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Tuesday December 16, 2008

News

King: inflation may drop below 1%

Bank of England Governor Mervyn King has said that Britain's inflation rate may fall below one per cent next year, the lowest since 2002. He also hinted at extra measures to support bank lending to households and businesses. In his letter to Chancellor Alistair Darling to explain why inflation... [continued]

Caroline Kennedy to run for Senate

Caroline Kennedy, the daughter of John F Kennedy, is to run for Hillary Clinton's New York Senate seat, according to the New York Times. Kennedy, who has spent much of her life since the death of her father avoiding the spotlight, was an active figure in Barack Obama's election campaign... [continued]

US President Barack Obama with Caroline Kennedy

Madoff fraud hits world’s banks

The extent of the world's largest fraud case became clear yesterday when banks and wealthy investors around the globe announced probable losses of $19.5bn. British banks' exposure to the fraud by Bernard Madoff, which the legendary Wall Street trader has admitted could go as high as $50bn, is so far... [continued]

Mugabe ally shot by gunman

A key ally of President Robert Mugabe has survived an assassination attempt, Zimbabwe's state media is reporting. The head of the air force, Perence Shiri was shot in the arm by an unnamed gunman on Saturday in north-west Zimbabwe, the Herald newspaper said. The assailant is believed to... [continued]

PM calls for peace in Middle East

Gordon Brown has called for 2009 to be the "year of peace" in the Middle East. The British Prime Minister used a Palestinian business conference in London to urge Israel to stop settlers blocking peace. The Premier discussed the situation with  Palestinian PM Salam Fayyad at No.10 on... [continued]

Tories slate Jowell’s gloomy outlook

The Tories have described pessimistic remarks by Tessa Jowell about the state of the economy as a "stunning admission" of the Government's true position on the scale of the economic downturn. The Olympics Minister said in an interview that Britain is facing a recession "deeper than any that... [continued]

Royal Mail stake to be sold overseas

A £3bn stake in Royal Mail is reportedly set to be sold to a foreign postal company, under a plan that would eventually see full privatisation of Britain's mail services. At least a third of the state-owned firm that runs Britain's postal network could soon be sold to... [continued]

Rapist guilty of Blackman’s kidnap

The Japanese serial rapist Joji Obara has been found guilty of abducting, mutilating and abandoning the body of British woman Lucie Blackman after a panel of three Tokyo appeal judges partially overturned an earlier ruling acquitting him of involvement in her death. Obara, a wealthy property developer was acquitted... [continued]

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