Tel Aviv, Nov. 12 : Israeli leaders Tzipi Livni and Benjamin Netanyahu are competing to cast themselves as Obama-like champions of change, clean government and bipartisanship in their respective bids to win general elections.
London - The British economy is already in recession and will shrink by as much as 2 per cent by early 2009, the Bank of England (BoE) said Wednesday.
The bank's quarterly inflation report, presented by central bank governor Mervyn King Wednesday, said the economic landscape had changed "dramatically" since August.
Interest rates could tumble to record lows next year, and perhaps to 1 per cent by 2010, as policymakers attempted to ward off a severe and prolonged recession, the report said.
Brussels - The European Commission on Wednesday imposed an unprecedented 1.38-billion-euro (1.76-billion-dollar) combined fine on four car glass manufacturers found guilty of forging a cartel designed to keep prices artificially high.
An investigation concluded that managers of Asahi of Japan, Britain's Pilkington, Saint-Gobain of France and Belgium's Soliver had taken part in a series of illegal talks in a number of European airports and hotels between 1998 and 2003 to fix prices and market share and allocate customers to each other.
Madrid - The Spanish government is preparing to toughen the country's anti-terrorism laws as the hunt for fugitive ETA member Ignacio de Juana Chaos in Ireland continued Wednesday.
The daily El Pais reported on Wednesday that new government measures will mainly target members of the militant Basque separatist group ETA, and are intended to bring the penalties for terrorism offences as close as possible to life imprisonment, which is deemed incompatible with the Spanish constitution.
New York- Credit card company American Express is to apply for 3.5 billion dollars' in US federal emergency assistance in trying to cope with the effects of the financial market crisis, the Wall Street Journal reported Wednesday.
The paper cited unidentified sources for its report, coming at a time when more and more consumers are falling behind on their credit card accounts.
American Express Co. qualifies for support under the 700-billion- dollar Troubled Asset Relief Program (TARP) after having converted itself into a bank-holding company two days earlier, a move which other financial institutes in the US are considering.
Singapore - In the wake of the world-wide financial crisis consumer confidence has turned pessimistic across the Asia Pacific region, according to a survey released Wednesday by MasterCard.
From India to China, and Japan to New Zealand the urban middle class were more pessimistic for the first half of 2009 than six months ago, according to the latest bi-annual Consumer Confidence survey by MasterCard Worldwide released in Singapore.
MasterCard found that only Vietnam, China, India and Singapore of the 14 markets surveyed are optimistic about the first half of next year.
Tel Aviv, Nov. 12 : Israeli leaders Tzipi Livni and Benjamin Netanyahu are competing to cast themselves as Obama-like champions of change, clean government and bipartisanship in their respective bids to win general elections.
London - The British economy is already in recession and will shrink by as much as 2 per cent by early 2009, the Bank of England (BoE) said Wednesday.
Brussels - The European Commission on Wednesday imposed an unprecedented 1.38-billion-euro (1.76-billion-dollar) combined fine on four car glass manufacturers found guilty of forging a cartel designed to keep prices artificially high.
Madrid - The Spanish government is preparing to toughen the country's anti-terrorism laws as the hunt for fugitive ETA member Ignacio de Juana Chaos in Ireland continued Wednesday.
New York- Credit card company American Express is to apply for 3.5 billion dollars' in US federal emergency assistance in trying to cope with the effects of the financial market crisis, the Wall Street Journal reported Wednesday.
Singapore - In the wake of the world-wide financial crisis consumer confidence has turned pessimistic across the Asia Pacific region, according to a survey released Wednesday by MasterCard.
