Britains queen puzzled at delay in spotting credit crunch
London - Britains Queen Elizabeth II, who was Wednesday given an academic briefing on the origins of the credit crunch, wound up the lesson with the searching question of why nobody had seen the crisis coming. The 82-year-old monarch had the compl...

[ Published on : Wed, 05 Nov 2008 11:39 ]

Music company EMI reports 757-million-pound loss
London - British music company EMI reported a loss of 757 million pounds (1.2 billion dollars) in its first year as part of the private equity group Terra Firma, news reports said Saturday. Revenues dropped by 19 per cent to 1.46 billion pounds in th...

[ Published on : Wed, 29 Oct 2008 06:32 ]

BA half-year profits nosedive in turbulent environment
London - Pre-tax profits at British Airways (BA) slumped by nearly 92 per cent to just 52 million pounds (83 million dollars) over the summer period - one of the bleakest on record the airline said Friday. Half-yearly profits between April and Sept...

[ Published on : Fri, 07 Nov 2008 12:40 ]