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Showing posts with label BBC NEWS. Show all posts
Showing posts with label BBC NEWS. Show all posts

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

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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. 420

Jan 24, 2012

BBC NEWS: Global Economy in Danger Zone:

BBC News

Global economy 'in danger zone'

Athens Stock Exchange, 23 January 2012

The International Monetary Fund says the world's economy is "deeply into the danger zone", with the eurozone crisis requiring urgent action.

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Asa Butterfield in HugoScorsese's Hugo up for 11 Oscars

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Jul 25, 2011

Geithner confident US politicians will agree debt deal: BBC News | Business

Geithner confident US politicians will agree debt deal

Timothy Geithner Mr Geithner's comments follow after a meeting on Saturday failed to make a breakthrough
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.

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
Source: US Treasury, May 2011, Congressional Research Service, Congressional Budget Office
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.
debt graphic

Dec 12, 2010

South Korea fishing boat sinks in Southern Ocean: BBC News

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.

Aug 25, 2010

BBC NEWS : Irish Credit Rating is Downgraded. August 25th., 2010

Ireland unemploymentIrish 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

Jul 22, 2010

BBC : Business News.- Europe shares up on recovery hope. July 22nd.,2010.

Frankfurt stock exchange trader22 July 2010 Last updated at 11:38 GMT

Europe shares up on recovery hope

Major European stock markets rise after encouraging economic data boosts confidence in the global economic recovery.

Nokia phone in back pocketFinland's Nokia profits slump 40%

Profits at Finnish mobile phone handset company Nokia slump by 40% in the second quarter compared with 2009.

Expert Views

Stephanomics - Economic Insights

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

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