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]
All the latest from the Business Pages
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]
All the latest from the Business Pages
Philip Delves Broughton: Cash was king, now gold is God
The Mole: Could Brown sack Darling and bring in Vince Cable?

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]
Doctors without borders – the new threat
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]
Is America ready to dump President Karzai?
‘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]
US Election 2008: John McCain ‘pressed’ to choose Palin
Americans: First Dude of the Wild Frontier
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]