Link to the article: Channel 4 News
UK economic growth in the third quarter grew by a better than expected 0.8 per cent. Our Economics Editor, Faisal Islam says it's the best day of news for George Osborne since he became Chancellor.
Tuesday, 26 October 2010
Wednesday, 20 October 2010
Unions Condemn Spending Review Job Losses
Link to the article: Channel 4 News
George Osborne said it was the day Britain stepped back from the brink. But union leaders tell Channel 4 News the spending review will lead to "wholesale unemployment".
The Chancellor confirmed that almost 500,000 public sector jobs were set to be axed as a result of the spending review, leading to warnings from union leaders that the UK was being condemned to "unnecessary wholesale unemployment".
Unison described the cuts as "ideologically driven" and accused the Government of failing to consider that there was a fairer alternative.
Monday, 11 October 2010
IMF fails to curb currency war fears
OCT.11 - Fears of an international currency war grow as International Monetary Fund weekend meeting fails to tackle tensions in money markets.Penny Tweedie reports.
Microsoft unveils new phones
Oct 11 - Summary of the early headlines: Microsoft aims to restart mobile phone unit; Wall Street expecting big bonus. Conway G. Gittens reports
Virgin spaceship's first solo flight
Oct 11 - The world's first commercial spacecraft, operated by Virgin Group, successfully completes its inaugural solo test flight.
Emerging economies snap up big brands
Link to the article: Financial Times
By Louise Lucas in London
Emerging market buyers are swooping on food and drink assets in the developed world – in some cases relieving private equity investors of holdings that have already been shuffled between sponsors.
Bright Food of China is in exclusive talks to buy United Biscuits from private equity owners Blackstone and PAI Partners in a deal that would value the maker of British favourites such as Jaffa Cakes and Twiglets at £2.5bn ($4bn), it emerged last month.
By Louise Lucas in London
Emerging market buyers are swooping on food and drink assets in the developed world – in some cases relieving private equity investors of holdings that have already been shuffled between sponsors.
Bright Food of China is in exclusive talks to buy United Biscuits from private equity owners Blackstone and PAI Partners in a deal that would value the maker of British favourites such as Jaffa Cakes and Twiglets at £2.5bn ($4bn), it emerged last month.
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