Hamilton relishing Monaco test May 23, 2011 Formula One: Lewis Hamilton believes McLaren can increase the pressure on Red Bull at next weekend’s Monaco Grand Prix. “We have something good coming for Monaco,” said Hamilton, who is currently 41 points behind championship leader Sebastian Vettel.
GOLF’S STAR NAMES TURN OUT FOR SEVE May 23, 2011 RYDER CUP captain Jose Maria Olazabal (above), eight-times European No1 Colin Montgomerie and US Open champion Graeme McDowell were among the competitors in yesterday’s ‘Ole Seve’ pro-am at Wentworth. All funds raised from the event are in aid of the Seve Ballesteros Foundation and Cancer Research UK.
Greek crisis rocks heart of eurozone May 23, 2011 STOCKS tumbled and the cost of Greek borrowing soared to new highs yesterday as investors fretted that the sovereign crisis is spreading to core Eurozone countries. Following ratings agency S&P’s decision to put Italy on a negative credit watch on Friday, Belgium was hit by a revision to a negative outlook by Fitch yesterday. Economists [...]
Privacy laws in chaos as MP names Ryan Giggs May 23, 2011 UK PRIVACY laws lay in tatters yesterday after an MP used his parliamentary privilege to name Ryan Giggs as the player at the centre of a super-injunction row. John Hemming – the same Lib Dem MP who named Fred Goodwin as the banker with a super-injunction – said “with about 75,000 people having named Ryan [...]
US mortgage probe widens May 23, 2011 JP MORGAN Chase, UBS, Royal Bank of Scotland and Deutsche Bank are being scrutinised by the New York State Attorney in an expanded probe into mortgage practices at large banks. Units of bond insurers Ambac Financial, MBIA, Syncora Holdings and Assured Guaranty have also been subpoenaed by the state’s attorney general for information related to [...]
It’s time for a free speech revolution May 23, 2011 THERE is something beautiful about the First Amendment to the US Constitution. For those of you who need reminding, here it is: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 23, 2011 FINANCIAL TIMES UK BUILDERS SEE VALUE OF ORDERS COLLAPSE The value of work awarded to UK construction companies crashed during the past year, raising concerns that the impact of government spending cuts will be far worse than previously feared. The total value of new work awarded to the UK’s 50 leading construction companies fell by [...]
Obama arrives early in UK May 23, 2011 US PRESIDENT Barack Obama flew to the UK from Ireland ahead of schedule last night, as worries over ash from Iceland’s Grimsvotn volcano spreading to UK airspace forced an early departure. Obama had planned to stay in Ireland overnight after visiting both Dublin and the small village of Moneygall, where one of his ancestors lived [...]
US insurers face $10bn losses May 23, 2011 Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have US insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10bn (£6.2bn) from weather-related losses in the US in 2011, which is up from the average of $2bn to $4bn, according to EQECAT, which provides disaster and risk models [...]
Shale gas drilling gets go-ahead May 23, 2011 Britain does not need to impose a moratorium on drilling for unconventional gas sources, a parliamentary committee said yesterday, two weeks after France recommended making a freeze on shale gas drilling permanent. There is no evidence that fracking, a process that involves injecting water, sand and chemicals into shale rock formations to extract trapped gas, [...]
