Britannia Radio

UK: Your ISP is watching you: Since last autumn, BT – under the "Webwise" banner – has been trialling a technology called Phorm, which dials direct into your internet service provider's network and intercepts communications between you and the websites you visit, using information about the sorts of things you are viewing to serve you targeted ads

Mexico’s Peso Stuns UBS With Biggest Drop Since 1995 : After weakening 20 percent last year, the currency fell to a record low of 14.4484 per dollar today.

China: Up to 26 million rural migrants now jobless: The global economic crisis has taken hold deep in China's impoverished countryside, as millions of rural migrants are laid off from factory jobs and left to scratch a living from tiny landholdings — creating unsettling prospects for a government anxious to avoid social unrest.

More banks likely to fail, Obama warns: Mismanagement by the nation’s lending institutions was so extreme that the losses sustained by banks still cannot be calculated and more are likely to fail, President Barack Obama warned.

Let banks fail, says Nobel economist Joseph Stiglitz: The Government should allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice, according to Joseph Stiglitz, the Nobel Prize-winning economist.

U.S. Economy: Manufacturing Shrinks Further, Spending Falls: Manufacturing in the U.S. shrank again last month and consumer spending recorded an unprecedented sixth monthly decline in December, offering no sign the economy has hit bottom.

World stocks fall on poor earnings, banking woes: World markets fall as investors prepare for more bad earnings, deeper economic downturn

Macy's to cut 7,000 jobs, slash dividend: Joining the parade of companies laying off thousands, department-store chain Macy's Inc. said Monday it would make deep cuts in its workforce and slash its dividend by more than half.