Wednesday, 4 February 2009

News


‘I screwed up’, admits Obama

Barack Obama has admitted that he "screwed up" in handling the controversy that has resulted in two potential members of his administration from declining the posts. Tom Daschle, pencilled in as the secretary of health, and Nancy Killefer, who was expected to handle budget and spending reform, have both... [continued]


Recriminations begin on snow chaos

Parents and business leaders are up in arms over the impact of the freezing weather after millions stayed away from work and 8,000 schools were closed for a second day after the heaviest snowfalls for many years. Although the weather conditions in many parts of the country eased on... [continued]

EU warns over US protectionism

The European Union has raised fears of a of a trade war with the US by warning that a 'Buy American' policy could plunge the world into depression. The EU threatened to retaliate if the US Congress went ahead with sweeping measures in its $800bn stimulus plan to restrict... [continued]

Foreign worker deal discussed

Union leaders and workers will discuss a deal that could end the dispute over the use of foreign labour at Lindsey Oil Refinery in Lincolnshire. The potential agreement was hammered out in talks between managers and unions chaired by conciliation service Acas and, according to reports, could see half... [continued]

Icelandic collapse hits high street

Some of Britain's best-known high street retailers face an uncertain future after efforts to restructure the debts of an Icelandic group with major stakes in them collapsed. Baugur, which has shares in Hamleys, House of Fraser, French Connection, Karen Millen and Goldsmiths, said it had applied for... [continued]

United States of Africa plan fails

Plans to create a United States of Africa appear to have foundered at a meeting of the African Union in Ethiopia. The proposals were put forward by Libyan leader Muammar Gaddafi, a long term advocate of the plan to create a United States of Africa. Gaddafi... [continued]