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Oil dives below $50, investor confidence sinks
London  
 
  Oil plunged below $50 a barrel on Thursday, deepening losses over the previous four sessions as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand.  
   

  Alwaleed to boost Citigroup stake to 5pc
New York
  Citigroup won a vote of confidence from Saudi Prince Alwaleed bin Talal, who said he plans to boost his stake in the group to 5 percent from less than 4 percent.     
   
  Rolls-Royce to slash jobs
London
  British engine maker Rolls-Royce  will shed between 1,500 and 2,000 jobs worldwide next year and is already in talks to cut 140 posts in Britain where there has been a string of job losses in recent weeks.     
   

Time for a renaissance
Improving the standard of written Arabic is a matter not just for the literati but for social de
 
Hot topic
Hydrogen derived from natural gas is being proposed as a clean fuel. Can it deliver on such high
 
A new Babylon
The growing cities of the Gulf are stretching national resources to breaking point.
Is there
 
Pipeline politics
Iran seems increasingly ready to supply natural gas to its neighbours, but it is demanding a ste
 
Grand designs
Libya’s attempts to drive an ever-harder bargain with international oil companies may yet backfi
 
 
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