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Friday, 9 May 2008

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UK country news

Following Britain’s second-largest bank, RBS, the country’s biggest mortgage lender, the Halifax Bank of Scotland (HBOS), has now also asked shareholders to bolster its finances... full story

RBS looks to its customers for money

There’s fewer unemployed, but not fewer worries yet

Bank of England cuts interest rates again

Not enough stock, Tesco halts US store openings

Heathrow’s new T5 opens with luggage problems

Northern Rock to cut more than 2,000 jobs

Government cuts forecast for economic growth

Lawmakers clash over Lisbon, Brown survives vote

Environmentalists climb parliament, protest airport

Political

Pakistan peace talks to fight terror get a UK hand

Britain said it favours a negotiated settlement to quell terrorism in Pakistan’s north-western tribal region, but emphasised that there was no “quick fix” either through... full story

Brown says education is an urgent moral issue

In Pope We Trust

Calls to reform global organisations

New national security strategy

UK, Iraq to work together in releasing hostages

Details of immigration management system outlined

Brown lays out tough policy over Iran

Brown’s programme set out by Queen

Talks with Saudi King seen as very positive

more political news...

Business

Competition watchdog investigates tobacco price-fixing

Britain’s Office of Fair Trading (OFT) in a recent statement announced it would investigate allegations that leading tobacco firms and supermarkets were engaged in price... full story

British Airways raises fuel surcharge on all tickets

British fans face pricey Moscow trip, visas

Fujitsu takes out the sword, 120 jobs will have to go

EU probes subsidies to some UK ferry companies

Shire to move its tax base from the UK to Ireland

UK flights will bring property values higher

Max expands by USD 300–400 mln

Light at the end of the Eurotunnel – it’s profit

Vantis chosen by Dutch firm for UK presence

Economic

British house prices fall in sign of weakening economy

House prices in Britain have fallen by one percent over the past 12 months in what was the first year-on-year fall since 1996, new figures... full story

East European migrants give up on UK, head for home

Enterprise Estonia extends invitation to the British

Bank executives to meet

Energy prices pump up British inflation fast

UK borrowers fear mortgage payments

Reckitt Benckiser profits jump 15%

Eurostar boosts passenger use and sales figures

Brits still on a shopping spree; inflation steady

Govt and unions may face a new row

more business news...

more economic news...

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Bylines & Interviews

Russia’s Energy Build: Leverage, not Threats
By Chris Weafer, Chief strategist at UralSib Bank in Moscow

Azerbaijan creates alternatives, not competition
interview with Heydar Babayev, Azerbaijan’s Minister of Economic Development

Obama rises above racial politics in the United States
By Ray Bawarch, US-based author of the novel, “The Dirt People”

Towards a reform of the World Trade Organization
By MEP Prof. Dr. Georgios Papastamkos

IMF foresaw US mortgage crisis
By Lorenzo Bini Smaghi, ECB executive board member

IMF should ration loan conditions
By Alex Wilks, Eurodad coordinator, director Brussels office

Triple crisis, few solutions
By Peter Chowla, IMF specialist

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