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Another 1,350 jobs were cut or threatened with the axe today as HSBC, Aston Martin and Halfords responded to the economic downturn.

Sterling suffers its sharpest one day fall against the dollar since crashing out of the Exchange Rate Mechanism in 1992.

Ford is prepared to sell one of its most famous car marques, Volvo, in the most distressed market for decades in order to convince Washington that it deserves to be bailed out with a $25 billion emergency loan.$

Total, the French oil giant, and four other companies are facing criminal prosecution over Britain's biggest peacetime explosion, the Environment Agency said today.

Shoppers are likely to get the benefit of lower VAT rates when buying big-ticket items, BBC research suggests.
Banking group HSBC confirms it is cutting 500 jobs across the UK, following a review of the business and the current economic conditions.
Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.
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