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Updated: 1 year 47 weeks ago
Canadian car parts maker Magna International is the preferred bidder for GM Europe, owner of Opel and Vauxhall, Lord Mandelson has said.
Oil prices hit a six-month high above $66, buoyed by falling US stockpiles and revised US first-quarter GDP figures.
Profits at India's Tata Motors fall by 50% as the global economic slowdown hits demand for cars and trucks.
The US economy shrank by 5.7% in the first quarter of 2009, less than had previously been estimated by official figures.
The Irish government announces it will inject 4bn euros into Anglo Irish Bank after the lender reported big half yearly losses.
A child's income is vital for families in Bangladesh
Worldwide server sales fell 24.5% in the first quarter of 2009, according to market research firm IDC.
Prices in the eurozone stopped rising in May, with the official inflation rate 0.0%, fuelling fears of impending deflation.
Japan's factory output jumps at its fastest rate in more than 50 years, but higher unemployment dampens hopes of recovery.
Rising bad debt among customers and firms using less water in the recession push Severn Trent's annual profits down 6%.
House prices rose by 1.2% in May offering evidence of activity in the housing market, according to figures from the Nationwide.
Irish Prime Minister Brian Cowen says people can begin to have confidence about the future of the country's economy.
India's economy slowed to annual growth of 5.8% in the first three months of the year, which was better than expected.
Blacks Leisure reports an annual pre-tax loss of £14.4m after "difficult" trading conditions on the High Street.
Oil prices rally towards $65 a barrel for the first time since November after a decline in US stockpiles.
The White House confirms that the US will host the next G20 summit of world leaders in September.
General Motors and the US Treasury improve the offer to GM's bondholders, as they prepare for the firm's bankruptcy.
French fashion house Christian Lacroix SNC launches insolvency proceedings, it is confirmed.
Talks about the future of Opel and Vauxhall break down after more details emerge of the amount of extra cash it needs.
Toys R Us says it has bought FAO Schwarz, the oldest toy retailer in the US.