The Independent

Saturday, November 21 2009

Business

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ECB tightens collateral to ensure ‘high’ standards

The European Central Bank (ECB) tightened the rules for the collateral it accepts for loans as it tries to restore the "proper functioning" of markets and prepares the ground to unwind emergency liquidity measures next year.

Inside Business

Cost of living survey

Winners and losers: Pensioners

AS if swine flu, the onset of a bitter winter, and shattered pension fund values weren't enough, the State's pensioners saw their cost of living fall at a much slower rate than almost everyone else, according to the survey.

Border shoppers Cecily Leonard, Breda Heaney and Samantha Byrne from Dublin shopping in Sainsbury's in Newry. Photo: David Conachy

Border shopping: the price is right

FOR certain folk, the long-awaited opening of IKEA in Ballymun may have removed the only incentive to take a shopping trip across the border, but it's clear that the North remains a mecca for many shoppers in the Republic.

James Murdoch: 'Structurally, television is vastly more profitable and a big opportunity.' Photo: Getty Images

James Murdoch signals reduced role for his family's newspapers

James Murdoch, annointed heir to his father's media conglomerate, News Corporation, signalled that the family love affair with newspapers is coming to an end and the business will shift its focus to television and entertainment in the future.