Monday, 22 September 2008

News

Brown assumes ‘crisis PM’ mantle

Gordon Brown is hoping to revive his flagging fortunes by reinventing himself as the saviour of the world's money markets. He will seek to introduce measures that will tighten government controls over banks and hedge funds and avert crises such as that currently overwhelming Western economies. The plan calls... [continued]

Mbeki quits as SA president

South Africa's president Thabo Mbeki resigned during a live TV address to plunge his nation into its greatest political crisis since the end of apartheid. Mbeki, who had received a vote of no-confidence on Saturday from the African National Congress party that he represents, told stunned viewers that "he... [continued]

Wall Street banks change status

Morgan Stanley and Goldman Sachs, the last two independent investment banks on Wall Street, have given up their status in a bid to survive the turmoil in the financial markets. By becoming bank holding companies regulated by the Federal Reserve, the pair will be subject to far tighter restrictions... [continued]

De Menezes inquiry opens

The inquest into the shooting of the Brazilian electrician Jean Charles de Menezes three years ago by police marksmen at Stockwell Tube station in London will begin today. Menezes was shot on 22 July, 2005, the day after a series of botched bombings across London and a fortnight after... [continued]

Pakistan vows revenge for bomb

Pakistan's government, rocked by yesterday's attack against the Marriott hotel in Islamabad which killed 53 people and left 266 injured, has pledged to target the militants responsible for the devastating suicide bombing. Interior Ministry sources have confirmed that raids will be carried out in 'hotspots' near the border with... [continued]

Candidates prepare for debates

The first presidential debate between Barack Obama and John McCain takes place this Friday and both candidates have begun their preparations. Obama will travel to a 'debate camp' in Tampa, Florida, where the Democrats have set up a full mock-up of the stage where the debate will take place,... [continued]