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Industry: Severstal’s surprise profit

Severstal’s surprise profit

Russia’s largest steelmaker, Severstal, has posted an unexpected third-quarter net profit. It said the almost 45 million euro profit was due to a strong performance at its plants in Russia. By…

Industry

Trade: Ahold to cut costsAhold to cut costs Food: Cadbury to partner with Ferrero?Cadbury to partner with Ferrero? Banking: UBS targets profit through transformationUBS targets profit through transformation
Supermarket chain Ahold is planning to cut its costs by more than 350 million euros over the next three years. The Dutch company announced that…
Italian chocolate maker Ferrero is reportedly considering an alliance with Cadbury to counter a hostile takeover bid for the British company from …
UBS has said it is targeting an annual pretax profit of almost 10 billion euros. At a meeting of the loss-making Swiss bank’s shareholders…

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Former Irish President Mary Robinson turns to climate changeinterview Former Irish President Mary Robinson turns to climate change 29/10 16:20 CET

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Kazan: Muslim cinema festivalzoom Kazan: Muslim cinema festival 09/10 19:54 CET

latest economy news

Diplomacy: A new model for the Mediterranean

A new model for the Mediterranean

Its now one year since the launch of the Mediterranean Union and the organisation is still searching for its identity. As a result the Forum for Young Mediterranean Leaders came together in the…

Diplomacy

Economy: French special loan commission reportsFrench special loan commission reports OECD: OECD ups global growth forecastOECD ups global growth forecast Economy: Spain told wait for better timesSpain told wait for better times
A special commission looking at ways to build the French economy has recommended that 35 billion euros should be spent on strategic investments…
Asia is leading the global economy out of recession but the recovery will be marred by high unemployment and huge government debt across the…
The Organisation for Economic Co-operation has advised Spain that it should to hold off on measures to cut its budget deficit until the economy is in…

Latest market news & analysis

Markets: Markets: 18th November

Markets: 18th November

Italy’s Ferrero and US-based Hershey have confirmed they are reviewing options for a possible bid for Cadbury. However analysts and investors doubt they would be able to put together the means…

Markets

Markets: Markets: 19th NovemberMarkets: 19th November Markets: Markets: 17th NovemberMarkets: 17th November Markets: Markets: 16th NovemberMarkets: 16th November
European shares finished sharply lower, extending their losses as Wall Street headed deep into negative territory. Technology stocks were…
As investors paused for breath, European shares ended lower on Tuesday after hitting a 13-month high the day before. A smaller-than-expected…
European shares finished up 1.5 percent, at their highest in 13 months as gold, oil and other commodities rallied. Mostly upbeat economic data…

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AfghanistanAfghanistan 20/11 10:32 CET

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Seoul, South KoreaSeoul, South Korea 19/11 09:37 CET