DUBLIN: The Irish Government was forced today to step in and rescue the Anglo Irish Bank that was about to be submerged under a mountain of debts totalling 34.3 billion Euros. The threat of insolvency in Ireland was becoming a reality if Ireland s largest bank was allowed to go under without state assistance. The [...]
LONDON: The popular television programme “The Apprentice” which resumes next week may be generating extra view figures as one of the contestants has reportedly been arrested on fraud allegations. The contestant in question Christopher Farrell, 29, who is a mortgage broker, was taken in by Devon and Cornwall Police was interviewed for financial irregularities have [...]
LONDON: The FTSE share Index showed optimistic gains today even though there is still considerable concerns with the Euro zone debt and the susceptibility of certain risk sensitive banks. The Anglo-Irish Bank for instance may cause Irelands credit rating to be lowered by S & P if the bank has to be rescued with a [...]
LONDON: The UK Economic forecast for the first time in a few years is showing signs of recovery in a report from the International Monetary Fund (IMF). It is predicted that the economy will grow by 2% in 2011 just .1 % down from the previous prediction of 2.1%. The IMF is supporting the austerity [...]
LONDON: The days of buying houses with minimum to zero deposit plus interest only mortgages is over according to the Head of Council of Mortgage Lenders(CML). In both the US and UK, an easier entry level had been encouraged by major banks and financial institutions for potential house buyers and property investors to take advantage [...]
MANCHESTER: Ed Miliband was chosen today to be the new leader of the Labour Party at a party conference held in Manchester. Ed Miliband was in a direct head to head battle with his brother David to secure the leadership and it turned out to be a narrow win by 1.3 %. David Miliband was [...]
LONDON: The last 200 contestants on the X Factor have been sharpening their performance and singing skills at the X Factor boot camp. The 200 will be whittled down to just 100 performers in tomorrow’s X factor which will be hosted by Simon Cowell, Louis Walsh and guest judge Nicole Scherzinger. The boot camp has [...]
DELHI: The Commonwealth Games, due to start in Delhi on the 3rd Oct has had significant improvements made to its infrastructure which includes the athletes accommodation and relaxation area after several setbacks threatened to stop the games. A number of athletes and Commonwealth countries have expressed concerns about the facilities and the security in place [...]
LONDON: Cruelty to pets has been picked up on CCTV again and is becoming a common CCTV occurrence largely due to the number of CCTV’s in place around the country for security reasons. On this occasion a man was seen leaving his dog and driving off in a Kia Rio hatchback. The dog, which has [...]
LONDON: The Office for National Statistics published the UK’s borrowing figures today and shows that borrowing is not slowing down with a record £15.9 billion for the month of August. According to the London Evening Standard this is the worst August for the UK’s creaking finances since records began and has heaped pressure on the [...]
