Archive for the UK Category
Mortgage arrears ‘to hit 500,000′
Mortgage lenders predict the recession will lead to a huge rise in arrears among their borrowers in 2009.
Surprise rise in UK retail sales
UK retail sales rose unexpectedly last month, official figures show, led by household goods and food, while clothing declined.
Argentina renationalises airline
Argentina is renationalising the Spanish-owned airline, Aerolineas Argentinas, after talks between the owner and government failed.
Bulgaria and Romania ban to stay
Migrants from Bulgaria and Romania should continue to be barred from taking unskilled jobs in the UK, ministers are advised.
Chrysler plants close for a month
The struggling US carmaker Chrysler is to halt all production at its 30 plants for a month starting on Friday.
Madoff under curfew on $10m bail
Alleged hedge fund fraudster Bernard Madoff puts up $10m (£6.4m) bail and is placed under house arrest.
Chrysalis sees its losses triple
Entertainment group Chrysalis sees its annual losses increase threefold after being hit by “extremely challenging” trading conditions.
BA and Qantas scrap merger talks
British Airways and Qantas end their talks after failing to reach an agreement on key parts of a potential merger.
EU faces battle over fish quotas
EU ministers meet to set fishing quotas, as arguments rage over whether to raise the North Sea cod catch.
German confidence at 18-year low
Confidence among German firms has fallen to its lowest level since the country’s reunification in 1990, a survey says.