Monday, 13 October 2008

News

Govt pumps £37bn into three banks

Gordon Brown has called a plan to inject £37bn into  three struggling high street banks as "unprecedented" while announcing a clampdown on bonuses and dividends. The Government confirmed this morning that it will inject £20bn of taxpayers' money into the Royal Bank of Scotland (RBS) while a further £17bn... [continued]


Eurozone heads agree bank bail-out as markets rally in response

The European and Asian markets rallied in response this morning to efforts by world leaders over the weekend to head off global financial meltdown. In early trading London's FTSE 100,  France's Cac 40 and Germany's Dax indexes all rebounded by more than five per cent - following similar gains on... [continued]

Lords set to reject 42-day plan

The controversial bill to detain terror suspects without charge for up to 42 days is expected to be overwhemingly defeated by the House of Lords today.  The counter-terrorism bill was narrowly passed through the House of Commons in June by nine votes and it is expected that large numbers of... [continued]

Tsvangirai may pull out of deal

Zimbabwe opposition leader Morgan Tsvangirai has threatened to pull out of a power-sharing deal with Robert Mugabe after the President announced that his ruling Zanu-PF party would control key cabinet posts, including the military and police. Former South African President Thabo Mbeki is expected in Harare today, to... [continued]

Iraqi PM: Britain should leave

The Iraqi Prime Minister Nouri al-Maliki has said that it is time for Britain to pull out of Iraq. In an interview with the Times he thanked British combat forces for their efforts but said they are no longer needed to maintain peace in sourthern Iraq. "We thank them... [continued]

New voters may swing it for Obama

Democrats are hopeful that a boom in voter registration across the United States could result in a landslide victory for their presidential candidate Barack Obama. An overwhelming majority of the nine million new voters are believed to favour Obama. Crucially, Democrats have out-registered Republicans by large ratios in eight swing...