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Thursday December 4, 2008

News

Bank cuts interest rate to 2%

The Bank of England has cut its key interest rate by a full percentage point, from three to two per cent – the lowest for 57 years and the joint-lowest in its 314-year history. The Bank of England's announcement was widely expected against a backdrop of further evidence that... [continued]

Martin shifts blame to officials

The Speaker Michael Martin caused a furore in the House of Commons when he admitted that he knew in advance about the search of Tory frontbencher Damian Green's office. In his long-awaited account of his role in the shadow immigration minister's arrest last week, the Speaker expressed regret over the... [continued]

PM grants £1bn mortgage reprieve

Homeowners who lose their jobs gained a reprieve yesterday, when the Government unveiled a £1bn rescue package that will allow them to defer interest payments on their mortgages for two years. The scheme, which has been agreed with Britain's eight largest mortgage lenders, was announced amid growing concern over the... [continued]

Zimbabwe in state of emergency

Zimbabwe has declared a state of emergency after a cholera epidemic left more than 500 people dead in recent weeks and pushed the country to the point of collapse. About 6,000 people have contracted the disease due to lack of water treatment and broken sewage pipes, while hundreds have fled... [continued]

Zardari rebuffs India demands

Islamabad appeared to reject India's demands that Pakistan hand over 20 alleged terrorists, when President Asif Ali Zardari said the 20 would be tried in Pakistan if there was evidence to charge them. His comments came as Western powers, led by the US, intensified their efforts to ease tensions between... [continued]

US predicts attack ‘in five years’

Terrorists could mount an attack using biological or nuclear weapons within the next five years, an investigation by the US Congress has warned. The six-month inquiry into weapons of mass destruction said that the United States or some other part of the world could be targeted. The report,... [continued]

Conjoined twin dies after surgery

One of the conjoined twins separated at London's Great Ormond Street Hospital has died after emergency surgery. Hope Williams, who was born last week, died because her lungs were too small to support her, her surgeon Professor Agostino Pierro said. Her surviving sister, Faith, was described as being in a... [continued]

Record haul of heroin seized

A record haul of heroin, believed to be en route from Afghanistan to Europe, has been seized in Tajikistan. Security forces found more than 1,200lbs of heroin and cannabis worth millions of pounds hidden in a lorry in the country's biggest-ever drug seizure.   Tajikistan borders Afghanistan, the world’s biggest... [continued]

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