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never was a business better named. After two decades of fruitless rescues and recoveries, the French government has just bailed out yet again its national computer software champion, Bull - this time with a state subsidy of pound sterling217m.

The latest loan, greeted with a sigh of resignation right across the French business community, is reckoned to bring the total of taxpayers' cash wasted in the drive to turn Bull into a global leader to pound sterling9.43bn, easily enough to build 50 new hospitals or plug the national pension fund shortfall.

Bull's pri

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