United Kingdom

London stock market down as recession fears grow

London stock market down as recession fears grow London - Across-the-board falls in share prices Thursday accounted for a 5-per-cent drop in the Financial Times Share Index (Footsie) in London which closed at a 5-year-low.

Analysts said not only financial shares, but all sectors from from construction to mining and tourism, were affected by the downward trend fuelled by fears over a looming recession.

The Footsie closed down with a loss of 218.2 points at 3,861.4 points, dropping below the psychologically important 4,000 barrier.

Titanic survivor to sell off mementoes to raise cash for care

titanicLondon- The last remaining survivor of the Titanic in Britain has said she is forced to sell mementoes from the ill-fated cruise liner to pay for her nursing home fees, reports said Thursday.

Millvina Dean, 96, is hoping to raise more than 3,000 pounds (5,200 dollars) from selling a suitcase full of clothes given to her family by the people of New York when they arrived in America after their rescue.

Dean is also putting up for auction rare prints of the Titanic which have been signed by the artists along with compensation letters sent to her mother by the Titanic Relief Fund.

Google gets royal seal of approval - for a day

Google gets royal seal of approval - for a day London - Google. co. uk got a royal makeover for the day to mark a visit to its British headquarters by Queen Elizabeth II and her husband, Prince Philip, Thursday.

The couple, both in their 80s, erupted into fits of giggles when shown a clip of a baby with an infectious laugh from the company's YouTube video site, at its headquarters in London.

Google's British homepage logo was given a makeover for the occasion, featuring a specially-commissioned "Google doodle" of the Queen's profile and a crown sitting on top of the letter "E".

Britain says it will raise target on greenhouse emission

David MilibandLondon  - Britain will sign up to a legally-binding pledge to cut its greenhouse gas emissions by 80 per cent by 2050, compared with 1990 levels, raising the target from an earlier 60 per cent, Energy and Climate Change Secretary Ed Miliband announced Thursday.

He said the move would make Britain the first country in the world to commit to such far-reaching cuts in the production of carbon dioxide and other gases blamed for global warming.

Former UK deputy PM Prescott admits to disliking Cherie Blair

London, Oct 16 : Former Prime Minister Tony Blair’s deputy has admitted that he disliked Cherie Blair, and accuses her of snobbery in his new documentary on class.

John Prescott admits that he did not like Tony Blair’s wife in the BBC programme, “Prescott: The Class System and Me.”

The film features the politician and his wife inside “Prescott Towers” in Hull and sees him visit middle and upper class bastions such as the Henley Regatta and the Hay-on-Wye Literary Festival.

Prescott admits in the BBC2 film: “We never got close to the Blairs... it just didn’t happen. We were not their set; certainly we were not her set.”

Brown wants to rewrite the rules of capitalism

Gorden BrownLondon  , Oct 16 : British Prime Minister Gordon Brown has called for the most ambitious reform of the world economic order since the Second World War in order to prevent a repeat of the current global financial crisis.

Brown wants dozens of world leaders to meet for a major one-off summit where they would rewrite the rules of international capitalism that have stood since 1944.

The foundations of the current world financial and economic system were laid at Bretton Woods in New Hampshire in 1944.

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