EXPENSIVE FUEL: The International Energy Agency said high crude prices had taken half a percentage point off GDP growth in 2002 and 2003
Higher oil prices have hurt the global economy and could further hamper growth, bolster inflation and increase unemployment over the next two years if prices stay at their current levels, according to a study by the International Energy Agency released on Monday.

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China's property industry is barely a decade old and its movers and shakers are not a great deal older.

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The US said Monday it would keep trade sanctions on Ukraine as the worst violator of copyright protection, while citing China and dozens of other countries for failing to stem piracy.

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Less than two weeks after he intervened to prevent drug maker Aventis SA falling into Swiss hands, France's finance minister is rolling up his sleeves to mold the destiny of another listed company, troubled engineering giant Alstom.

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■ Mobile Phones
Germany gets 3G services
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