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U.S. markets recover from steep losses
LEIPZIG, Germany, Oct. 27 (UPI) -- German and French carmakers have said they would shut down plants temporarily in reaction to the economic slowdown.
BMW said it would halt production at a Leipzig, Germany, plant for four days, the EU Observer reported Monday. Daimler, makers of Mercedes brand, said it would cut production for as long as five weeks, the report said.
In France, Renault and Peugeot-Citroen also announced production cuts.
Renault said it would also close several plants temporarily in France and Romania. Peugeot-Citroen said it was cutting back its production goals 30 percent, the Observer said.
European financial firms are continue to show weakness, the report said. In Germany, two banks, West LB and HSN Nordbank, applied for government assistance, the Observer said
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ERBIL, Iraq, May 24 (UPI) --
Plans for Iraq's semiautonomous Kurdish enclave to build an oil pipeline to Turkey points to a major political and economic realignment in the Middle East that will impact heavily on Iraq.
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SEATTLE, May 24 (UPI) --
The flight decks and avionics of the U.S. and NATO Airborne Warning and Control System aircraft fleet will be modernized under a $368 million Boeing contract.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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