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16 January 2010 07:33 am
Giorgio Armani will never sell his fashion empire and has no plans to hand over any of his workload, the 75-year old designer was quoted as saying on Saturday as his autumn/winter fashion shows kicked off.

08 December 2009 05:14 am
Six months is not enough time to restructure indebted state-controlled conglomerate Dubai World, the emirate's finance chief said on Tuesday, adding that it had enough assets to meet its obligations.

08 December 2009 02:25 am
Japan's cabinet on Tuesday agreed Y7,200bn in stimulus spending intended to shore up a fragile economic recovery with measures including support for employment, easier financing for smaller companies and promotion of environmental protection.

07 December 2009 06:56 am
Dubai World may be forced to sell overseas assets as part of its restructuring process, a top Dubai finance official conceded on Monday, but he said the government would not divest businesses to support the holding company.

07 December 2009 05:45 am
Dubai moved on Monday to ring-fence prized assets from the $26 billion debt restructuring of Dubai World, denting already fragile investor sentiment ahead of talks between the struggling conglomerate and key creditors.

07 December 2009 03:11 am
Confectioner Cadbury said on Monday it would post a formal response to Kraft's $16 billion (9.7 billion pound) takeover offer on December 14.

07 December 2009 02:40 am
The main stock exchanges in the United Arab Emirates (UAE) fell in early trading on Monday, with Dubai dropping by 2.86% and Abu Dhabi by 0.43%.

06 December 2009 07:51 am
The Dubai and Abu Dhabi stock markets recovered on Sunday amid an apparent return of confidence.

05 December 2009 09:19 am
The long-suffering U.S. jobs market improved significantly in November, as employers trimmed the fewest jobs of any month since the start of the recession, and the unemployment rate posted the biggest one-month decline in more than three years.

04 December 2009 07:00 am
Dubai World's decision to ask for more time to pay off its huge debt caused financial markets around the Middle East to tumble last week.

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