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    European Business & Economy Headlines
    London shares close higher (AFP)

    Blue chips closed higher as Wall Street remained firmer, with Rexam, Admiral and Aviva all continuing to gain after positive earnings news.(AFP/File/Ben Stansall)AFP - Blue chips closed higher as Wall Street remained firmer, with Rexam, Admiral and Aviva all continuing to gain after positive earnings news.


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    Wed, 30 Jul 2008 16:36:17 GMT - Yahoo! News: Business - European Economy
    Pound weak against the dollar (AFP)

    A pile of pound coins. The pound briefly rebounded following the weak euro zone survey, before coming back under pressure on concerns about the outlook for the economy.(AFP/File/Shaun Curry)AFP - The pound briefly rebounded following the weak euro zone survey, before coming back under pressure on concerns about the outlook for the economy.


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    Wed, 30 Jul 2008 15:58:50 GMT - Yahoo! News: Business - European Economy
    Wall Street rises on oil slide and financials (Reuters)

    Morning sunlight shines on the front of the New York Stock Exchange July 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rebounded on Tuesday, rising more than 2 percent on another sharp slide in oil prices and after Merrill Lynch's latest write-down and share sale hinted at a possible turning point in the credit crisis.


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    Tue, 29 Jul 2008 20:35:18 GMT - Yahoo! News: Business - European Economy
    European stocks fall as banks slide (AFP)

    A trader standing in front of an index board at the stock exchange in Frankfurt in March 2008. Europe's main stock markets fell, hit by losses to banking shares after overnight declines on Wall Street.(AFP/DDP/File/Martin Oeser)AFP - Europe's main stock markets fell on Tuesday, hit by losses to banking shares after overnight declines on Wall Street.


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    Tue, 29 Jul 2008 11:05:38 GMT - Yahoo! News: Business - European Economy
    London shares close higher (AFP)

    Blue chips closed firmer amid gains on Wall Street as the price of crude fell, and as UK banks clawed back some of their earlier losses.(AFP/File/Shaun Curry)AFP - Blue chips closed firmer on Tuesday, amid gains on Wall Street as the price of crude fell, and as UK banks clawed back some of their earlier losses.


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    Tue, 29 Jul 2008 16:32:44 GMT - Yahoo! News: Business - European Economy
    Wall St gains on lower oil, higher confidence (Reuters)

    Morning sunlight shines on the front of the New York Stock Exchange July 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose more than 1 percent on Tuesday as a drop of over $3 in the price of oil and data showing a rise in consumer confidence reduced worry about inflation and consumer spending.


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    Tue, 29 Jul 2008 16:33:19 GMT - Yahoo! News: Business - European Economy
    Rising inflation hits German confidence (AP)
    AP - Consumer confidence in Europe's biggest economy slid for a third straight month, falling to a more than 5-year low as higher energy prices, growing fears of a recession and concern about the global economy bothered German shoppers. -- read full article
    Mon, 28 Jul 2008 12:08:42 GMT - Yahoo! News: Business - European Economy
    British economy closer to recession after weak growth data (AFP)

    A construction crane in central London. Britain's economy has come closer to a recession after official data showed it had slowed further during the second quarter as the construction and manufacturing industries weakened.(AFP/File/Carl de Souza)AFP - Britain's economy came closer to a recession on Friday after official data showed it had slowed further during the second quarter as the construction and manufacturing industries weakened.


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    Fri, 25 Jul 2008 09:32:54 GMT - Yahoo! News: Business - European Economy
    British economy slows further in second quarter (AFP)

    A construction crane in central London. Britain's economy grew 0.2 percent in the second quarter compared with the first three months of 2008 -- the slowest pace for more than three years, official figures have shown.(AFP/File/Carl de Souza)AFP - Britain's economy grew 0.2 percent in the second quarter compared with the first three months of 2008 -- the slowest pace for more than three years, official data showed on Friday.


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    Fri, 25 Jul 2008 08:44:33 GMT - Yahoo! News: Business - European Economy
    European stocks return to slippery slope (AFP)

    A motorist holds a fuel pump at a service station in the eastern German city of Dresden, June 2008. A brief surge for Europe's main stock markets has come to a halt, with share prices falling again as heavyweight energy stocks tumbled in London amid cooler oil prices.(AFP/DDP/File/Norbert Millauer)AFP - A brief surge for Europe's main stock markets came to a halt on Thursday, with share prices falling again as heavyweight energy stocks tumbled in London amid cooler oil prices.


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    Thu, 24 Jul 2008 11:01:18 GMT - Yahoo! News: Business - European Economy
    European stocks race higher, banks and autos shine (AFP)

    A stock trader observes the developments in the stock market in Frankfurt, March 2008. Europe's main stock markets rallied, led by the banking and auto sectors, after an overnight rally on Wall Street helped by falling oil prices that also lifted Asian share prices.(AFP/DDP/File/Thomas Lohnes)AFP - Europe's main stock markets rallied on Wednesday, led by the banking and auto sectors, after an overnight rally on Wall Street helped by falling oil prices that also lifted Asian share prices.


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    Wed, 23 Jul 2008 10:45:22 GMT - Yahoo! News: Business - European Economy
    EU condemns Bulgaria over corruption, freezes funds (AFP)

    Bulgarian Prime Minister Sergei Stanishev speaks during a press conference in the town of Varna some 500 kms east from the capital Sofia. The European Commission condemned Bulgaria on Wednesday for its failure to tackle corruption and bad management of EU funds and said it has frozen hundreds of millions of euros in aid money.(AFP/BGNES)AFP - The European Commission condemned Bulgaria on Wednesday for its failure to tackle corruption and bad management of EU funds and said it has frozen hundreds of millions of euros in aid money.


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    Wed, 23 Jul 2008 17:10:33 GMT - Yahoo! News: Business - European Economy
    Economy - Tuesday (Investor's Business Daily)
    Investor's Business Daily - In an effort to rescue the Doha round of trade talks, Trade Representative Susan Schwab said the U.S. offered to slice its trade-distorting farm aid by an additional $1.4 bil to $15 bil. The offer is contingent on Brazil, India and other emerging economies cutting tariffs on industrial goods, a key demand of rich nations in the World Trade Organization's seven-year-old talks. Emerging countries want the U.S. cap set near $12 bil. The EU and Japan also offered steep cuts. Rising prices cut U.S. spending on farm subsidies to roughly $7 bil last year, below the $48.2 bil allowed under WTO rules. -- read full article
    Tue, 22 Jul 2008 22:41:03 GMT - Yahoo! News: Business - European Economy
    U.S. offers farm subsidy cut, is asked for more (Reuters)

    World Trade Organization (WTO) Director-General Pascal Lamy (R) sits next to Australia's Ambassador to the WTO Bruce Gosper, as he opens an informal session of the Trade Negotiation Committee at the WTO in Geneva July 21, 2008. REUTERS/Denis BalibouseReuters - The United States offered on Tuesday to cut its ceiling on trade-distorting farm subsidies to $15 billion in a bid to close world trade talks this year, but leading developing countries said it was not enough.


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    Tue, 22 Jul 2008 14:41:08 GMT - Yahoo! News: Business - European Economy
    European markets slump on Vodafone, Ericsson news (AFP)

    A trader speaks over the phone at the Frankfurt Stock Exchange in 2005. European equities were lower with the telecommunications sector under selling pressure after mobile phone giant Vodafone warned over its sales outlook and Ericsson posted slumping profits.(DDP/AFP/File/Martin Oeser)AFP - European equities slid on Tuesday, with the telecommunications sector under selling pressure after mobile phone giant Vodafone warned over its sales outlook and Ericsson posted slumping profits.


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    Tue, 22 Jul 2008 12:11:52 GMT - Yahoo! News: Business - European Economy
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