Bank of England deputy says economic crisis was underestimated
London - The Bank of England (BoE) failed to understand the seriousness of the looming economic crisis despite rocketing house prices and credit levels, its deputy chief said Monday. John Gieve said the bank had spotted some crazy borrowing and uns...

[ Published on : Thu, 01 Jan 2009 13:50 ]

Bank of England deputy says economic crisis was underestimated
London - The Bank of England (BoE) failed to understand the seriousness of the looming economic crisis despite rocketing house prices and credit levels, its deputy chief said Monday. John Gieve said the bank had spotted some crazy borrowing and uns...

[ Published on : Mon, 22 Dec 2008 11:45 ]

Waterford Wedgwood china producers call in administrator
Dublin/London - Financially troubled prestige china and crystal firm Waterford Wedgwood announced Monday that parts of its business in Ireland and Britain had been placed into administration. The Anglo-Irish group, with a history of 250 years, is bes...

[ Published on : Mon, 05 Jan 2009 08:52 ]

Waterford Wedgwood china cracks under financial strain - Summary
Dublin/London - Iconic china and crystal manufacturers Waterford Wedgwood Monday joined the growing list of high-profile corporate failures when it announced that its business in Ireland and Britain had been placed into administration. The Anglo-Iris...

[ Published on : Mon, 05 Jan 2009 11:52 ]

Brown unhappy about German attack on economy rescue plan - Summary
London - British Prime Minister Gordon Brown was Thursday said to be unhappy about a stinging attack by Germany on his economic policies at a time when he was pressing fellow European nations for more fiscal measures to soften the impact of the glo...

[ Published on : Thu, 11 Dec 2008 11:33 ]

YEARENDER:Britain throws caution to the wind in anti-recession fight
London - In Britain, 2008 will be remembered as the year Prime Minister Gordon Brown abandoned prudence and fell in love with big spending. In order to keep the nation shopping, despite the credit crunch, Brown threw his customary caution to the wind...

[ Published on : Mon, 15 Dec 2008 13:34 ]