In an exclusive interview with FRANCE 24, Lord Adair Turner, Chairman of the UK Financial Services Authority (the UK market regulator) said the debt crisis in Dubai is "a normal adjustment process… and expected".
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European banks were hit by concern about potential exposure to debt problems in Dubai on Thursday. Companies where Middle Eastern investors own big stakes also came under pressure.
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Dubai has insisted that its suspension of debt repayments at government-owned Dubai World was "carefully planned" as global market stocks fell amid fears of a massive payment default.
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Science series. Jimmy Doherty investigates food producer trickery. He turns pork into square sandwich ham and tries to artificially ripen bananas.
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Swedish luxury carmaker Koenigsegg said Tuesday it was giving up its bid to acquire Saab from its US parent company General Motors, saying costly delays made the deal too uncertain.
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French securities regulator AMF begins hearings over alleged insider trading at the European aerospace giant EADS Monday. The company is accused of misleading investors by concealing information of delays in its A380 project.
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Click looks at powering gadgets using solar energy, it highlights a clever trick to shut down Vista in a jiffy, plus a round-up of the new games hitting the shops for Christmas.
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With the cost of assisted living running close to $3,000 a month, technology that helps older folks remain in their homes offers huge potential savings. MarketWatch’s Amy Hoak visits a prototype home where the latest technology is on display.
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