UK mobile operator says EU’s plans to reform mobile termination rates will alienate users
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The idea of using algae as a significant new source of fuel is moving rapidly from the science lab to large-scale production, judging by a wave of big investments that have been made in the area in recent weeks
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Baird, the US-based investment bank and asset manager, is to expand its China business in a move that highlights the growing opportunities for mid-sized banks seeking to service deal activity involving mid-market Asian companies
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Hurricane Gustav swept across the Gulf of Mexico, forcing the mandatory evacuation of New Orleans, the shutdown of offshore oil production and a rethink of plans for the Republican party’s national convention
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Gas prices continue to rise in states along the Gulf of Mexico as workers on offshore oil rigs abandon ship and residents flee their homes ahead of Hurricane Gustav.
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Atticus Capital, one of New York’s most powerful hedge funds, has lost more than $5bn (€3.4bn) this year, as its record as one of the world’s top performing money managers was damaged by the credit crunch
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As officials started evacuating New Orleans, the oil industry shut down rigs and pulled back personnel as Hurricane Gustav bore down on the Gulf coast on Sunday.
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In a special Sunday afternoon trading session, oil prices spiked more than $3 before pulling back as the world oil market signaled its preliminary response to the looming threat of Hurricane Gustav.
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Preparations for the Republican national convention were in chaos as several top party leaders said they planned to stay away because of Hurricane Gustav, and John McCain said the event could be scaled down
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Russia’s president Dmitry Medvedev announced Moscow’s intention to preserve geographical spheres “of privileged interest” on or near its borders as part of a five point foreign policy statement in a television interview
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British Airways must be hoping that ‘third time lucky’ omens will favour its latest attempt to get closer to American Airlines, but regulators on both sides of the Atlantic may be hard pressed to take a tough line against both companies
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Gordon Brown is to unveil a multi-million pound package of measures aimed at reviving the moribund housing market and restoring his authority as prime minister
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Allianz was on the brink of selling Dresdner Bank to Commerzbank in a deal that will re-shape the German banking industry
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Allianz has agreed to sell Dresdner Bank in a deal that will re-shape the German banking industry and create a clear domestic rival to Deutsche Bank
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The US Department of Defense will this week set the clock ticking on a new competition for a $35bn contract to provide aircraft refuelling tankers to the US Air Force
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Several top party leaders said they planned to stay away because of Hurricane Gustav, and John McCain said the event could be scaled down
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Hurricane Gustav swept across the Gulf of Mexico, forcing the mandatory evacuation of New Orleans, the shutdown of offshore oil production and a rethink of plans for the Republican party’s national convention
More: continued here
Our exclusive performance grades reflect each fund’s relative-to-market performance against its peers.
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Highways out of New Orleans are jammed as residents flee the city in first mandatory evacuation since Katrina
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Highways out of New Orleans are jammed as residents flee the city in first mandatory evacuation since Katrina
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Evacuation of entire city is ordered as hurricane is expected to reach land with more strength than Katrina
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New Orleans’ plucky Times-Picayune survived Katrina. Now it faces Gustav–and a larger storm in the newspaper industry.
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