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Dubai's glittering towers were enveloped by the fogs of world-wide recession in October 2008

Dubai debt default fears a 'setback'

Gordon Brown today said fears over a major debt default in Dubai were worrying but insisted they would not knock the global recovery off course.

Inside Business News

Traders 'panic' as LSE hit by double whammy

Friday, 27 November 2009

London Stock Exchange goes down in midst of sell-off sparked by Dubai

Immigrant workers from Asia are building the skyscrapers of Dubai while A-list celebrities are hired to promote the city to rich Westerners

Dubai debt shock knocks £14bn off bank shares

Friday, 27 November 2009

Britain is in the front line as fears grow over exposure to the Gulf emirate's financial problems. Sarah Arnott reports on a day that sent global stock markets reeling.

2,000 jobs go as more First Quench stores close

Friday, 27 November 2009

Threshers owner First Quench fell into administration in October after struggling amid the recession.

Daily Mail group cuts ease fall in profits

Friday, 27 November 2009

Newspaper publisher beats expectation, sparking predictions of 'green shoots'

Bolton puts off retirement to run new China fund

Friday, 27 November 2009

Veteran Fidelity guru says Western economic recovery is faltering

Dubai expansion fuelled by years of cheap money

Friday, 27 November 2009

Worries over Dubai's ability to pay its debts come after years of expansion fuelled by cheap money - bringing a huge potential headache for UK banks.

Vauxhall to avoid job losses at Ellesmere

Friday, 27 November 2009

The British motor industry enjoyed its best news in many months yesterday, when GM Europe's new chief executive, Nick Reilly, offered an assurance that there will be no closure or job losses at Vauxhall's Ellesmere Port plant in Merseyside, and that it would be moving to three-shift production, utilising its full capacity.

Jobless total will continue to rise, says Darling

Friday, 27 November 2009

Retailers see hopeful signs for beginning of Christmas season

Borders UK collapses putting 1,150 jobs at risk

Friday, 27 November 2009

Borders UK, the beleaguered bookseller, collapsed yesterday afternoon after a day of high drama in which the accountancy firm originally lined up as administrator walked away over a "conflict of interest".

Evening Standard set to close midday edition

Friday, 27 November 2009

The London Evening Standard, which went free last month in an attempt to lift revenues, has axed its early edition with about 20 jobs set to go.

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