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That, we learnt on Wednesday, was exactly what holding company Dubai World, the parent of Dubai’s chief coastal developer Nakheel, would get. Last year, Robert Lee, one of Nakheel’s executives, showed me a map of the future Dubai Waterfront as...

Campaigners blast Walker report on banks Trade unions, politicians and legal experts join assault on Walker reform proposals Sir David Walker: criticised for failing to go far enough on bank reform. Photograph: Rex Features Campaigners hoping Sir David Walker 's...

As the market went into freefall following debt problems in Dubai, the London Stock Exchange systems crashed for nearly three and a half hours, adding to the growing sense of anxiety among investors. A day after reporting falling profits because...

RBS chief executive Stephen Hester claimed there would be no more big cuts as he gave evidence to the banking inquiry being held in Holyrood...His comments came at the end of a month in which the largely state-owned RBS said...

While EU regulators did not name any specific company, Philips confirmed receiving a "statement of objections" from the commission. It also vowed to cooperate in the investigation. "Philips will study the statement of objections in detail and will prepare its...

Unemployment in Britain likely will continue to rise for "a while," Britain's chancellor of the exchequer said Thursday. The Times of London said Alistair Darling , the chancellor, told members of Parliament that despite the predicted increase, unemployment could be...