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Friday July 18, 2008

News

Chambers fails in Olympic bid

British 100-metre sprinter Dwain Chambers failed today in his High Court bid to get an injunction to temporarily lift his lifetime ban and enable him to represent Britain in the Olympics. Chambers, 30, was banned for life in 2003 by the British Olympic Association after he failed a drug test... [continued]

Treasury to relax Brown’s rules

The Treasury is considering breaking Gordon Brown's so-called 'fiscal rules', which he laid down as a Chancellor with a reputation for 'prudence', it has been claimed. While Treasury officials have denied reports that the requirement for public sector borrowing to be kept below 40 per cent of the economy... [continued]

Gore: US must ditch oil within next decade

Former US vice-president, and winner of a Nobel prize, Al Gore has urged America to abandon electricity generated from fossil fuels within the next ten years in a speech in Washington. Comparing the challenge to that of putting a man on the moon in the 1960s, Mr Gore said there... [continued]

 

Unions discuss ‘1970s’ demands

The general secretaries of several trade unions are to discuss a list of 130 demands with cabinet office minister Ed Miliband and other senior ministers today. The 130 amendments, which have been tabled to be put to Labour's national policy forum next week, include the right to take supportive strike... [continued]

Army boss hails compensation rise

The head of the Army has welcomed the news that the maximum level of compensation payable to injured soldiers is to be doubled as "a very good start". General Sir Richard Dannatt said he welcomed all the measures in the Government's Command Paper, which include letting some soldiers jump NHS... [continued]

Wife ‘wished canoe man was dead’

Anne Darwin has continued her defence of marital coercion after her husband admitted faking his own death in a canoeing accident. In the witness box for the first time yesterday, she told Teesside crown court that during the deception she had wished her husband really had drowned, and had contemplated... [continued]

Gas bills to rise 70 per cent

Domestic gas bills could rise by 70 per cent to hit an average of £1,000 in the next few years, according to a report conducted for British Gas by a group of independent experts. Consumers have already suffered a 15 per cent increase this year, but the Norwegian experts are... [continued]

Business news

Merrill losses dwarf estimates

Merrill Lynch is to raise $8bn of fresh capital after it announced quarterly losses that dwarfed the sums expected by financial analysts. The bank revealed it had write-downs of $9.7bn while most analysts had expected  the figure to be $6bn at most. As a result of these bad debts, Merrill... [continued]

Individuals shun Barclays sale

Barclays bank has raised £4.5bn from investors to shore-up its stricken finances, but the only one fifth of the stock on offer was bought by ordinary shareholders. Instead, the bulk of the stock went to overseas and institutional investors, with Qatar, China and Singapore in the vanguard. Barclays is... [continued]

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