Zoom Airlines suspend all flights

Transatlantic budget carrier Zoom Airlines suspends all operations after applying to go into administration.

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Oil price slides on profit taking

Oil prices fallen as traders take profits - but prices are expected to rise as Tropical Storm Gustav approaches the Gulf of Mexico.

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EU concern over phone bill trend

Some mobile phone operators across Europe have been rounding up call durations to leave customers with higher bills, the European Commission says.

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US GDP rebounds with 3.3% growth

The US economy grew 3.3% in the second quarter of 2008, the Commerce Department said, much higher than first thought.

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UK retail sales ‘at record low’

A CBI report on UK retail sales posts its worst monthly reading since it was first compiled 25 years ago.

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Czech firm plans giant wind farm

Czech power firm CEZ is to build what it says will be Europe’s largest onshore wind farm, in a £1.1bn-euro project.

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Profits tumble at retailer Sears

US retail group Sears reports a 62% drop in second-quarter profits after struggling to attract customers.

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Zoom flights ‘grounded over fees’

Flights between Glasgow and Canada are disrupted after Zoom Airline planes are grounded over alleged non-payment of fees.

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Higher rate savings accounts grow

More savings accounts with interest matching or topping the base rate are available than in previous years.

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Henderson to leave UK tax regime

UK investment fund Henderson Group says it is setting up a new Irish parent firm to cut its tax bill.

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