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  • UK urged by IMF to bring forward high value spending UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • UKs FTSE suffers worst day in a year on stimulus taper worries

    * Yen rises versus dollar, euro as Nikkei tumbles* Worries that Fed may taper QE, weak China PMI hit stocks* Euro helped somewhat by PMI data, still vulnerable* Aussie hit hard by weak China data, falling ...

  • U.S. urges action from Europe to avert prolonged stagnation

    WASHINGTON (Reuters) - The United States on Thursday called on Europe to act decisively to boost its economy and counter the risk of a protracted stagnation that would undermine economic growth in America."Decisive action is needed now to restart demand and avoid the risk of protracted stagnation," U.S. Treasury Under Secretary Lael Brainard told U.S. lawmakers.Speaking for the ...

  • Tesco will not pay executive bonuses without rise in profits

    executives will not receive a bonus in the current financial year unless they can reverse a decline in profits at Britain's biggest supermarket operator, the company said in its annual report on Thursday.The report rounds off a torrid year for the company, which announced a withdrawal from the United States and wrote down the value of its global operations by $3.5 billion (2.3 billion ...

  • Pearson overhauls business structure to target growth markets

    , buffeted by a string of managerial changes and slowing growth, unveiled a further shake-up on Thursday that it said would take some time to implement.Shares in the educational publisher and owner of the Financial Times dropped in reaction to the news as analysts said there were risks that the reorganisation, which increases its focus on emerging markets and digital products, would drag on ...


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Movie Review

The Good Shepherd

The Good Shepherd

In reviewing Robert Redfords somber Oscar winner Ordinary People (1980), Pauline Kael theorized that, when popular actors turn to directing, they feel the need to choose material as a penance for the frivolous good times theyve given us. While no one would accuse Robert De ... ...

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  • EU lawmakers back French push to limit U.S. trade talks

    By Claire Davenport and Robin EmmottBRUSSELS (Reuters) - European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington.The European Parliament, which can veto EU trade accords, voted 460 in favour and 105 against with 28 abstentions to limit ...

  • Apple enjoyed Irish tax holiday from the start

    Reuters © Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland in this October 6, 2011 file photo. REUTERS/Michael ...

  • General Electric considering IPO for finance business - CEO

    is considering spinning off parts of its financial arm, GE Capital, through an initial public offering as part of its plan to reduce the size of the business, Chief Executive Jeffrey Immelt said."The capital markets are very receptive to IPOs," Immelt said at the Electrical Products Group Conference in Florida on Wednesday. "I think you basically have as good a setting as you ...

  • FTSE falls sharply from record high as global panic causes share sell-off

    The FTSE 100's surge towards all-time highs was brought to a spectacular halt today as panicking investors dumped shares in a global ...

  • SABMiller capitalise on rising demand for premium lagers

    Its UK arm Miller Brands has been is targeting lager-lovers looking for a more expensive pint with its range of imported beer, including Italy's Peroni Nastro Azzurro. It said today it is looking to deliver similar results with Pilsner, the Czech Republic brand which grew UK sales 10 per cent over the past year.At the 2012 Taste of London Festival 4,700 pints of unpasteurised Pilsner ...

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