UNITED KINGDOM

Terra Firma Buys UK's Garden Centre Group For £276M

Guy Hands
Terra Firma Capital Partners announced on Monday plans to acquire The Garden Centre Group from Lloyds Banking Group PLC for £276 million ($438 million) and rejuvenate the U.K.'s largest specialist retailer in gardening and plant products after years spent under the control of debtors.
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Medvedev and Putin

Russia Hardens Stand on Assad; Says Annan’s Offer Is Syria’s Last Chance

Russian President Dmitry Medvedev extended complete support to the UN-Arab League envoy in Syria, saying that Kofi Annan's resolution represented the last chance for preventing the violent insurgency from turning into a civil war. Medvedev's strong message to Syrian President Bashar al-Assad came close on the heels of US President Barack Obama announcing his plans to send non-lethal aid to the Syrian opposition.
Gasoline prices are shown at a gas station in Del Mar, California

Will Obama Release Oil From Strategic Reserve to Control Gas Prices?

With political pressures mounting, talk about the release of the strategic oil reserves has come back. Will the President decide to release the country's reserves in a last gasp effort to stem the gas price spike? And if he does, what kind of impact will it have on prices?
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Cash Mobs gather to splurge in locally owned stores

Flash mobs have been blamed as a factor in looting during urban riots. But now a group of online activists is harnessing social media like Twitter and Facebook to get consumers to spend at locally owned stores in cities around the world in so-called Cash Mobs.
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James Murdoch severs all ties with UK newspapers

James Murdoch has severed all ties with News Corp's British newspaper business, which is at the centre of multiple investigations over phone and computer hacking and bribery, according to regulatory filings.
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Lockheed welcomes Norway backing of F-35 fighter

Lockheed Martin Corp on Friday welcomed news that Norway planned to increase its order for F-35 Joint Strike Fighter jets by four planes, and was considering pulling forward the delivery of two initial training jets by one year to 2015.
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Web address controversy deepens after U.S. warning

A controversial attempt to expand Internet addresses far beyond the likes of .com, .org or .net has provoked a rare threat from the U.S. government to withdraw a key license from the body that runs the Internet's core functions.
Workers wait in front of the Opel plant of Bochum

Opel May Close Two European Factories - Reports

Rumors of factory closings swirl around General Motors Co.'s German subsidy Opel, even as the company leads the way in sales of its electric Ampera, the European version of the Chevy Volt.
Ben Bernanke

This Week’s Economic Events: Bevy Of Fed Speakers

This week - March 26 to 30 - will highlight Wednesday's durable goods report and a busy policy calendar, including the core of the Federal Open Market Committee: Chairman Ben Bernanke and New York Fed President William Dudley. Wall Street will be closely monitoring the Fed officials' speeches, hoping to find clues of their latest views on the economic, inflation and policy outlooks.
Stamps

Stamp Firm Stanley Gibbons Sees Olympics, Royal Boost

British stamp-collecting firm Stanley Gibbons reported a jump in profit and said it expects to benefit from enthusiasts buying memorabilia commemorating the Olympics and Queen Elizabeth's Diamond Jubilee this year, with its order book at record levels
Unleaded petrol

UK Gas Prices Reach Record High

Figures from industry analysts Experian Catalist showed drivers were paying an average £1.42 a liter, as fears over Iranian supplies have seen the price of crude oil soar more than 12 percent since January.
Coup leaders in Mali, captured from TV image, Thursday, March 22, 2012

Mali Coup Leaders Steer Clear Of Economic Upheaval

Although leaders of the military coup in Mali appear to be rounding up and jailing potential opponents among politicians and policymakers, they seem to be trying to minimize disruptions to the economy and daily life, leaving in place government ministers in charge of finance, trade and industries.

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