Wednesday, 29 October 2008

Wednesday October 29, 2008

News


Shares rally amid rate cut hopes

Shares in London and Europe rallied when the markets opened today, buoyed by hopes that central banks will cut interest rates further. The FTSE-100 surged by 5.5 per cent and France's Cac index added 5.9 per cent in early trading, following sharp rises on the New York and Asian stock... [continued]

BBC suspends Brand and Ross as 18,000 complain about prank

Jonathan Ross and Russell Brand are to be suspended and all their shows taken off air until the BBC has investigated a series of prank phonecalls made by the pair on Radio 2. The suspension will see this Friday's edition of Ross's chat show on BBC1, due to feature... [continued]

China urged to boost IMF fund

Europe will look to China and oil-producing nations in the Gulf to pump hundreds of billions of dollars into the International Monetary Fund to prevent the global financial "contagion" from destroying vulnerable economies such as Hungary, Iceland and the Ukraine. After talks with other Western leaders, Gordon Brown will... [continued]



Pakistan earthquake kills 135

At least 135 people have died while scores of others were trapped or injured after a powerful earthquake struck the city of Quetta in southwestern Pakistan. The 6.4 magnitude earthquake destroyed hundreds of buildings in the mountainous region, which is near the border with Afghanistan. Some homes were buried... [continued]

Guede jailed for 30 years for Kercher murder

The family of murdered British student Meredith Kercher have welcomed the conviction and 30-year jail term handed down to Rudy Guede, one of three suspects. Ivory Coast-born Guede, 21, was found guilty of sexually assaulting and murdering the Leeds University student on November 1 last year. Kercher's housemate... [continued]

UN calls for more troops in Congo

United Nations peacekeepers have called for more troops as fighting escalates in eastern Congo, led by renegade General Laurent Nkunda. Tens of thousands of civilians fled the Congo's eastern provincial capital of Goma yesterday as ethnic Tutsi rebels threatened to take the city. But in chaotic scenes, government... [continued]