How to make a saloon car sexy September 21, 2010 Forget large SUVs. This is the Mitsubishi ASX crossover and it is the future of family SUVs – well, as far as Mitsubishi is concerned. Now that driving a proper 4×4 through the boroughs of Islington or Wandsworth is such a complete no-no, thank goodness that the car manufacturers have come up with an alternative [...]
CAR TALK September 21, 2010 MASERATI’S WILD SIDE UNVEILED The fastest, lightest and most powerful Maserati yet is to debut at the Paris Auto Show at the end of the month. When it goes on sale in the spring next year, the 450hp Maserati GranTurismo MC Stradale will be capable of over 300km/h (186mph) but will offer the same fuel [...]
Daniels quits as Lloyds boss September 20, 2010 LLOYDS Banking Group chief executive Eric Daniels yesterday became the third UK banking boss to quit his position in just two weeks, during a turbulent time at the top of the industry. Lloyds said Daniels would retire in a year’s time, giving it time to conduct a thorough search for his successor both externally and [...]
MPs warn over Osborne watchdog September 20, 2010 THE government’s fiscal watchdog should be entirely independent of the Treasury, an influential group of MPs has said, if it is to avoid accusations of political bias. In its first report on the Office for Budget Responsibility (OBR), published today, the powerful Treasury Select Committee says the watchdog should be “an institution with its own [...]
OECD: US to avoid double dip September 20, 2010 A generation of young Americans face a bleak future of unemployment but the US economy will avoid a double-dip recession, according to the Organisation for Economic Cooperation and Development (OECD). The Paris-based organisation yesterday said it could be 2013 before employment returns to pre-recession levels after peaking at 10 per cent of the labour force [...]
Britain’s private sector jobs miracle September 20, 2010 WITH the money supply dipping in August, and a flurry of other downbeat indicators, it is clear that the economy won’t grow especially quickly in the next few months. But this doesn’t necessarily bode ill for jobs. One of the great surprises of the past two years has been the performance of the labour market, [...]
Economic freedom in freefall September 20, 2010 The UK ranks 10th in a new poll measuring how much economic freedom countries have, according to the Fraser Institute and the Institute of Economic Affairs. The survey says economic freedom in the UK has been on retreat since 2000 and Britain’s score fell again in this year. This follows a general downward trend, with [...]
Cotton prices surge to new high September 20, 2010 Cotton prices surged more than three per cent yesterday, jumping past the $1 a pound level for the first time since 1995. Buying by speculators, mills and trade accounts stoked the rally. Clothing makers and other commercial users were forced to buy at the inflated prices. Investment funds sitting on money-making long positions were also [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 20, 2010 FINANCIAL TIMES BLACKSTONE QUITS LIVERPOOL TALKS The credit unit of Blackstone, which had been mooted as a possible leader of a £280m ($436m) refinancing of Liverpool Football Club, has pulled out of talks with its owners in a potential setback in their attempt to keep control of the company. People close to the situation said [...]
Blow for King after money supply falls September 20, 2010 THE amount of money in circulation in the UK decreased by £4.1bn, or 0.2 per cent, in August compared with an average monthly increase for the previous six months of £2.2bn, the Bank of England (BoE) revealed yesterday. The Bank’s latest figures also showed the 12-month money supply growth rate fell to 1.8 per cent [...]
