|
06/09/2010
| business | Anglo-Irish Bank will be wound up
The Irish Government will today ask the European Commission for permission to "decommission" the nationalised Anglo Irish Bank.
Business Diary: From hero to (almost) zero
How the mighty have fallen. A year ago, Lloyd Blankfein, the chairman and chief executive of Goldman Sachs, came out top in Vanity Fair's annual rankings of the "100 most powerful people in the information age". The good news for Mr Blankfein is that 12 months on, despite the problems the investment bank has had this year, Vanity Fair has left him on the list. Less happily, he's gone from top to bottom, ranked 100 this time around.
China may block BHP/Potash deal
Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's £25bn bid for Potash Corporation, according to Reuters reports. In response to the directive, Sinochem is holding meetings with several banks, including Citigroup, HSBC, and Morgan Stanley.
Grade bids for Lloyd Webber hits
Michael Grade, the former chairman of both the BBC and ITV, is said to be the favourite to acquire Andrew Lloyd Webber's £200m intellectual property estate.
IMF hopeful on reform but more cautious about deficits
The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's deputy managing director, John Lipsky, said yesterday.
Job creation looks much sunnier after summer break, says Reed
Two surveys of the jobs market suggest that demand for for staff held steady or even expanded last month, with small and medium-sized businesses especially optimistic about their prospects.
Manufacturing stages a record-beating recovery
A remarkable resurgence by British manufacturing industry is reported today by the Engineering Employers' Federation (EEF).
New bank will be backed by Rothschild
Britain's largest banks will present their "living wills" to the Financial Services Authority (FSA) next month, ahead of the G20 summit of leading industrialised nations in South Korea.
Tax debacle could cost you £100 each month
More than 45,000 people will this week receive letters from HM Revenue & Customs (HMRC) to give them warning that their employers have not deducted the correct amount of tax from their pay packets and that they have underpaid or overpaid as a result.
Waterstone 'keen to take back control' of his bookstores
Tim Waterstone, the founder of the bookshop chain that bears his name, is reportedly mulling a bid to buy back the stores if the current owner, HMV, fails to improve the business by next year. The bid would be valued at £100m or more.
|
| business - comment | Stephen King: Scarce resources should give all governments serious food for thought
'Food, glorious food." In Lionel Bart's celebrated musical version of Dickens' Oliver Twist, the boys in the workhouse can only dream of indigestion. The reality, of course, was rather different. "Is it worth the waiting for? If we live till 84, all we ever get is gruel." 19th century Britain may have delivered tremendous economic advances but, for the vulnerable, life was cruel and miserable. The same is true today for the poorest people in the world. Globalisation may have delivered huge economic gains but those gains have been unequally distributed. Riots in Mozambique in response to a 30 per cent increase in the price of bread are hardly surprising given that so many people are – literally – on the breadline.
|
| uk - crime | Body was 'dumped on golf course'
A young man whose a badly burnt body was found in undergrowth at a golf club was murdered elsewhere before being dumped, police said.
|
| world - americas | New landslip buries 100 rescue workers
A massive landslide buried up to 100 people who were trying to dig out a bus caught in deep mud, killing at least 22 people with dozens more feared dead, as torrential rains battered Guatemala.
|
| world - australasia | Quake 'created new fault line'
A powerful earthquake that smashed buildings, cracked roads and twisted railway lines around New Zealand's second city of Christchurch also ripped a new fault line in the Earth's surface.
|
News courtesy of Independent.co.uk
|
|
 |
|
