Word: default
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Dates: during 2000-2009
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...Starting in March, people who use the Microsoft system Windows 7, XP or Vista in Europe will be offered a choice of 12 different search engines, rather than just the already installed Microsoft browser, Internet Explorer. The company will also allow computer makers to set any browser as default, not just Explorer. (See TIME's computer covers...
...rating is the highest given by external credit rating agencies. It denotes a very low risk of credit default and means selling debt is cheaper for institutions considered financially sound...
...highest ranking executives globally"). Mohammed al-Shroogi, who headed Citi's United Arab Emirates operations, left in September. In late November, Dubai World, which is a for-profit development company controlled by the ruling family of the gulf state, indicated that it may have to default on a portion of its $60 billion in loans. The rush to Dubai has left Citi on the hook for billions of dollars of losses in the financially troubled gulf state. According to research firm Creditsights, Citi has made an estimated $5.9 billion in loans in the U.A.E., which includes Dubai as well...
...That surely irks the E.U., which is limited in the amount of help - or punishment - it can impose on Greece. Allowing the country to default, or to approach to the International Monetary Fund for emergency funds, would deal a huge blow to the credibility of the 11-year-old euro zone. Whatever financial concessions it can offer, therefore, will almost certainly come with stiff conditions. Greece may have little option but to accept...
...over the course of two years in the wake of life events such as losing a job or falling severely ill. While a homeowner is out of work, the loan is interest-free. In exchange, the state gains a legal right to the house should the owner default on his or her mortgage...