WHAT THE OTHER PAPERS SAY THIS MORNING October 14, 2009 FINANCIAL TIMES INVESTORS IN MADOFF SCHEME SUE SECTwo investors who lost more than $2.4m in the Bernard Madoff “Ponzi” scheme have filed suit against the US Securities and Exchange Commission, claiming that the government agency responsible for protecting investors was negligent in its oversight of Madoff’s operations. CHINA AND KENYA IN KEY INFRASTRUCTURE TALKSKenya’s government [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 13, 2009 FINANCIAL TIMES RBS EYES SELL-OFF OF 300 BRANCHESRoyal Bank of Scotland (RBS) is exploring a government-backed plan to give up all its 312 RBS-branded branches in England and Wales, in a radical move to satisfy Brussels state-aid authorities that could boost business banking competition on the high street. Officials close to the negotiations say the [...]
Skywest passengers fall in September after slump October 12, 2009 SKYWESTAIRLINES, the Australian budget carrier, said yesterday it had carried 8.55 per cent fewer passengers last month than it did in September 2008. The airline said 30,000 people flew in September, down from 33,000 in 2008, but its load factor – which measures how full its planes are – rose 1.4 per cent to 54.16, [...]
WHAT THE OTHER PAPER SAY THIS MORNING October 11, 2009 THE SUNDAYSThe Sunday TelegraphBORIS JOHNSON WARNS EU TO KEEP OUT OF THE CITYBritain’s financial sector, which creates billions of pounds in revenue for the Treasury, is under threat from European legislation and an increasing tax burden on high-earning individuals, a report from the Mayor of London’s office says. The report, released this week, says that [...]
TRAVEL NOTES October 11, 2009 MandarinVegas to openOpening in Vegas on 4 December, those who want to play it safe will appreciate the fact that this is the only non-gaming hotel on the Strip. Better yet, the launch deal means that if you stay one or more nights you get a night for free, valid until 31 March. From £343 [...]
WINTER OF DISCONTENT October 8, 2009 BRITAIN is facing a “winter of discontent” with strikes looming at Royal Mail, British Airways, Irish carrier Aer Lingus, and electronics giant Fujitsu. Staff at Royal Mail yesterday voted three to one in favour of a national strike, which is set to bring misery to businesses over the Christmas period, while costing London hundreds of [...]
Traffic drops at Air France as slump hits October 7, 2009 AIR FRANCE-KLM, Europe’s biggest airline, yesterday said its traffic for September fell 3.7 per cent year-on-year, and reported continued pressure on revenues. But the Franco-Dutch carrier said it had boosted its load factor, a measure of how full its planes are. The airline carried 6.2m passengers in September, down 5.3 per cent on 2008, while [...]
BAs’ unions threaten strike action if staff are forced to leave the airline October 7, 2009 BRITISH AIRWAYS’ (BA) staff unions were last night locked in emergency talks, following the carrier’s decision to cut 1,700 cabin crew staff. The ubiquitous Unite union claims BA made the move without reaching an agreement, and us now threatening strikes over the Christmas period. Earlier this week, BA said 1,000 of its cabin staff had [...]
Q & A : WHERE HAVE THE STRIKE THREATS COME FROM? October 7, 2009 Q. WHAT ARE THE UNIONS OPPOSING?A. On Tuesday, British Airways announced it was cutting 1,700 jobs and was introducing a two-year pay freeze for cabin crew as it looks to cut costs in the downturn. It also said it would recruit new staff on different terms and conditions to current employees. Unite has denounced the [...]
Political polling produces instant public response October 6, 2009 THE big news here in Manchester is “daily polling”. Well, maybe that’s an exaggeration, but never before have we seen the effect of the sound and fury at the party conferences producing, almost instantly, accurately recorded public response. The chart shows how Gordon Brown’s speech led to a very slight uplift, which disappeared the next [...]