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Monday October 6, 2008

News

Markets fall sharply worldwide

Hopes that the markets would rally on Monday were dashed when the FTSE 100 closed 7.85 per cent down - its biggest percentage fall in a day since 1987. The sharpest drops were in the banking and mining sectors. Shares across Europe also fell. The German... [continued]

Merkel pledge puts pressure on UK

A pledge by the German chancellor Angela Merkel to guarantee savers' deposits has placed pressure on Gordon Brown to do the same. British officials are furious after Merkel, who joined Brown on Saturday in leading calls on European Union members to resist unilateral action, announced Germany would follow the leads... [continued]

Obama hits back at McCain’s ‘smear campaign’

Barack Obama has accused his Republican rival John McCain of a smear campaign, saying that he is more interesting in bringing the Democratic candidate down than fixing up the US economy. Obama hit back over accusations on Saturday by Sarah Palin in which the Republican vice-presidential candidate said... [continued]

Blair: Mandelson job a ‘no-brainer’

Peter Mandelson sought approval from Tony Blair before agreeing to return to government for a third time, it has emerged. The former Prime Minister told Mandelson that a political comeback as Gordon Brown's business secretary was a "no-brainer". Mandelson, who abandoned his role as EU trade commissioner to... [continued]

Johnson looks at Met race inquiry

Boris Johnson is considering an inquiry into concerns over racism in the Metropolitan Police after allegations made by the Metropolitan Black Police Association. Members of the Met BPA are planning a recruitment boycott which aims to discourage black and Asian potential recruits from applying to the force. They... [continued]

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