| Markets hit new lows on global job losses (Reuters) [14 mins][Washington, DC] Reuters - Fears of a deep, long global recession intensified on Thursday as markets hit new lows in alarm at reports of record U.S. job losses, oil prices plunging below $50 a barrel and worry that U.S. automakers would not get a bailout from Washington. | Governments scramble to protect jobs as losses mount (AFP) [30 mins] AFP - Governments scrambled to cushion the impact of the financial crisis Thursday with France launching a 20-billion-euro sovereign wealth fund and China unveiling a jobs protection plan as the car industry made huge new cuts. |
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