Link to the article: Channel 4 News
Last Modified: 21 Apr 2009
By: Faisal Islam
The British government could lose £200bn on the cash it has poured into our banking system.
That dramatic estimate came from the International Monetary Fund and will make uncomfortable reading for the chancellor as he prepares the budget statement and another factor could undermine the economy.
For the first time in half a century the UK is experiencing deflation, a general fall in price levels.
Tuesday, 21 April 2009
Monday, 20 April 2009
Darling's budget balancing act
Link to the article: Channel 4 News
Last Modified: 20 Apr 2009
By: Andrew Thomas
Chancellor Alistair Darling faces a financial dilemma, as a combination of cuts in public spending and green incentives are expected to form the basis of Wednesday's budget.
Launching a new industrial strategy this morning, Prime Minister Gordon Brown said that Britain was "overcoming" the recession and stressed the need to continue to invest and "go for growth".
But with public sector debt continuing to spiral and fears that the government will never recoup spending on the banks' bailout, there are questions over whether the chancellor can make the sums add up.
Last Modified: 20 Apr 2009
By: Andrew Thomas
Chancellor Alistair Darling faces a financial dilemma, as a combination of cuts in public spending and green incentives are expected to form the basis of Wednesday's budget.
Launching a new industrial strategy this morning, Prime Minister Gordon Brown said that Britain was "overcoming" the recession and stressed the need to continue to invest and "go for growth".
But with public sector debt continuing to spiral and fears that the government will never recoup spending on the banks' bailout, there are questions over whether the chancellor can make the sums add up.
The Sinking of Website Pirate Bay
Link to the article: BBC Newsnight
A court in Sweden has jailed four men behind The Pirate Bay, the world's most high-profile file-sharing website, in a landmark case.
Newsnight's Stephen Smith reports.
A court in Sweden has jailed four men behind The Pirate Bay, the world's most high-profile file-sharing website, in a landmark case.
Newsnight's Stephen Smith reports.
Spending cuts as economy shrinks
Link to the article: Channel 4 News
Last Modified: 20 Apr 2009
By: Faisal Islam
With the first signs of the cost of the banking bailout coming to light, this week's budget will slash up to £15bn from public spending.
Alastair Darling will outline a range of efficiency savings across Whitehall departments, with the British economy set to contract by as much as 3.5 per cent this year.
The prime minister also launched a new "strategic plan" today to lead the country out of recession. In place of the discredited banking system, there is help for businesses to invest and "go for growth".
Last Modified: 20 Apr 2009
By: Faisal Islam
With the first signs of the cost of the banking bailout coming to light, this week's budget will slash up to £15bn from public spending.
Alastair Darling will outline a range of efficiency savings across Whitehall departments, with the British economy set to contract by as much as 3.5 per cent this year.
The prime minister also launched a new "strategic plan" today to lead the country out of recession. In place of the discredited banking system, there is help for businesses to invest and "go for growth".
Friday, 17 April 2009
Is Pirate Bay really sunk?
Link to the article: Channel 4 News
By: Benjamin Cohen
So Pirate Bay's founders were found guilty of promoting copyright theft by others and sentenced to one year in prison and landed with a £2.5m fine.
Go to http://twitter.com/benjamincohen to discuss the verdict with Ben.
By: Benjamin Cohen
So Pirate Bay's founders were found guilty of promoting copyright theft by others and sentenced to one year in prison and landed with a £2.5m fine.
Go to http://twitter.com/benjamincohen to discuss the verdict with Ben.
Thursday, 16 April 2009
IMF boss on economic recovery
Link to the interview: BBC Newsnight
Jeremy Paxman spoke to Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund, and began by asking him when the IMF expects the economic recovery to begin, and where?
Jeremy Paxman spoke to Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund, and began by asking him when the IMF expects the economic recovery to begin, and where?
The state of the UK car industry
Link to the article: Channel 4 News
Last Modified: 16 Apr 2009
By: Channel 4 News
UK car makers have responded to the economic downturn by cutting jobs, reducing working hours and suspending production.
Here are the latest figures.
Society of Motor Manufacturers and Traders (SMMT) vehicle production figures across the UK
* The number of new cars produced in February in the UK crashed 59 per cent from February 2008 to just 59,777 cars
* Only 5,870 commercial vehicles were made in February, down 71.6 per cent on February 2008
* The number of vehicles exported also fell by 58.4 per cent to 51,067
* The number of new cars and commercial vehicles bought in the UK plummeted by 66.7 per cent to 14,580
Last Modified: 16 Apr 2009
By: Channel 4 News
UK car makers have responded to the economic downturn by cutting jobs, reducing working hours and suspending production.
Here are the latest figures.
Society of Motor Manufacturers and Traders (SMMT) vehicle production figures across the UK
* The number of new cars produced in February in the UK crashed 59 per cent from February 2008 to just 59,777 cars
* Only 5,870 commercial vehicles were made in February, down 71.6 per cent on February 2008
* The number of vehicles exported also fell by 58.4 per cent to 51,067
* The number of new cars and commercial vehicles bought in the UK plummeted by 66.7 per cent to 14,580
'Green motoring revolution'
Link to the article: Channel 4 News
Last Modified: 16 Apr 2009
By: Jenny Wivell
From 2011 the government is to offer anyone who buys an electric car £5,000, as John Sparks reports.
The Transport Secretary Geoff Hoon said the incentives would promote electric and hybrid cars and help Britain lead a "green motoring revolution".
But critics are unsure, as at present electric vehicles take several hours to charge up and cannot travel much further than 40 miles.
And green campaigners say more investment in public transport is needed.
More interviews (2) @ Channel 4 News;-
(1) Interview: Electric car grants
(2) Are electric cars the best choice?
Last Modified: 16 Apr 2009
By: Jenny Wivell
From 2011 the government is to offer anyone who buys an electric car £5,000, as John Sparks reports.
The Transport Secretary Geoff Hoon said the incentives would promote electric and hybrid cars and help Britain lead a "green motoring revolution".
But critics are unsure, as at present electric vehicles take several hours to charge up and cannot travel much further than 40 miles.
And green campaigners say more investment in public transport is needed.
More interviews (2) @ Channel 4 News;-
(1) Interview: Electric car grants
(2) Are electric cars the best choice?
Wednesday, 15 April 2009
Business Update:China GDP record low
Link to the article: Reuters
(01:27) Report
Apr 15 - Chinese newspaper reports China's annual GDP growth slipped to a record low in the first quarter.
Kitty Bu reports
(01:27) Report
Apr 15 - Chinese newspaper reports China's annual GDP growth slipped to a record low in the first quarter.
Kitty Bu reports
Tuesday, 14 April 2009
Germany bans GM maize
Link to the article: Channel 4 News
(01:47) Report
Apr 14 - Germany is to ban the cultivation and sale of maize with genetically modified organisms (GMOs), following several other EU countries.
Joanna Partridge reports.
(01:47) Report
Apr 14 - Germany is to ban the cultivation and sale of maize with genetically modified organisms (GMOs), following several other EU countries.
Joanna Partridge reports.
Patents rejected in software battle
Link to the article: Reuters
(01:46) Report
April 14 - U.S. Patent and Trademark Office rejects two patents claimed by Alcatel-Lucent which could nullify their multi million dollar damages claim against Microsoft.
Penny Tweedie reports.
(01:46) Report
April 14 - U.S. Patent and Trademark Office rejects two patents claimed by Alcatel-Lucent which could nullify their multi million dollar damages claim against Microsoft.
Penny Tweedie reports.
UK shop closure hotspots revealed
Link to the article: Channel 4 News
Last Modified: 14 Apr 2009
By: Darshna Soni
As the government announces new funding to turn empty shops into art galleries, cafes or advice centres, we visit Alfreton Road in Nottingham.
The scheme is attempting to stop the recession turning high streets into crime-ridden ghost towns.
As the recession takes hold, Britain's high streets are increasingly affected, as '"to let' signs replace the latest fashions in shop fronts.
Channel 4 News has seen new figures from the business research company Experian, which predict that in some areas of the country up to 80 per cent of the floor space is now vacant.
Last Modified: 14 Apr 2009
By: Darshna Soni
As the government announces new funding to turn empty shops into art galleries, cafes or advice centres, we visit Alfreton Road in Nottingham.
The scheme is attempting to stop the recession turning high streets into crime-ridden ghost towns.
As the recession takes hold, Britain's high streets are increasingly affected, as '"to let' signs replace the latest fashions in shop fronts.
Channel 4 News has seen new figures from the business research company Experian, which predict that in some areas of the country up to 80 per cent of the floor space is now vacant.
Thursday, 9 April 2009
Link to the article: Channel 4 News
Last Modified: 09 Apr 2009
Source: ITN
Legendary record producer Pete Waterman has accused internet giant Google of "exploiting" him.
Waterman, 62, said the Rick Astley classic Never Gonna Give You Up, which he co-wrote and which was the subject of a YouTube craze last year, had earned him just £11 from Google, despite being viewed 154 million times.
At a press conference to mark the launch of the fairplayforcreators.com website campaigning for a fairer deal for songwriters whose work is featured on YouTube - which is owned by Google - Waterman said local radio was more profitable for him than the internet.
"There was I sitting at Christmas thinking, 'I must have made a few bob this year with the old Rickrolling'," said Waterman, who is worth a reported £47 million.
"I rang my publisher and they said 'You'll be all right', until I saw the royalty statement. £11.
"If 154 million plays means £11 I get more from Radio Stoke playing Never Gonna Give You Up than I do from YouTube."
The Rickrolling phenomenon involved internet users sending each other web links that appeared to be relevant to something they were discussing, but were in fact disguised links to the Astley song on YouTube.
The PRS For Music organisation wants Google and YouTube to pay higher royalties to songwriters for use of their work online.
A YouTube spokesman said: "We absolutely believe that artists and songwriters should make money from the use of their material.
"We previously had a licence with the PRS to enable this to happen and we are very committed to reaching terms so that we can renew our licence.
"The more music videos YouTube streams, and the more popular those music videos are, the more money YouTube will generate to share with the PRS and its songwriters.
"It's a win-win arrangement. But YouTube cannot be expected to engage in a business in which it loses money every time a music video is played - that is simply not a sustainable business model."
© Independent Television News Limited 2009. All rights reserved.
Last Modified: 09 Apr 2009
Source: ITN
Legendary record producer Pete Waterman has accused internet giant Google of "exploiting" him.
Waterman, 62, said the Rick Astley classic Never Gonna Give You Up, which he co-wrote and which was the subject of a YouTube craze last year, had earned him just £11 from Google, despite being viewed 154 million times.
At a press conference to mark the launch of the fairplayforcreators.com website campaigning for a fairer deal for songwriters whose work is featured on YouTube - which is owned by Google - Waterman said local radio was more profitable for him than the internet.
"There was I sitting at Christmas thinking, 'I must have made a few bob this year with the old Rickrolling'," said Waterman, who is worth a reported £47 million.
"I rang my publisher and they said 'You'll be all right', until I saw the royalty statement. £11.
"If 154 million plays means £11 I get more from Radio Stoke playing Never Gonna Give You Up than I do from YouTube."
The Rickrolling phenomenon involved internet users sending each other web links that appeared to be relevant to something they were discussing, but were in fact disguised links to the Astley song on YouTube.
The PRS For Music organisation wants Google and YouTube to pay higher royalties to songwriters for use of their work online.
A YouTube spokesman said: "We absolutely believe that artists and songwriters should make money from the use of their material.
"We previously had a licence with the PRS to enable this to happen and we are very committed to reaching terms so that we can renew our licence.
"The more music videos YouTube streams, and the more popular those music videos are, the more money YouTube will generate to share with the PRS and its songwriters.
"It's a win-win arrangement. But YouTube cannot be expected to engage in a business in which it loses money every time a music video is played - that is simply not a sustainable business model."
© Independent Television News Limited 2009. All rights reserved.
Sweetening the chocolate trade
Link to the article: Channel 4 News
Last Modified: 09 Apr 2009
By: David Fuller
More4 News reports a phenomenon that has seen Cadbury's Dairy Milk become fair trade and Mars bars become green - or certified by the Rainforest Alliance to be specific.
Britain's most famous chocolate bars have remained largely unchanged for generations. But now they are starting to send out a slightly new message.
It may or may not be a coincidence that in several parts of the world pestilence is threatening the cocoa crop - but it could mean that next Easter your eggs may cost more.
David Fuller reports.
Last Modified: 09 Apr 2009
By: David Fuller
More4 News reports a phenomenon that has seen Cadbury's Dairy Milk become fair trade and Mars bars become green - or certified by the Rainforest Alliance to be specific.
Britain's most famous chocolate bars have remained largely unchanged for generations. But now they are starting to send out a slightly new message.
It may or may not be a coincidence that in several parts of the world pestilence is threatening the cocoa crop - but it could mean that next Easter your eggs may cost more.
David Fuller reports.
Interest rates held at 0.5 per cent
Link to the article: Channel 4 News
Last Modified: 09 Apr 2009
By: Bridgid Nzekwu
Interest rates are on hold at 0.5 per cent for the first time since October, and it is likely they will stay that way for a number of months.
That brings the cost of borrowing close to as low as it will ever go, meaning you can get a mortgage with less than three per cent interest.
But mortgage advisors are advising people to pay higher rates for protection against future rate rises.
Last Modified: 09 Apr 2009
By: Bridgid Nzekwu
Interest rates are on hold at 0.5 per cent for the first time since October, and it is likely they will stay that way for a number of months.
That brings the cost of borrowing close to as low as it will ever go, meaning you can get a mortgage with less than three per cent interest.
But mortgage advisors are advising people to pay higher rates for protection against future rate rises.
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