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Thursday, January 21, 2010

Cadbury chocolate takeover deal.

Gordon Brown has been criticised after it was revealed the taxpayer-owned Royal Bank of Scotland is funding the takeover of Cadbury by a US company.

(18 January, 2010)  British chocolate-maker Cadbury has been swallowed up by the US food giant Kraft for just under $20 billion.

Kraft has been trying to take control of Cadbury for some time now, and this improved offer seems to have sealed the deal.

Tuesday, January 19, 2010

IMF head in 'double-dip' global economy warning

Monday, 18 January 2010 | The International Monetary Fund head has warned that the global economy could experience another downturn - a so-called double dip recession.

Dominique Strauss-Kahn (picture) said countries should not exit from stimulus packages that have bolstered growth through huge amounts of government spending.

Monday, January 4, 2010

Greece faces New Year debt woes


With the global economy still struggling, the Greek government insists there is no danger of the country defaulting on its debt and needing a bail-out from partners in the euro zone.


It comes after panic hit the Athens stock exchange in December, when leading agencies downgraded Greeces credit rating after a sharp rise in the deficit.

Sunday, January 3, 2010

Zimbabwe eyes tourism revival


Zimbabweans are hoping a steady return of tourists will help jolt its economy towards recovery.With the Victoria Falls as one of its major attractions, the country had 1.4 visitors in 1999.

But numbers took a plunge in 2000 following unrest related to the land-redistribution policy implemented by President Robert Mugabe. Now they are slowly bouncing back, but the country still has a long way to go to become a major tourist destination again.