Why the Greek government could soon be taking tips on its economy from Diablo June 13, 2012 How much can you charge for something intangible? Rather a lot, it seems. Games manufacturer Blizzard yesterday launched a real money Auction House for its hit title Diablo 3, meaning you can sell the stuff you find on the charred corpse of a ghoul for actual cash, that you can spend in the real world, [...]
Father’s day Get it right! June 13, 2012 Rugged dad Make sure you have the most stylish dad in town with this check shirt ‰ Gant ‰ £75 ‰ www.gant.co.uk Posh dad Socks with an expensive twist ‰ Pantherella cashmere socks ‰ £35 ‰ mrporter.com Green dad For the green-fingered gent with little time on his hands: an allotment – in a box [...]
OSBORNE: GREXIT MAY BE NEEDED TO RESCUE EURO June 12, 2012 CHANCELLOR George Osborne has suggested that Greece may have to crash out of the euro for German voters to be convinced of the need to save the single currency. At a gathering of business leaders in London yesterday, an unusually blunt Osborne risked provoking anger in Berlin by hinting that a so-called Grexit could persuade [...]
Chancellor: stick up for business June 12, 2012 COMPANIES need to fight back against the “anti-business sentiment” that dominates current political discourse in the UK, chancellor George Osborne said yesterday. Osborne urged business leaders to get their voices heard and counter the “politics of envy” that he feels has worsened since the coalition came to power in May 2010. “If you are not [...]
Tucker: Liquidity rules are damaging the recovery June 12, 2012 REGULATORS should lower banks’ liquidity requirements to help them fight the current crisis, top Bank of England official Paul Tucker said last night, arguing that tight constraints are damaging the sector and the wider economy. The very public intervention shows that Tucker would be a more flexible regulator than outgoing Bank governor Sir Mervyn King. [...]
Iceland’s stunning comeback gives Eurozone food for thought June 12, 2012 GUESS which developed country could enjoy the fastest growth this year? Come on? Alright, then – it’s Iceland. Its economy expanded by 2.4 per cent quarter on quarter in the first three months of the year, its fastest pace since its meltdown, boosted by exports, tourism and consumption. Annual economic growth was 4.5 per cent, [...]
Monti row with Austria over bailout claims June 12, 2012 ITALIAN Prime Minister Mario Monti hit out at Austria’s finance minister yesterday, declaring her comments about his government’s finances “inappropriate”. Austrian Maria Fekter had said Italy may need a Eurozone bailout because of its high borrowing costs. “Italy has to work its way out of its economic dilemma of very high deficits and debt, but [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 12, 2012 FINANCIAL TIMES Hildebrand takes Blackrock role Philipp Hildebrand, the former chairman of the Swiss National Bank, is joining BlackRock as vice-chairman and will oversee the firm’s largest institutional client relationships outside of the US. Treasury rejects pay levy on City The Treasury has rejected a plan to get the City to pay the salaries of [...]
Top Syriza candidate defects June 12, 2012 A leading Greek leftist politician defected from the Syriza party yesterday, just days before an election in which it is likely to become the largest group in parliament. Corinth candidate Nikos Hanias hit out at the party in a letter, saying it is “gambling with our future, betting on the possibility that our creditors are [...]
Russia in frame for Cyprus rescue June 12, 2012 Cyprus is keeping its options open on whether to apply for a European Union bailout to help recapitalise its second-largest bank but has yet to make any application, its government said yesterday. Russia was yesterday put in the frame as the source of a possible bilateral bailout for the country. Sigma, a private TV station, [...]
