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Monday October 27, 2008

News

Osborne admits mistake in donor row

Shadow chancellor George Osborne has admitted he made a mistake in the way he handled his meetings with the billionaire Russian oligarch Oleg Deripaska in Corfu. Osborne, who was accused more than a week ago by billionaire hedge fund chief Nat Rothschild of soliciting a £50,000 donation for... [continued]

Global markets tumble in face of deep worldwide recession

European markets plunged in morning trade today, on the back of sharp falls in Asia. The promise of another round of interest rate cuts was not enough to stem the slide, amid fears of a deep worldwide recession. At one point London's FTSE 100 tumbled by 5.6 per cent... [continued]

PM defends plans to boost spending

Gordon Brown is expected to defend plans to increase public borrowing and spending as the only "responsible" way to tackle the economic crisis, in a speech later today. The Prime Minister will say that the Keynesian principle of increasing public spending and fast-tracking major projects is the right strategy to... [continued]

British Prime Minister Gordon Brown

US raid kills eight in Syria

Syria has condemned the "aggressive" attack by US special forces along the Iraqi border, which saw eight people killed yesterday. American military helicopters are believed to have raided a farm in near Abu Kamal, five miles from the border. The dead, who are understood to include four children, were all... [continued]

Defiant McCain insists he can win

John McCain dismissed huge poll figures that show significant leads for his rival Barack Obama to claim that he is still well-placed to win next week's presidential election. In a defiant interview on NBC's Meet the Press, the Republican candidate said that he believed the race was heating up, and... [continued]

Mandelson denies oligarch favour

Lord Mandelson was yesterday forced to issue a new denial that he granted favours to the Russian oligarch Oleg Deripaska when he was European trade commissioner. It emerged over the weekend that only a month after Mandelson had accepted hospitality on the aluminium magnate's £80m yacht in Corfu, he advocated... [continued]

Livni abandons coalition deal

The failure of Israel's prime minister designate Tzipi Livni to form a coalition government is likely to lead to fresh elections early next year. Livni, who replaced Ehud Olmert as leader of the dominant centrist Kadima party in September, refused to broker a deal with the religious right.... [continued]

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