Brown calls Obama to discuss financial crisis, Iraq
London - Britains Prime Minister Gordon Brown spoke with US president-elect Barack Obama on the telephone,Browns offices said late Thursday in London. In the ten-minute conversation, the two leaders discussed the financial meltdown, the deployments...

[ Published on : Thu, 06 Nov 2008 08:39 ]

BP reports huge profit rise in third quarter of 2008 - Summary
London - British Prime Minister Gordon Brown Tuesday called on energy companies to pass on the fall in oil prices to consumers as anger spread over a mammoth leap in quarterly profits for oil giant British Petroleum (BP). In its biggest-ever quarterl...

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

Corus steel giant to cut production by 30 per cent
London - Steel giant Corus, Europes second-largest steel company owned by Indias Tata Steel, Friday announced plans to cut production by 30 per cent over the next six months. The company, formerly British Steel, cited the global economic downturn f...

[ Published on : Fri, 07 Nov 2008 13:40 ]

Donald Trump gets go-ahead for luxury golf resort in Scotland
London - US tycoon Donald Trump Monday won a long and acrimonious battle over plans to build a luxury golf course, hotel complex and apartments in Scotland, leaving local residents and environmental groups the disappointed losers. John Swinney, finan...

[ Published on : Mon, 03 Nov 2008 12:38 ]

Britains Brown opens tour of Gulf for financial backing
Riyadh - British Prime Minister Gordon Brown was due in Saudi Arabia later Saturday at the start of a four-day Gulf tour that will also take him to Qatar and the United Arab Emirates. Brown will attempt to win the backing of oil-rich Gulf nations in ...

[ Published on : Sat, 01 Nov 2008 12:36 ]

Britains Royal Bank of Scotland expects 2008 full-year losses
London - Britains Royal Bank of Scotland (RBS), which is in line to benefit to the tune of 20 billion pounds (31 billion dollars) from a government bail-out programme, Tuesday unveiled more write- downs and signalled that it expected to make its fir...

[ Published on : Tue, 04 Nov 2008 10:38 ]

British economy shrinks sending pound into a nosedive - Summary
London - The British economy has shrunk for the first time in 16 years, the Office for National Statistics said Friday, sending shares and the pound into a tailspin. The release of the figures showing the economy in the European Unions second bigges...

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

Brown says higher public borrowing will help Britain beat recession
London - The British government will increase public sector borrowing to speed up economic activity in order to tackle the looming recession, Prime Minister Gordon Brown said Monday. Speaking to a group of academics and industrialists in London, Brow...

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

Brown urges increase in IMF resources to halt financial contagion
London - British Prime Minister Gordon Brown Tuesday called for an increase in funding of the International Monetary Fund (IMF) to cut the risk of financial contagion and said China and oil-rich Gulf states should make the bulk of the contributions...

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

Merkel and Brown call for global measures to tackle crisis - Summary
London- Britain and Germany will work together to prevent the spread of the current global financial crisis by seeking a reform of international institutions and encouraging banks to start lending again, Prime Minister Gordon Brown and Chancellor Ang...

[ Published on : Thu, 30 Oct 2008 02:33 ]