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BBC News - Business

BBC Business News

Dec 04, 2008 Europe's banks cut interest rate
The European Central bank has made its biggest ever cut, reducing the main lending rate.
Dec 04, 2008 New car sales plummet
Sales of new cars in the UK fell in November by 36.8% on the previous year, to 100,333 vehicles, the biggest monthly drop in 28 years.
Dec 04, 2008 Interest rates cut to 2%
The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level since 1951.
Dec 04, 2008 Auto union makes key concessions
The United Auto Workers union says it is willing to make key concessions to help the Detroit Three carmakers secure vital US government aid.
Dec 04, 2008 California's car crisis
A look at how the California car industry has been affected by the economic downturn.
Dec 03, 2008 Interest rates set for the chop
Interest rates are expected to be cut again when the Bank of England's Monetary Policy Committee announces its monthly review on Thursday.
Dec 03, 2008 Obama names commerce secretary
The US president-elect, Barack Obama has chosen the governor of New Mexico Bill Richardson to be his Commerce Secretary.
Dec 03, 2008 Ghana hopes to prosper from oil
Ghana has recently found substantial offshore oil reserves with hopes that the discovery will bring new wealth.
Dec 03, 2008 US carmakers publish rescue plans
Chrysler, Ford and GM have all submitted proposals to US Congress for loans of $34bn upon which their survival could depend.
Dec 01, 2008 RBS to delay repossessions
The Royal Bank of Scotland (RBS) has guaranteed not to repossess the properties of customers who fall behind on payments for at least six months.
Dec 01, 2008 Business owner on his VAT woes
One small business owner talks about the effect the government's 2.5% VAT cut, has had and will have on his firm.
Nov 30, 2008 Potential buyers line up for Woolworths
Leading supermarket names are reportedly among several interested bidders for Woolworths.
Nov 29, 2008 Opec oil output quota unchanged
Opec has decided to leave oil output unchanged after talks in Egypt following falls in the price of oil.
Nov 27, 2008 Air traffic falls for second month
International air traffic fell for a second month running in October according to the international air traffic association IATA.
Nov 27, 2008 Low Thanksgiving spending predicted
Americans are forecast to spend some $832 dollars on holiday-related shopping according to the National Retail Federation, the lowest spending since 2002.
Nov 27, 2008 Ex-UBS bosses forgo bonuses
Executives who were in charge of UBS when the bank ran-up tens of billions of dollars of losses, will not receive bonuses.
Nov 27, 2008 Gloomy times for the UK retailers
Currys and PC World are the latest High Street names to be hit by the economic gloom.
Nov 27, 2008 Woolworths enters administration
Administrators are to begin working at Woolworths after its board agreed to call them into the ailing UK retailer.
Nov 25, 2008 Energy companies 'abuse' direct debits
Gas and electricity customers are angry at being told to increase their direct debit monthly payments, despite being in credit.
Nov 25, 2008 Tories demand pre-budget debate
The Conservatives have demanded a full debate on the pre-Budget report.