Eurozone duo urge Ireland to seek aid November 15, 2010 Portuguese finance minister warns crisis will spread across Europe EU finance ministers set to meet today for emergency talks Greece revises deficit up for a third time as it breaches bailout terms IRELAND was under mounting pressure last night to accept a European or International Monetary Fund (IMF) bailout as both Portugal and Spain warned [...]
Virgin chases US train deal November 15, 2010 Virgin Group has joined the race to build and run the first high-speed railway line in the US. The transport operator, owned by Sir Richard Branson, has joined one of eight consortia bidding to operate the 168mph rail-link, set to open for bids early next year with a completion date slated for 2015. Virgin’s partners [...]
EU not City dictates capital’s future November 15, 2010 THERE is something magical about the Lord Mayor’s annual banquet at the Guildhall. One is surrounded by pomp and pageantry; all the guests are decked out in white tie and tails, and dozen upon dozen of Britain’s top business executives make the time to listen to the Prime Minister, the Lord Mayor, the Lord Chancellor [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 15, 2010 FINANCIAL TIMES INVESTORS SCEPTICAL OF UNILEVER GROWTH PLAN For a company whose products clutter the shelves of virtually every home in the UK – not to mention plenty in Brazil, Indonesia and China – Unilever’s shares are not in demand. The maker of Dove soap, Persil detergent and PG Tips tea managed to confound analyst [...]
iTunes puts Beatles online November 15, 2010 THE Beatles are expected to make their music available for the first time on Apple’s iTunes online music store, the company is expected to announce today, suggesting its disputes with the band are finally at an end. The copyrights to the Beatles’ earliest recordings start expiring from the end of 2012, 50 years after their [...]
£2bn rescue for Dubai Holding November 15, 2010 The Dubai government has taken control of the financial restructure of Dubai Holding, putting $2bn (£1.2bn) into the troubled conglomerate. Last week the government announced Dubai Group, a unit of conglomerate Dubai Holding, had set up a committee of banks to discuss its debt commitments. Those discussions have led to the committee leading a restructuring [...]
Huddlestone faces long lay-off November 15, 2010 FOOTBALL: Tottenham midfielder Tom Huddlestone faces up to three months on the sidelines after the club confirmed the 23-year-old is set to undergo surgery on his ankle. “Following consultation with several independent ankle specialists, it has been determined that Tom Huddlestone will undergo surgery on his right ankle,” read a club statement. “The procedure is [...]
Glazer’s to repay Man Utd loans November 15, 2010 The Glazer family is believed to be preparing to pay off around £220m in high-interest “payment-in-kind” loans borrowed to fund the purchase of Manchester United. In a letter to the holders of the loans, Joel Glazer is thought to have committed to pay off the loans on 22 November. It is unclear how the Glazers [...]
Button looking ahead to 2011 November 15, 2010 FORMULA ONE: Britain’s Jenson Button believes a solid end to the season bodes well for McLaren’s title hopes in 2011. The 2009 world champion was in contention to retain his title up until the penultimate race of this campaign and rounded of his season by finishing third in Abu Dhabi. He said: “Our team should be happy [...]
Haile shelves retirement plans November 15, 2010 ATHLETICS: Haile Gebrselassie has reversed his decision to quit athletics. The Ethiopian announced his intention to retire after pulling out of the New York Marathon earlier this month. But yesterday he wrote on Twitter: “Running is in my blood and I decided to continue competing.”
