The Iceman cometh again: Raikkonen makes F1 return November 29, 2011 FORMER world champion Kimi Raikkonen admits his decision to return to Formula One was driven by a longing to get back in the cockpit that he could no longer ignore. Raikkonen ended months of speculation yesterday by announcing he has signed a two-year contract with Lotus Renault, starting next season. The 32-year-old Finn won the [...]
Auld enemies bring Scottish Varsity battle to London November 29, 2011 The annual collision between Edinburgh and St Andrews takes place tonight – and it’s in Richmond for the first time. City A.M. asked two star alumni to explain why it’s an occasion not to be missed RORY LAWSON GLOUCESTER AND EX-EDINBURGH TYRONE HOWE EX-BRITISH LIONS AND ST ANDREWS Q.WHAT MAKES THE SCOTTISH VARSITY MATCH SUCH A [...]
Dates set for 2014 Ryder Cup November 29, 2011 GOLF: The 2014 Ryder Cup at Gleneagles will take place from 26-28 September, it was announced yesterday. The 40th staging of the contest will be only the second to be held in Scotland after Muirfield played host in 1973.
Trap signs new Ireland deal November 29, 2011 FOOTBALL: Republic of Ireland manager Giovanni Trapattoni has ended speculation surrounding his future by signing a new deal that will see him stay on after next summer’s European Championships. The 72-year-old, who helped Ireland reach their first major tournament since 2002, will lead the team through their 2014 World Cup qualifying campaign.
Injuries scupper Gatland plans November 29, 2011 RUGBY UNION: Wales boss Warren Gatland fears second-rowers Alun Wyn Jones and Luke Charteris could miss the Six Nations because of injury. Jones has had an operation on a dislocated toe, while Charteris may need surgery on a wrist problem.
DEBT BOMB November 29, 2011 GEORGE Osborne was forced to announce two more years of austerity measures yesterday, after official figures showed the national debt spiralling out of control due to rising unemployment and flagging economic growth. Just hours after the chancellor pledged to “do whatever it takes to protect Britain from the debt storm”, the Office for Budget Responsibility [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
Osborne misses a great opportunity November 29, 2011 AS ever, it was Lewis Carroll who put it best in Alice Through the Looking Glass: “The rule is, jam tomorrow and jam yesterday – but never jam today.” Even that could be too optimistic: reading between the lines of yesterday’s mini-Budget, it is clear that the UK is out of money to an even [...]
ECB injects €9.5bn of QE into Eurozone November 29, 2011 THE EUROPEAN Central Bank (ECB) accidentally performed €9.5bn (£8.1bn) of quantitative easing last week because it was unable to persuade banks to deposit enough funds with it to make up for its bond purchases. The incident is a stark signal that the Bank could be reaching the “technical limit” of its ability to buy bonds [...]
S&P slaps downgrades on 15 major global banks November 29, 2011 SOME OF the world’s biggest banks were hit with credit rating downgrades from ratings agency Standard & Poor’s yesterday after a sweeping overhaul of the criteria it uses to assess institutions’ financial strength. S&P downgraded 15 banks after reviewing the ratings of 37 major institutions. It dropped seven of the top US banks by one [...]
