News archive from 4 August 2014

Portugal to rescue BES with 4.9 billion euros using bailout funds

Current shareholders in BES and holders of subordinated debt will be responsible for the risks in the "bad bank" mainly associated the crumbling business empire of the bank's founding Espirito Santo family. (Reporting By Andrei Khalip;...

Reuters, 00:01 in Business
 
‘Miss Zimbabwe’ steps down amid nude pictures row

‘Miss Zimbabwe’ steps down amid nude pictures row

ZIMBABWE'S Miss World finalist has stepped down six weeks after she won her country's title following reports nude photos of her were leaked online. The state-controlled Sunday Mail newspaper said recently-crowned Miss Zimbabwe, Thabiso Phiri, sent...

 
Ukraine: Nine civilians killed in fresh fighting

Ukraine: Nine civilians killed in fresh fighting

NINE civilians have been killed in new fighting between government forces and pro-Russian separatists around the cities of Luhansk and Donetsk in east Ukraine, officials in the locality said yesterday. Six people were killed in shelling and gunfire on...

 
China: Hundreds dead after Yunnan earthquake

China: Hundreds dead after Yunnan earthquake

A STRONG earthquake in southern China's Yunnan province toppled thousands of homes yesterday, killing at least 357 people and injuring more than 1,400. About 12,000 homes collapsed in Ludian, a densely populated region of 429,000 people situated...

 
Gaza: UN calls Israeli school strike ‘an outrage’

Gaza: UN calls Israeli school strike ‘an outrage’

AN ISRAELI air strike killed ten people and wounded about 30 yesterday in a United Nations-run school in the southern Gaza strip, a Palestinian official said. The attack hit the entrance of the facility in Rafah, which was housing thousands of...

 
Libya: Royal Navy collects Britons as embassy shuts

Libya: Royal Navy collects Britons as embassy shuts

ABOUT 100 Britons were evacuated from Libya on to a Royal Navy survey ship yesterday, amid worsening violence in the north African state. Staff at the British Embassy in Tripoli, which is closing today against a backdrop of fighting between rival...

 
7 in 10 readers ‘buy new books by fellow Scots’

7 in 10 readers ‘buy new books by fellow Scots’

ALMOST seven out of ten people in Scotland are buying new books by home-grown writers, according to a survey, with women more likely to support them. And it found almost a third of adults in Scotland said they buy at least one new book by a Scottish...

 
Bank of England MPC members expected to call for interest rate rise

Bank of England MPC members expected to call for interest rate rise

The Bank of England is expected to raise the interest rate earlier and further than markets project, according to one expert. Photograph: Getty Images Economists are expecting the first official pressure for a rise in UK interest rates to emerge this...

Guardian, 00:06 in Business
 
Co-operative Group voted most ethical despite scandal and £2.5bn loss

Co-operative Group voted most ethical despite scandal and £2.5bn loss

The Co-operative Group was named as the most ethical firm of the past 25 years, despite sinking to a huge loss and the scandal around former chairman Paul Flowers. Photograph: Rui Vieira/PA Despite sinking to a £2.5bn loss and being hit by a scandal...

Guardian, 00:06 in Business
 

UK bank lending lags G7, more help needed - survey

UHY Hack Young attributed the weak lending in rich economies partly to rules that seek to prevent a repeat of the financial crisis by requiring banks to hold more capital but which have raised the cost of credit. Initiatives to encourage corporate...

Reuters, 00:09 in Business
 
After China port fraud probe, messy legal fight chills metal trade

After China port fraud probe, messy legal fight chills metal trade

Several banks had already ditched their commodity trading divisions due to low returns. The scandal, centred on the eastern port of Qingdao, means those remaining in the commodity financing business will have to consider their future, or at least...

Reuters, 00:09 in Business
 

Flying cars: The companies that want to take motorists into the skies

Roads? Where we’re going, we don't need roads. If a flying car was something you thought belonged in Back to the Future, think again: the future is here. A number of companies are in the race to produce a soaring motor vehicle that will capture the...

Metro, 00:09 in Hot News
 
Conservative dub free childcare plan a ‘shambles’

Conservative dub free childcare plan a ‘shambles’

THE Scottish Government's promise of free childcare to Scotland's poorest families is "an absolute shambles" with many two-year-olds across the country losing out on places, the Scottish Conservatives have claimed. Yesterday, the Scottish...

Scotsman, 00:09 in Politics
 
Glasgow 2014: Alex Salmond hails ‘gallus’ Games

Glasgow 2014: Alex Salmond hails ‘gallus’ Games

THE First Minister dubbed Glasgow 2014 the "gallus and glittering Games" yesterday as he talked up Scotland's ability to host future world-class sporting activities. During a press conference at the SECC to discuss the legacy of the Games as...

Scotsman, 00:09 in Politics
 
Energy probe should look at gas market too, warns MP

Energy probe should look at gas market too, warns MP

The forthcoming competition inquiry into the UK's energy companies should also investigate the wholesale gas market, a senior MP has warned. Tim Yeo, chairman of the Energy Committee, has written to the Competition and Markets Authority (CMA), which...

BBC, 00:10 in Business
 


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