Bank crisis costs $2.8 trillion
The cost of the global financial crisis has cost the world's financial institutions a staggering $2.8 trillion, the Bank of England has estimated. The paper losses are equivalent to 46 of the bail-outs given by the Treasury to the banks RBS, HBOS group and Lloyds TSB. In its... [continued]
Economy: a trillion reasons to be gloomy 
The Business Pages: all the latest on the financial crisis
Credit crunch bail-outs are a threat to democracy
Neo-Nazi ‘plot’ to kill Obama foiled
Two skinhead neo-Nazis have been arrested over an alleged plot to assassinate Barack Obama and kill 102 other people, US federal authorities revealed yesterday. Daniel Cowart (pictured), 20, and Paul Schlesselman, 18, were arrested in Tennessee on Wednesday and charged with possession of firearms, making threats against a presidential... [continued]
US Election 2008: Obama lead slips as McCain goes on attack
People: David Axelrod could join Obama in the White House
Toot: Obama's very convenient grandmother
Govt clamps down on extremists
New rules to prevent extremists entering the UK are to be announced by Home Secretary Jacqui Smith. Under the tough new measures preachers of hate will be banned from Britain unless they can persuade the Government that they no longer preach extremism, by publicly retracting controversial statements. The moves... [continued]
The Mole: Latest news from Downing Street
BP announces 148% rise in profits
BP has reported a 148 per cent surge in its third-quarter profits to top $10bn, boosted by record oil prices. The better-than-expected figures come amid growing concern that oil companies are failing to pass on the benefits of lower oil prices to consumers. The oil giant averaged a selling... [continued]
The Business Pages: all the latest on the financial crisis
Mandelson silent on oligarch
Lord Mandelson has said that he will not reveal details of his meetings with Russia's richest man, Oleg Deripaska, saying that no conflict of interest arose. The Business Secretary rejected new calls yesterday to reveal how many times he met with the aluminium magnate, whose companies profited from a lowering... [continued]
Oleg Deripaska, last man standing
The Mole: Rothschild witness claim confirms fears that this will not go away
GM and Chrysler push for bail-out
Automotive giants General Motors and Chrysler may still receive a bail-out from the US government - taking money from the controversial $700bn rescue package that was originally intended to stabilise America's flailing financial institutions. A merger between the two car manufacturers could safeguard tens of thousands of jobs in... [continued]
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