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Recession fears hit stock markets
European and Asian markets fall sharply on fears that the world economy will enter a protracted slump.
Microsoft ends Yahoo buyout talks
Microsoft's boss tells the firm's annual general meeting that it is no longer looking to buy Yahoo.
Rolls-Royce plans 2,000 job cuts
Aircraft engine maker Rolls-Royce says it plans to cut up to 2,000 jobs in 2009, including 140 in the UK.

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