Tuesday, 6 January 2009

News

Israel aims for downfall of Hamas

Israeli tanks have entered Khan Yunis, the largest city in the southern Gaza Strip, as the Israeli Defence Force suffered its worst loss of life since the onslaught on the Palestinian territory began. Three soldiers from the IDF's elite Golani Brigade were killed and 24 wounded in northern Gaza when... [continued]




Russia gas row hits EU supplies

A row between Russia and Ukraine over "stolen" gas is threatening to disrupt supplies to European countries today. Gazprom, the state-owned Russian energy giant which provides 15 per cent of Britain's gas, stopped supplying Ukraine last week after accusing Kiev of failing to pay its bills.... [continued]

Tories plan to cut savings tax

Tory leader David Cameron offered hope to savers hit by plummeting interest rated yesterday when he promised to abolish tax on the savings of people earning less than £43,000 a year. Personal allowances for pensioners will also be lifted by £2,000 a year. Cameron, stung by... [continued]

Obama launches $1tr stimulus plan

Barack Obama has launched his campaign to win support for $300bn in tax cuts to low- and middle-income earners to boost America's ailing economy. One day after moving his transition operation from Chicago to Washington, Obama is pushing an economic stimulus package amounting to between $750bn... [continued]

Madoff faces jail for bail breach

Bernard Madoff, the Wall Street financier standing trial for a $50bn fraud, is facing an early stay in jail today after prosecutors asked the judge to consider whether the 70-year-old has broken the conditions of his bail. Meanwhile, the very survival of the financial regulator that failed to detect Madoff’s... [continued]


India points finger at Pakistan agencies

In comments that are sure to stoke tension with Pakistan, Indian Prime Minister Manmohan Singh has said that the Mumbai terrorist attacks must have had some support from official agencies within its neighbour. At a security conference in Delhi, Singh said: "Today even as Pakistan engages... [continued]