Europe cuts rates as U.S. consumers hit by crisis (Reuters)

A man passes a London newspaper advertising board in front of a shop holding a closing-down sale in central London November 6, 2008. (Toby Melville/Reuters)Reuters - Britain and Europe slashed interest rates on Thursday amid recession fears deepened by some of the worst U.S. retail sales in decades and an IMF forecast for an economic contraction not seen since World War Two.


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