Smith expects Ansbro recovery August 28, 2012 RUGBY UNION: London Irish’s Brian Smith is confident centre Joe Ansbro will fully recover from his broken neck.
Virgin launches legal challenge August 28, 2012 THE HANDOVER of the West Coast Main Line was last night plunged into chaos after Virgin Trains, the losing bidder for the route, mounted a legal challenge just hours before the final sign-off. The government had been due to formally approve FirstGroup as the new operator of the franchise as early as today, but the [...]
Rajoy wants EU banking union action August 28, 2012 SPAIN’S Prime Minister yesterday called for a European banking union to be in place by December, on a day in which the troubled Eurozone state was itself forced to rescue the region of Catalonia. Speaking after a meeting with European Council chief Herman Van Rompuy, Mariano Rajoy said that decisions made in June over forming [...]
UBS: Funding for lending stunted by capital rules August 28, 2012 THE LATEST plan to boost bank lending and kick-start the economy might be hamstrung by the impact of other regulations on banks, analysts from UBS warned yesterday. Because the Bank of England is pushing banks to increase capital levels to make themselves secure in case of a Eurozone meltdown, banks cannot increase lending, the report [...]
Following the rules is the great test of political leadership August 28, 2012 LEADERSHIP in business is about making tough decisions based on limited information and then adjusting to the consequences. Political leadership has its share of such tough calls, but it also has another component. In a liberal democracy, our politicians lead best when they create the conditions in which the rest of us can face our [...]
Lib Dems insist on Heathrow expansion ban August 28, 2012 LIBERAL Democrats maintained yesterday that a third runway at Heathrow will not be built while the party remains in the coalition. Transport minister Justine Greening said “it would be very difficult for me” to continue in government if a new runway is put back on the table, noting that there is currently cross-party opposition to [...]
What the other papers say this morning August 28, 2012 FINANCIAL TIMES Vestas in rescue talks with Japanese Vestas, the struggling Danish wind turbine manufacturer, is in rescue talks with Japan’s Mitsubishi Heavy Industries as it seeks to shore up its financial and competitive position. Cost-cutting squads to help hospitals balance the books Teams of cost-cutting experts will be sent into hospitals across the country [...]
Clegg calls for special tax on rich August 28, 2012 Nick Clegg has called for a special emergency tax on Britain’s wealthiest while the country fights an “economic war”. The deputy prime minister said in an interview with The Guardian today that he aims persuade his Tory coalition partners of the need for a new “time limited contribution” from the rich in addition to mansion [...]
Young Londoners made to work August 28, 2012 Young unemployed Londoners wll have to do three months of unpaid full-time work experience or lose their benefits under a pilot scheme being launched by the government. Employment minister Chris Grayling denied claims that the scheme was “slave labour” and said 18 to 24-year-olds who had spent less than six months in employment would have [...]
G7 pushes for more oil output August 28, 2012 The G7 finance ministers urged oil-producing countries yesterday to raise output to ensure the market is well supplied, while warning that Western nations were ready to tap strategic oil reserves to offset rising prices that could hurt global growth. Oil prices have strengthened as hurricane season hits producers in the US.
