics, will retire effective in June, 2009. Schepen , a 20-year Crowley veteran, in retirement will continue to work on special assignments.
Tobin: Strathclyde Police comment
Published December 2, 2008, 8:39 am, The Herald
Detective Superintendent David Swindle said: "During the investigation into the murder of Angelika Kluk we established that Peter Tobin had used numerous aliases, was linked to around 38 mobile telephone SIM cards and had travelled extensively throughout the UK during the year prior to her murder.
EU struggles to get stimulus package on the rails
Published December 2, 2008, 8:35 am, Eu Business
(BRUSSELS ) - The European Union struggled on Tuesday to get a sweeping economic recovery package on the rails, with member states giving lukewarm backing to a proposed 200-billion-euro stimulus plan.
ECOFIN: Italy Min:Ability To Stimulate Econ Limited By Debt
Published December 2, 2008, 8:30 am, The Forex Market
BRUSSELS (Dow Jones)-Italy's Finance Minister Giulio Tremonti said Tuesday his country can't boost its economy further through a stimulus plan because of its high public deficit.
Italian Jan-July Textile, Clothing Exports Up 4.3%
Published December 2, 2008, 8:30 am, The Forex Market
MILAN (Dow Jones)--Italian clothing and textile exports rose 4.3% to EUR10.6 billion in the first seven months of this year, figures released by a manufacturers group showed Tuesday.
In pics: Mumbaikars bounce back
Published December 2, 2008, 8:29 am, IBN live
Mumbaikars show their resilient spirit, they are back on track.
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