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Showing posts with label BBC NEWS. Show all posts
Showing posts with label BBC NEWS. Show all posts
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Mar 13, 2012
BBC News: Hacking
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Six arrested over phone hacking
Five men and one women have been arrested on suspicion of conspiracy to pervert the course of justice over alleged phone hacking at News International
For more details, see
Feb 29, 2012
Monkees' David Jones Dies aged 66: BBC News
Monkees' Davy Jones dies aged 66
Davy Jones, British-born lead singer with 60s band The Monkees, dies aged 66 at his Florida home after a heart attack, his publicist confirms. 420Jan 24, 2012
BBC NEWS: Global Economy in Danger Zone:
Global economy 'in danger zone'
- Lagarde warns of '1930s moment'
- IMF boss in warning on austerity
- What caused the eurozone crisis?
- How will the euro crisis end?
Gulf states abandon Syria mission
Gulf Arab states pull out of the Arab League's observer mission
in Syria as Damascus condemns the league's efforts to "internationalise"
the crisis.
Scorsese's Hugo up for 11 Oscars
Martin Scorsese's 3D epic adventure film Hugo leads the charge at this year's Academy Awards with 11 nods.
82-
Egypt 'to end' state of emergency
Egypt's generals say the state of emergency will be lifted partially on Wednesday, the first anniversary of the uprising against Hosni Mubarak.
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Sextuplet shock for Afghan woman New
A woman in northern Afghanistan gives birth to sextuplets, despite being unaware she was carrying more than one child.
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French 'to stay in Afghanistan'
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Strong solar storm lashes Earth
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Wealthy Romney reveals 14% taxes 271
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Turkey says French bill 'racist' 281
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High-profile Spain judge on trial 43
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Russian Holocaust site omits Jews
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Google+ relaxes real name policy
Jul 25, 2011
Geithner confident US politicians will agree debt deal: BBC News | Business
Geithner confident US politicians will agree debt deal
US
Treasury Secretary Timothy Geithner has said he is confident the White
House and Congress will agree a deal to raise the US debt ceiling.
He said it was "unthinkable" the US would not meet its obligations on time.Mr Geithner's comments to CNN come after talks between President Barack Obama and Congressional leaders on Saturday failed to make a breakthrough.
The US risks default on its $14.3tn (£8.7tn) debt without a deal to raise the borrowing limit before 2 August.
At this point the US Treasury could run out of money to pay all of its bills - which could lead to interest rate rises, threaten the US economic recovery and in turn the global recovery.
The US federal government is running a large budget deficit - equal to $1.3tn, or more than $4,000 per person, during the 12 months to June this year.
The borrowing is required to meet the governments agreed spending plans and because it's ability to raise taxes is limited under current laws.
But the government must also comply with a law that limits the total amount of debt it can take on - the debt ceiling.
President Barack Obama and fellow Democrats have been seeking to hammer out a deal with Republicans who control the House of Representatives to cut the annual budget deficit in return for a rise in the total debt ceiling.
Continue reading the main story
Who owns the $14.3tn debt?
- US government owes itself $4.6tn
- Remaining $9.7tn owed to investors
- They include banks, pension funds, individual investors, and state/local/foreign governments
- China: $1.16tn, Japan: $0.91tn, UK: $0.35tn
- Deficit is annual difference between spending and revenue, $1.29tn in 2010
- Congress has voted to raise the US debt limit 10 times since 2001
Mr Geithner said that a
Republican proposal to first raise the debt limit, and then negotiate
spending cuts, was "irresponsible" and would not be agreed by Democrats.
'Reckless games'
The sticking point is the issue of taxation.President Obama wants the debt reduction deal to include a combination of spending cuts and tax rises, but Republicans in both houses of Congress are strongly opposed to the latter.
Mr Obama was joined at the negotiating table on Saturday by his Vice-President Joe Biden, Republican House Speaker John Boehner, Democratic House Minority leader Nancy Pelosi, Democratic Senate Majority leader Harry Reid and Senate Republican leader Mitch McConnell.
Following the meeting, the White House urged Congress to "refrain from playing reckless political games with our economy... and do its job, avoiding default and cutting the deficit".
Both Mr McConnell and Mr Boehner issued statements saying they intended "to find a bipartisan solution to significantly reduce Washington spending and preserve the full faith and credit of the United States".
Aides said they expected to work through the weekend to come up with a bill that would be acceptable to both sides for Monday.
On Friday, Mr Boehner accused the president of moving "the goal posts", saying they had been close to a deal until Mr Obama demanded $400bn in tax increases on top of about $800bn in revenues that would have been reaped through a comprehensive rewrite of the tax code.
Mr Obama had declared his deal "extraordinarily fair", offering to cut $650bn from Medicare, Medicaid and other entitlements, as well as slashing $1tr in discretionary spending.
While Republicans in Congress are unwilling to consider raising new taxes, their Democrat counterparts are opposed to cutting popular healthcare and welfare programmes for pensioners and the poor.
A member of the UK government entered the fray on Sunday, with Business Secretary Vince Cable calling the Republican leaders "right wing nutters".
He said a US debt default would harm the global economy.
Dec 12, 2010
South Korea fishing boat sinks in Southern Ocean: BBC News
13 December 2010
Last updated at 03:43 GMT
The ship is said to have gone down more than 2,000km (1,250 miles) south of New Zealand.
Eight of the crew were South Korean; eight Chinese, 11 Indonesians, three Filipinos and one Russian were also on board, Seoul's Yonhap news agency said.
South Korea's foreign ministry said the 614-tonne ship sunk at around 0430 South Korean time on Monday (1930 GMT on Sunday).
Twenty sailors were rescued by another fishing boat operating nearby, the South Korean foreign ministry said in a statement.
Seoul said it had asked New Zealand to help in the rescue effort.
New Zealand's maritime spokesman Ross Henderson told AFP that all vessels in the remote area had been told to go to the site to help search for survivors. A helicopter has also been sent to the area, he said.
There had been no distress call before the ship sunk, he added.
South Korea fishing boat sinks in Southern Ocean
A South Korean deep sea trawler has sunk in the Southern Ocean, killing four crew members, officials say.
Rescue officials said 18 of the 42-man crew remain missing, while 20 have been rescued.The ship is said to have gone down more than 2,000km (1,250 miles) south of New Zealand.
Eight of the crew were South Korean; eight Chinese, 11 Indonesians, three Filipinos and one Russian were also on board, Seoul's Yonhap news agency said.
South Korea's foreign ministry said the 614-tonne ship sunk at around 0430 South Korean time on Monday (1930 GMT on Sunday).
Twenty sailors were rescued by another fishing boat operating nearby, the South Korean foreign ministry said in a statement.
Seoul said it had asked New Zealand to help in the rescue effort.
New Zealand's maritime spokesman Ross Henderson told AFP that all vessels in the remote area had been told to go to the site to help search for survivors. A helicopter has also been sent to the area, he said.
There had been no distress call before the ship sunk, he added.
Oct 31, 2010
Aug 25, 2010
BBC NEWS : Irish Credit Rating is Downgraded. August 25th., 2010
Irish credit rating is downgraded
The Irish Republic has its credit rating cut, reflecting fears that the rising cost of propping up banks will further weaken its finances-
US new home sales in sharp fall
New homes sales in the US fall sharply in July, adding to concerns over the weakness in the US economic recovery.
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Google's Gmail offers free calls
Google takes on Skype by offering free and cheap calls from its free web-based email service, Gmail.
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No export limit for Ukraine grain
The Ukrainian government says there are no grounds to limit grain exports, despite fears it would impose curbs.
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Germany moves towards bank levy
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India passes landmark nuclear law
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BHP Billiton sees profits rebound
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FSA fines Societe Generale £1.58m
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German business confidence rises
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Heineken profits up as sales fall
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Clegg slams 'partial' IFS report
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Profits fall at Pinewood studios
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US home sales drop to 10-year low
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Private defence firm fined $42m
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Gold jewellery demand continues
Jul 22, 2010
BBC : Business News.- Europe shares up on recovery hope. July 22nd.,2010.
Europe shares up on recovery hope
Major European stock markets rise after encouraging economic data boosts confidence in the global economic recovery.
Finland's Nokia profits slump 40%
Profits at Finnish mobile phone handset company Nokia slump by 40% in the second quarter compared with 2009. -
Credit Suisse profits hit $1.5bn
Swiss bank Credit Suisse reports higher-than-expected profits of 1.6 billion Swiss francs for the three months to the end of June.
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Oil firms fund deepsea spill unit
Four oil firms agree to pool $1bn to fund a new deepsea response unit in the wake of BP's oil spill in the Gulf of Mexico.
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PayPal gives eBay profits boost
Auction site operator eBay has reported a 26% rise in profits thanks largely to increased use of its PayPal service.
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IMF cancels Haiti's $268m debts
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High-value deals boost art prices
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Sizzling trains spark German row
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Weather threat for BP spill site
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Conrad Black released from prison
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Coca-Cola reveals bubbly profits
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Morgan Stanley sees profit surge
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Racing receives prize money boost
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Key vote on academics' pensions
Expert Views
Robert Peston's Business Analysis
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Testing the banks
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Reconstructing BP
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Will eurozone banks be rescued twice?
Stephanomics - Economic Insights
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Eurozone future
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More jobs but more pressure
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In Budd we trust
Jul 1, 2010
BBC : Business Last Updated at 01:50GMT, Perú Time GMT-5. june 1rst., 2010
Page last updated at 01:50 GMT, Friday, 2 July 2010 02:50 UK
Japanese car giant Toyota recalls 270,000 cars worldwide in the latest problem to hit the manufacturer. |
Australia agrees miners tax deal The Australian government has reached a deal with mining companies over controversial tax plans. | Stocks down on manufacturing data Disappointing manufacturing reports from China and Europe worry investors, raising concerns over the economic recovery. |
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