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Overseas banks agree to G20 bonus reforms
Leading foreign banks have agreed to support the implementation of reforms to bankers pay agreed at the G20 summit in Pittsburgh. The banks, including Merrill Lynch, Credit Suisse, Goldman Sachs International and JP Morgan, have confirmed their commitment to the Financial Services Authority reforms to the remuneration practices. The new rules were published in August and will [...]
Continue reading...London Tube and bus fares rise dramatically
15. October 2009
Mayor of London Boris Johnson has announced Tube fares will rise by 3.9 per cent and bus fares by 12.7 per cent from January. The increases will see a weekly bus pass rise from £13.80 to £16.60, while a zone one Oyster pay-as-you-go Tube fare will go up from £1.60 to £1.80. Mr Johnson blamed the previous [...]
Continue reading...Goldman Sachs announce massive profits
15. October 2009
US banking giant Goldman Sachs has announced record profits of $3.19 billion (£1.96 billion) for the period of July to September. The figures represent a significant rise from the $845 billion for the same period last year. The investment bank reported net revenues of $12.37 billion with the bank’s fixed income division responsible for the bulk of [...]
Continue reading...Three new faces in England squad
14. October 2009
England coach Tony Smith has called up three new faces to his squad for the upcoming Four Nations tournament involving France, Australia and New Zealand. Super League young player of the year Sam Tomkins (Wigan Warriors) joins fellow new boys Chris Bridge (Warrington Wolves) and Kyle Eastmond (St Helens) in the 24-man lineup. The former two also [...]
Continue reading...Massa: It felt like nothing ever happened
13. October 2009
Felipe Massa said it felt like nothing had happened after his first test session in a 2007-spec car since his near-fatal accident at the Hungaroring. Last week, the Brazilian visited Ferrari’s headquarters in Maranello for the first time since his crash, to continue with his physical training and complete some running in the team’s simulator. Over [...]
Continue reading...Wildcard for former champion Henin
13. October 2009
Former champion Justine Henin has been granted a wildcard for next year’s Australian Open. The 27-year-old Belgian announced earlier this year that she would come out of retirement in 2010 after less than two years away, and the former champion has been handed a wildcard for the event she won in Melbourne in 2004. Australian Open tournament [...]
Continue reading...Ecclestone concerned by lack of progress at Donington
13. October 2009
Bernie Ecclestone has admitted that he has doubts over whether Donington Park will be ready in time to host the 2010 British grand prix. It has been reported that Donington Ventures Leisure Limited (DVLL), who are responsible for developing the Leicestershire circuit up to formula one standards, has failed to meet the extended deadline to prove [...]
Continue reading...Rooney withdraws from England squad
13. October 2009
Wayne Rooney has been withdrawn from the England squad ahead of Wednesday night’s match against Belarus after picking up a calf injury. The Manchester United striker will remain with the international set-up for scans on Monday morning before returning to Old Trafford to be further assessed by his club’s medical team. Rooney was forced to run himself [...]
Continue reading...Ferrari rule out Massa return in 2009
13. October 2009
Ferrari have stressed that Felipe Massa’s test of a privately-owned 2007 spec car at Fiorano today in no way signifies a return to racing for the Brazilian in 2009. After undergoing a series of neurological and ophthalmological tests under FIA supervision in Paris over the weekend, Massa was given the all-clear by doctors and by the [...]
Continue reading...Hoggard “devastated” by Yorks release
13. October 2009
Former England seam bowler Matthew Hoggard has admitted being "shocked and bitterly disappointed" at Yorkshire’s decision not to renew his contract after 15 years at the club. During his 15 years at Headingley, Hoggard took 668 wickets in 195 first-class matches for the county, including finishing the current campaign as the club’s leading wicket-taker in the [...]
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Lehman Brothers report blames management and audit firms
The collapse of Lehman Brothers was in part the fault of the firm’s senior executives and auditors Ernst & Young, a report has found. In the 2,2000 page report, Anton Valukas accused the senior management of the firm of "actionable balance sheet manipulation" and said the firm was insolvent for weeks before it filed for bankruptcy. [...]
Continue reading...England close on 374-3 after Cook’s unbeaten ton
An unbeaten century from England captain Alastair Cook helped the tourists to a commanding position on the opening day of the first Test against Bangladesh. The visitors were 374-3 at the close of play on the first day with Cook not out on 158 and Paul Collingwood also unbeaten on 38. Kevin Pietersen had earlier recovered [...]
Continue reading...Karl Rove: Waterboarding terror suspects saved America
George Bush’s former long-time adviser Karl Rove has claimed the torture techniques used on terror suspects under the last White House administration helped avert a succession of attacks. Mr Rove said he was "proud" of the waterboarding of terror suspects, despite the technique, which simulates a drowning sensation, being outlawed by Barack Obama last year and [...]
Continue reading...Wenger tells Real Madrid to leave him alone
Arsenal manager Arsene Wenger has told Real Madrid to leave him alone after the Spanish side’s Champions League exit sparked rumours of an approach for the French coach. It is believed current Real boss Manuel Pellegrini could soon be fired from the Bernabeu after a 2-1 aggregate defeat to Lyon saw the La Liga side fail [...]
Continue reading...Labour peer Baroness Uddin will not face charges over expenses
The Labour peer Baroness Uddin will not face charges over her parliamentary expenses claims, the Crown Prosecution Service (CPS) has announced. She stood accused of fiddling her second homes allowance by claiming her main home was in Kent, but following a Scotland Yard investigation it was decided she would not face prosecution. Keir Starmer QC, the director [...]
Continue reading...Andy Murray: Give players choice on Davis Cup
British number one Andy Murray has stressed the importance of giving the UK’s tennis players a voice if a new Davis Cup captain is sought. Current captain John Lloyd is thought to be on the verge of dismissal after Great Britain’s recent loss to Lithuania, which put the team perilously close to dropping into the Davis [...]
Continue reading...Mother jailed over starvation of seven-year-old daughter
The mother of a seven-year-old girl who starved to death in 2008 has been jailed for 15 years, with the girl’s stepfather being jailed indefinitely. Khyra Ishaq weighed just 2st 9lb (16.5kg) when she died in Birmingham children’s hospital on May 17th 2008 after being taken there from her home in Handsworth. Her mother Angela Gordon was [...]
Continue reading...Didier Drogba named African Footballer of the Year
Chelsea and Ivory Coast forward Didier Drogba has won the highest honour in African football, after picking up the African Footballer of the Year award. The 32-year-old beat Chelsea team-mate Michael Essien and Cameroon striker Samuel Eto’o to the prize, which was confirmed at a ceremony in Accra, Ghana. Essien and Eto’o were the two other shortlisted [...]
Continue reading...China tells Obama not to interfere in its currency strategy
China has hit back at US president Barack Obama after he said the country needed to rethink its currency policy. Yesterday Mr Obama said China needed to adopt a "market-orientated" exchange rate policy for the yuan, which would allow it to appreciate. But while the US claimed that China’s decision to keep the currency low was to [...]
Continue reading...Activist arrested for boarding Japanese whaling ship
A New Zealand activist has been arrested by Japan’s coastguard after he boarded a whaling ship last month. Peter Bethune, who is a member of the Sea Shepherd Conservation Society, stands accused of boarding the ship illegally, when it is said he intended to make a citizen’s arrest of the Japanese crew in an ongoing [...]
Continue reading...Pill users reassured but still risk of ‘violent, accidental death’
Contraceptive pill users have been told it does not increase their long-term risk of death, but there is still an unexplained "higher rate of violent or accidental deaths". In a study in the British Medical Journal (BMJ) women in the UK have been told that those who have used the oral contraceptive pill are less likely [...]
Continue reading...Manchester City plan £1 billion Eastlands revamp
Premier League big spenders Manchester City have agreed a £1 billion plan with local authorities to redevelop the area surrounding their Eastlands stadium. The renovation project will see the surrounding area - one of the poorest in Manchester - turned into a "world class sports and leisure complex", the club announced. The overhaul could also include the [...]
Continue reading...Manchester City plan £1 billion Eastlands revamp
Premier League big spenders Manchester City have agreed a £1 billion plan with local authorities to redevelop the area surrounding their Eastlands stadium. The renovation project will see the surrounding area - one of the poorest in Manchester - turned into a "world class sports and leisure complex", the club announced. The overhaul could also include the [...]
Continue reading...Bombing in Pakistan sees at least 39 killed in double explosion
Two apparently-linked suicide bomb attacks in the Pakistani city of Lahore have killed at least 39 people and injured dozens more. Police in the city said one of the blasts ripped through a crowded market, the RA Bazaar, which was particularly busy because of Friday prayers. The city was attacked earlier this week when 13 people [...]
Continue reading...Bangkok braces for ‘million-man march’ from pro-Thaksin group
Thousands of security forces are being deployed on the streets of the Thai capital Bangkok ahead of a massive anti-government protest planned for this weekend. The United Front for Democracy Against Dictatorship, commonly known as the red shirts, have vowed to rally in Bangkok in a "million-man march" against the present government, although organisers expect around [...]
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15. October 2009
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