Friday, 10 October 2008

News

Iceland banking losses reach £1bn

The true cost to British councils and other institutions of the financial collapse of Iceland, which has seen the tiny nation driven to the verge of bankruptcy, has been estimated at up to £1bn of investments. Savings held by more than 100 local councils, including Kent County Council which... [continued]

Brown proposes global rescue

Prime Minister Gordon Brown today urges nations across the world to follow Britain's example and recapitalise their banking systems, warning that unless a global push to make banks start lending to each other again takes place, the banking crisis will deepen. Writing in the Times, he calls for governments... [continued]


Terror trial of NHS doctors begins

The trial began in London yesterday of two NHS doctors who planned a terrorist campaign of violence against Britain to "punish" the country for the Government's foreign policy in Iraq and Israel. The men were arrested for their part in a failed car bombing in central London and for... [continued]

Afghanistan in ‘downward spiral’

The war in Afghanistan has entered a "downward spiral", with a lack of coherence in the West's policy there and unbounded corruption in the government of Hamid Karzai, according to a draft copy of a report prepared by America's National Intelligence Estimate (NIE). The NIE, which brings together the... [continued]

‘Troopergate’ report to be published

All eyes in the US presidential campaign will turn to Alaska today as the report on VP wannabe Sarah Palin's conduct in the 'troopergate' affair is published today. Palin, the Alaskan governor, is accused of sacking a state official to pursue a family vendetta. If Palin is censured by... [continued]

Zim inflation hits 231m per cent

Inflation in Zimbabwe has hit a new record, soaring twentyfold between June and July to an astronomical 231 million per cent, according to figures released by the Harare government yesterday. In practical terms, the price of a loaf of bread has now shot up to Z$10,000, when it can... [continued]