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    Last update: December 22, 2009

    +Credit crunch hit markets
      London's main share index closes down 135 points and the Dow sheds 205 as fears re-emerge.

    +Taxpayer lifeline to Northern Rock rises to £23bn
      Northern Rock has increased its borrowing from the Bank of England by £2.2bn to almost £23bn, according to Bank of England figures today. By Phillip Inman.

    +CBI survey shows high street slowdown
      Retail sales growth in October slowed to its lowest rate for almost a year as consumers continued to feel the pinch from higher interest rates. By Angela Balakrishnan.

    +Oil hits another new high
      Surge to $96.24 comes after fall in US reserves. By Graeme Wearden.

    +Kingfisher chief executive stands down
      Gerry Murphy makes surprise announcement he is to leave the B&Q-owner. By Julia Finch and Fiona Walsh.

    +Banker loses 'Germanification'case
      An investment banker who claimed he was pushed out of his £2.2m-a-year job at Dresdner Kleinwort because he was not German or German-speaking has lost his employment tribunal case. By Katie Allen.

    +Sexist attitudes prevail in Silicon Valley
      Silicon Valley's male techies have lambasted a report that reveals Apple and many other leading hi-tech companies have no women in senior management roles or on the board. By John Sterlicchi.

    +BG joins energy price row
      Key UK gas producer says it is 'part of the solution'rather than part of the problem. By Terry Macalister.

    +BT loses 'e-borders'contract to US defence group
      BT is believed to have lost out in the race for the government's £500m contract to connect airports and ports to a central IT infrastructure as part of the Home Office's 'e-borders'scheme. By Richard Wray.

    +Viewpoint: Getting past the checkout is a breeze for Tesco
      There were wide grins on the faces of the supermarket group's top brass when the Competition Commission report was published.

    +Fed cuts rates to 4.5%
      Federal Reserve brings much-needed relief to crumbling US housing market by cutting interest rates for the second time. By Angela Balakrishnan.

    +AstraZeneca hit by new generic challenge
      Canadian company Cobalt Pharmaceuticals said it was seeking US approval to sell a copycat version of the cholesterol treatment Crestor, one of AstraZeneca's best-selling drugs. By Marianne Barriaux.

    +Royal Mail defends bonuses
      Chief executive Adam Crozier gets £469,000 bonus for record service levels in year when profits fell by a third. By Mark Milner.

    +BMW targets Facebook generation
      On Europe: The German car-maker will turn its traditional old-new media advertising split on its head with the marketing campaign for its latest model. By David Gow.

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