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RBS boss apologises over losses
Royal Bank of Scotland (RBS) chairman, Sir Tom McKillop, says he is "profoundly sorry" for the bank's financial difficulties.
Oil price goes below $50 a barrel
Oil prices have fallen below $50 a barrel amid growing fears over a global recession and lower demand for oil.
Recession fears hit stock markets
World stockmarkets falter amid growing concerns that the world economy is entering a protracted downturn.
Retail sales bring scant comfort
Sales on the UK's High Streets fell by a lower-than-expected 0.1% in October, Office for National Statistics figures show.
Rolls-Royce plans 2,000 job cuts
Aircraft engine maker Rolls-Royce says it plans to cut between 1,500 and 2,000 jobs in 2009, including 140 in the UK.