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Wednesday October 8, 2008

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Global rate cuts follow £50bn bank rescue plan

Gordon Brown announced a shock 0.5 per cent cut in interest rates at Prime Minister's Questions today. The Bank of England reduced its rate  from 5 per cent to 4.5 per cent as other banks including the US Federal Reserve and the European Central Bank also trimmed their rates by... [continued]

PM vows to help Icesave depositors

Gordon Brown announced this morning that the Government will take legal action against Icesave to help British savers get their money back. More than 300,000 British customers of Icesave face losing substantial amounts of their savings following the collapse of the Icelandic bank yesterday. British customers, who had... [continued]

Obama gives strong performance as economy dominates debate

John McCain's faltering presidential campaign suffered a further blow last night when Barack Obama delivered a strong performance in the rivals' second televised debate, with initial polls judging the Democratic candidate the winner. While the recent mud-slinging that has dominated the campaign in recent days was absent, the... [continued]

Karzai’s brother denies drug claims

The brother of Aghanistan's president Hamid Karzai has hit out at allegations that he is involved in the country’s narcotics trade. Ahmed Wali Karzai yesterday summoned journalists to his Kandahar home yesterday to argue that the United States has tried to push him into exile over the allegations. These were... [continued]

De Menezes: mix-up ‘still possible’

Another innocent person could be shot dead like Jean Charles de Menezes, the inquest into his death has heard. Deputy Assistant Commissioner Cressida Dick, who headed the operation to catch would-be suicide bombers who had targeted the London Underground network on July 21 2005, faced cross-examination about the Brazilian’s shooting... [continued]

Judge orders release of Guantanamo inmates

A US federal judge has ordered the release of 17 Guantanamo Bay inmates, in a ruling that will be seen as a blow to the Bush administration. The men, all Chinese Muslims, are seeking their release after seven years from the US military prison into the United States.... [continued]

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