Champion Tom dreams of more gold in London July 22, 2009 NEW British hero Tom Daley has set his sights on London 2012 after his unexpected World Championship success. Daley became Britain’s first world diving champion by winning the 10m platform title in Rome on Tuesday at the age of just 15. He said: “This is great practice for London 2012 because there is going to [...]
Hambro posts surprise gain in gold output July 20, 2009 PETER Hambro Mining yesterday said its gold production jumped 54 per cent in the first half and noted that output, which is traditionally higher in the second half, will be boosted by one of its biggest mines, the Pioneer deposit. The second-biggest gold producer in Russia said its output rose to about 222,600 ounces. The [...]
Green dreams: a Moon Race for the 21st Century July 19, 2009 FORTY years ago today Neil Armstrong jumped off the ladder of his Eagle landing module as the US finally won the decade long battle with Russia to put the first man on the moon. NASA won, not by luck, but because it put in place a countrywide programme costing over $100bn (£61bn) in today’s money [...]
Turkey and EU sign pipeline deal July 13, 2009 EU countries and Turkey yesterday signed a transit deal for the Nabucco gas pipeline, aimed at cutting Europe’s energy dependence on Russia, a major political step backers say will boost the project. Transit countries Turkey, Bulgaria, Romania, Hungary and Austria signed the accord for the €7.9bn European Union and US-backed project, which aims to supply [...]
Emerald Energy gets takeover approach July 13, 2009 EMERALD ENERGY, the oil and gas explorer, became the latest company in the energy sector to receive a takeover approach yesterday, but refused to give the identity of the would-be buyer. The group, which has assets in Syria, Colombia and Peru, said talks on the potential cash offer are at an early stage, but would [...]
RHJ fights for GM Opel deal July 12, 2009 RHJ INTERNATIONAL is stepping up its bid to broker a deal with General Motors for a controlling stake in Opel after talks between the US carmaker and Magna International stalled. The Brussels-listed industrial holding company, linked to US buy-out firm Ripplewood, is set to present GM with a better offer early this week. In May, [...]
US Treasury backs dollar July 12, 2009 US TREASURY secretary Timothy Geithner says he is not concerned that the US dollar is weakening as a reserve currency, despite recent criticisms from China, Russia and France. “I actually don’t worry about that,” Geithner said in an interview. “In part because if you just look at the response of the world…when people are most [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2009 THE SUNDAYSThe Sunday TelegraphFOCUS DIY CHAIN FACES TOUGH CREDIT REVIEWA review of Focus DIY’s financial position will be delivered by Ernst & Young (E&Y) to the group’s lenders this Friday to help them to decide whether to continue backing the DIY retailer. Although the lenders, GMAC and HBOS, have agreed in principle to renew a [...]
Chelsea will buy again in our own time, says Cech July 12, 2009 CHELSEA goalkeeper Petr Cech expects the club to do further business before the start of the season – but insists there is no hurry. The Blues have made just three signings this summer, with £18m Russia international Yuri Zhirkov the only major arrival. But Cech says new manager Carlo Ancelotti, who only took over on [...]
G8 warns of signifcant risks to economy July 8, 2009 WORLD leaders believe that the global economy still faces “significant risks” and may need further help, according to a draft document drawn up yesterday at the Group of Eight (G8) summit. The document cautions that “significant risks remain to economic and financial stability” while “exit strategies” from pro-growth packages should be unwound only “once recovery is assured”. [...]