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Pressure off Thomas Cook as it secures £100m loan
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[Evening Standard] - Crisis torn travel firm Thomas Cook earnt some breathing space today, negotiating a new £100 million bank loan that should see it through the winter. The battered shares rallied 15% on the news, though they remain a shadow of their former selves.
FTSE 100 resilient as watch kept on Europe
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[Financial Times] - UK stocks surged to their strongest rises for more than a fortnight to cement a fourth week of FTSE 100 gains as Thomas Cook led the mid-caps higher after striking a deal with its lenders over new debt facilities.
Nobel winner's work did not stop at 'rational expectations'
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[Financial Times] - Sir, John Kay, in “The random shock that clinched a brave Nobel prize” (October 19), writes that most economists would associate Thomas Sargent with “rational expectations”, then cites Willem Buiter claiming that the macroeconomics in which Professor
Germany seeks to slash EADS aircraft orders
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[Financial Times] - In a confidential document, seen by the Financial Times, the defence minister Thomas de Maiziere says he wants to cut Germany's orders for the Eurofighter Typhoon fighter jet, the A400M transporter, and the Tiger attack and NH-90 transport helicopters.
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