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U.S. markets recover from steep losses
LONDON, Nov. 26 (UPI) -- Britain could lose 50,000 jobs due to a bribe disagreement with Saudi Arabia, The Sun reported.
The Saudis are reportedly threatening to ditch a significant contract to buy British jetfighters, and give the order to France instead.
The Saudis are reportedly furious over an investigation into an alleged slush fund, said to have been set up by aerospace and defense company BAE Systems to bribe the Saudi royal family.
BAE head Mike Turner said the contract for 72 Eurofighter Typhoon jets could be lost.
"This has been going on long enough," Turner said. "The risk is thousands of jobs will go to France instead of Britain. This is not just a matter of trade. Saudi Arabia is an important ally."
The slush fund allegations have been denied on both sides, the Sun reported.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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