Queen faces Treasury showdown over plan to keep spending

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The Queen will have to ask for a 150 per cent increase in the Civil List to fulfil the Palace’s intentions of keeping spending at current levels.

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Bernard Madoff gets 150 years in prison

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A judge yesterday sentenced Bernard Madoff to the maximum term of 150 years in prison for the biggest swindle in the history of Wall Street.

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Washington to force UBS to give up client names

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The US Government tonight said it would force UBS to give up the names of its American clients with offshore accounts, dashing Switzerland’s hopes that a new bilateral tax treaty would persuade Washington to drop its lawsuit.

Comments (0) Jun 30 2009

RPT-US STOCKS-Market sags on confidence data, but quarter shines

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AFP Journal Internet - By Ellis Mnyandu NEW YORK, June 30 (Reuters) - U.S. stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a [...]
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EEF wants state bank to back manufacturing

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Trade body proposes the Government takes most active role in the economy since the 1970s

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UK economy shrinks at fastest rate for 50 years

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Gordon Brown’s hopes for a pre-election fightback founded on an emerging economic recovery suffered a severe blow as official figures showed the recession will be even deeper and longer than already feared.

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Banks face a new social contract

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Senior ministers regulators and bankers have outlined sweeping reforms of the UK financial system.

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Pirate Bay site sold to Swedish game firm

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A little-known Swedish software firm has snapped up file-sharing website The Pirate Bay with the hope of turning the source of legal controversy into a money-spinner that appeals to both users and content providers.

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Analyst warning sends water companies lower [at Financial Times]

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Financial Times - United Utilities and Severn Trent were among the sharpest fallers on Tuesday as the FTSE 100 retreated.

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US STOCKS SNAPSHOT-Wall St slides on recovery worries

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AFP Journal Internet - NEW YORK, June 30 (Reuters) - U.S. stocks extended losses on Tuesday, with the three major indexes at session lows as investors worried about the strength of the expected economic recovery following data that showed consumer [...]
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Comments (0) Jun 30 2009