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The Guardian - UK
The Guardian - UK
Business

Week in business

Week in business: Fort McMurray, Alberta, Canada
The successful development of Canada's tar sands has triggered a rush by Shell and other oil companies to set up similar operations in Russia, Congo and Madagascar
Photograph: Orjan F Ellingvag/ Dagens Naringsliv/Corbis
Week in business: Oil spill in the Gulf of Mexico
Ocean scientists in the Gulf of Mexico have found giant plumes of oil coagulating at up to 1,300 metres below the surface, raising fears that the BP oil spill may be much larger than thought
Photograph: Gerald Herbert/EPA
Week in business: Flags fly outside the General Motors world headquarters building in Detroit
The Detroit-based automotive empire General Motors has bounced back from the brink of financial oblivion to achieve its first profit for almost three years
Photograph: Bill Pugliano/Getty Images
Week in business: Fabio Capello during an England training session
Financial analysts at JP Morgan have crunched the numbers and predicted that England will win this year's World Cup in South Africa
Photograph: Michael Regan/Getty Images
Week in business: Viagra pills made by Pfizer
America's largest drugs company Pfizer is to cut hundreds of jobs in Britain and Ireland following a $68bn (£47bn) merger with rival pharmaceuticals firm Wyeth
Photograph: AFP/Getty Images
Week in business: A man leaves the Prudential offices in central London
Prudential's chief executive Tidjane Thiam has three weeks to persuade City investors to back the £14.5bn cash call needed to take over Asian rival AIA
Photograph: Paul Hackett/Reuters
Week in business: Shoppers walk past Boots the Chemist
Andy Hornby, the disgraced former HBOS chief and present CEO of Alliance Boots, reported that trading profits at the pharmacy giant had soared through £1bn
Photograph: Graeme Robertson
Week in business: A model of Toyota Motor Corp.'s Lexus HS250h hybrid vehicle
Toyota recalled 4,500 Lexus vehicles in Japan to fix a computerised steering problem, with another 7,000 vehicles overseas also likely to be affected
Photograph: Bloomberg/Getty
Week in business: Cadbury chocolate is posed next to a box of Kraft's Stove Top
The billionaire investor Warren Buffet has cut his shareholding in the US food manufacturer Kraft after voicing criticism of the company's $19.5bn (£13.5bn) takeover of Britain's Cadbury
Photograph: Paul Sakuma/AP
Week in business: Landscape of sea ice in the Chukchi Sea
Shell pushed ahead with plans to drill in the Arctic Sea this summer, defying calls for a moratorium on such offshore exploration following the Gulf oil disaster
Photograph: Steven J Kazlowski/Alamy
Week in business: unloungers remain empty on a beach on the island of Lesbos, Greece
The Greek economy suffered another blow when figures showed a dramatic decline in hotel bookings and the country's deputy tourism minister resigned
Photograph: Uriel Sinai/Getty Images
Week in business: A Yellow Pages telephone directory
John Condron, who has led Yell, owner of Yellow Pages classified business directories, for the past 16 years, shocked the City by announcing his retirement
Photograph: Ian Waldie/Getty Images
Week in business: Traders work in front of a board displaying German share index DAX
Germany's sudden crackdown on currency speculators led to sharp falls in shares and wild swings in the euro
Photograph: Thomas Lohnes/AFP/Getty Images
Week in business: Liberal Democrats Shadow Home Secretary Chris Huhne
Leaders of the nuclear industry are concerned Chris Huhne will not provide the support needed for their £30bn investment in a new generation of reactors
Photograph: Oli Scarff/Getty Images
Week in business: Chancellor of The Exchequer George Osborne
George Osborne will use next month's budget to announce a five-year plan to cut corporation tax
Photograph: Peter Macdiarmid/Getty Images
Week in business: The Leadenhall building, London
Building cranes have reappeared on the City skyline, stirring hope that the long-awaited commercial property revival is under way
Photograph: PR
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