News of the World former Royal editor Clive Goodman arrested July 8, 2011 Clive Goodman, the former News of the World Royal editor, has been arrested today on alleged corruption charges. Goodman, who was jailed for four months in 2007 on phone hacking charges, was arrested for allegedly paying police for information, police sources have said. He was originally jailed after royal staff members complained about voicemail messages [...]
Murdoch closes News of the World over phone hacking July 7, 2011 James Murdoch has announced that the News of the World will close as a result of the hacking scandal that has engulfed the paper. The paper will publish its last edition this Sunday, Rupert Murdoch’s son said. Murdoch, News Corp’s deputy chief operating officer, said the paper’s ethics “have been sullied by behaviour that was [...]
Murdoch closes News of the World over phone hacking July 7, 2011 James Murdoch has announced that the News of the World will close as a result of the hacking scandal that has engulfed the paper. The paper will publish its last edition this Sunday, Rupert Murdoch’s son said. Murdoch, News Corp’s deputy chief operating officer, said the paper’s ethics “have been sullied by behaviour that was [...]
Murdoch condemns phone hacking as ‘deplorable’ July 6, 2011 News of the World owner Rupert Murdoch has joined the chorus of condemnation for the phone hacking practices that went on at the Sunday paper. Murdoch said allegations that the paper’s journalists paid police for information and hacked into phones such as murdered schoolgirl Milly Dowler’s, were “deplorable and unacceptable”. But shares in News of [...]
Lagarde to push ahead with IMF reforms July 6, 2011 Christine Lagarde, the newly appointed managing director of the International Monetary Fund, has vowed to reform the institution’s governance and employment in her tenure as leader. In just the second day in her new role, the former French minister for the economy said the global recovery from the financial crisis was uneven as emerging markets [...]
Lagarde to push ahead with IMF reforms July 6, 2011 Christine Lagarde, the newly appointed managing director of the International Monetary Fund, has vowed to reform the institution’s governance and employment in her tenure as leader. In just the second day in her new role, the former French minister for the economy said the global recovery from the financial crisis was uneven as emerging markets [...]
Moody’s cuts Portugal’s debt rating to junk July 5, 2011 Credit rating agency Moody’s has downgraded Portugal’s sovereign credit rating by four notches to ‘junk’ status. Moody’s blamed Portugal’s rising likelihood of needing another massive injection of international bailout funding before it becomes able to rely on private credit again. It also warned of a growing risk that private sector creditors would, as in Greece’s [...]
DSK faces new complaint in France despite US case easing July 5, 2011 Dominique Strauss-Kahn has been hit with a fresh complaint of attempted rape in France, a new hurdle to any political comeback, even though US sex assault charges against him may be lifted this month. The New York Post cited an unnamed senior investigator as saying prosecutors would drop their charges at a court hearing in [...]
New US data shows manufacturing growth July 5, 2011 New US data has shown growth in factory orders and purchases of big-ticket durable goods in May, boosting hopes of an end to the soft patch in the US recovery seen in recent months. Durable goods orders were revised up to show a 2.1 per cent increase in May, from a previously-calculated 1.9 per cent [...]
UK oil industry welcomes Treasury tax change July 5, 2011 The UK oil and gas industry welcomed a government move to raise the threshold for a tax break to support companies’ exploration and development in the North Sea. The Treasury has said it will increase the annual rate of its Ring Fence Expenditure Supplement, an accounting tool that allows companies to increase their taxable income, [...]