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'Macron sees high earners as key to getting the French economy moving again'

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IN THE PRESS

'Shut Up and Drive': Saudi's paradoxical stance after female activists arrested

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BUSINESS DAILY

$2.3bn for two million songs: Sony buys majority stake in EMI

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EYE ON AFRICA

Burundi approves new constitution allowing president to extend time in power

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THE DEBATE

Populist takeover: Italy approves unprecedented coalition

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Young Nicaraguans lead protests against President Ortega

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Music show: Opera singer Lawrence Brownlee, Snow Patrol & Natalie Prass

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TALKING EUROPE

EU Commissioner Johannes Hahn: 'Either we export stability, or we import instability'

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TALKING EUROPE

From Italy to Cyprus via Hungary: A look back at key events in Europe

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Business

Markets ignore Obama fever, Dow Jones slides by more than 4%

Latest update : 2009-01-20

For the US markets, banking woes were stronger than the optimism surrounding the inauguration of Barack Obama as the 44th president. The Dow Jones Industrial Average slid 4.01 percent and the Nasdaq sank by 5.78 percent.

AFP - US stocks plunged Tuesday as renewed fears about the global banking sector offset optimism surrounding the inauguration of Barack Obama as the 44th president.
  
The Dow Jones Industrial Average slid 332.13 points (4.01 percent) to 7,949.09 at the closing bell, slipping below the key level of 8,000.
  
The Nasdaq composite sank 88.47 points (5.78 percent) to 1,440.86 and the broad Standard & Poor's 500 index lost 44.88 points (5.28 percent) to a preliminary close of 805.24.

Date created : 2009-01-20

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