Monday, 27 October 2008

News

Nikkei falls to 26-year low as Asian markets crash again

Asian stockmarkets tumbled again this morning as fears over a worldwide recession sparked another day of panic selling. The promise of another round of interest rate cuts was not enough to stem the slide, amid concerns that the economic crisis is spreading to emerging nations. Japan's Nikkei 225 index... [continued]


PM defends plans to boost spending

Gordon Brown is expected to defend plans to increase public borrowing and spending as the only "responsible" way to tackle the economic crisis, in a speech later today. The Prime Minister will say that the Keynesian principle of increasing public spending and fast-tracking major projects is the right strategy to... [continued]


US raid kills eight in Syria

Syria has condemned the "aggressive" attack by US special forces along the Iraqi border, which saw eight people killed yesterday. American military helicopters are believed to have raided a farm in near Abu Kamal, five miles from the border. The dead, who are understood to include four children, were all... [continued]

Defiant McCain insists he can win

John McCain dismissed huge poll figures that show significant leads for his rival Barack Obama to claim that he is still well-placed to win next week's presidential election. In a defiant interview on NBC's Meet the Press, the Republican candidate said that he believed the race was heating up, and... [continued]


Mandelson denies oligarch favour

Lord Mandelson was yesterday forced to issue a new denial that he granted favours to the Russian oligarch Oleg Deripaska when he was European trade commissioner. It emerged over the weekend that only a month after Mandelson had accepted hospitality on the aluminium magnate's £80m yacht in Corfu, he advocated... [continued]