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GM plunges to $15.5bn loss |
General Motors lost a towering $15.5bn in the second quarter as it was hammered by falling sales in its core North American market and a dramatic shift from big pick-up trucks and sport-utility vehicles to more fuel-efficient but less profitable cars.
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Plea by PM at talks on oil price |
Gordon Brown has called for a "new deal" on energy at talks in Saudi Arabia on the high price of oil.
The prime minister wants oil producers to invest in a £100bn drive towards long-term energy projects in Britain, such as wind farms and nuclear power.
At the Jeddah Energy Meeting, Mr Brown also pressed for an increase in oil production to help bring down prices.
The Conservatives said Mr Brown did not understand the oil market. The Lib Dems accused him of a "futile gesture"...
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Saudi oil price summit under way |
A crucial meeting of oil producing and consuming nations to discuss soaring prices is under way in Saudi Arabia.
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Students: Customers or learners? |
Should university students be seen as learners or customers?
While you might argue they are both, the dividing line... |
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Fuel move boosts Chinese shares |
Chinese shares have closed 3% higher after the government raised energy prices in an effort to cool the nation's rising energy consumption.
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