News archive from 7 January 2013, page 4

Cruise coach overturns on motorway

A coach carrying 26 passengers overturned while travelling on a motorway after the driver lost consciousness at the wheel, police said. Eight people were being treated in hospital following the accident, which happened on the M3 southbound a mile from...

 
Little sign of festive cheer for retailers

Little sign of festive cheer for retailers

SHOPPERS failed to provide a festive lift to hard-pressed

Scotsman, 00:10 in Business
 

Briton killed in waterfall accident

A British man has died after falling from a waterfall in Australia. The 20-year-old was walking with friends in the Blue Mountains near Sydney when he slipped over the edge of Wentworth Falls at noon on Saturday, New South Wales Police said. Police...

 

Business news in brief: Apollo | Air France-KLM | Eurozone banks | Scottish insolvencies

AMERICAN private equity fund Apollo is believed to be planning to swoop on more debt owed by struggling high street retailer HMV. The so-called “vulture fund”, which has raised a £2 billion warchest to buy European retailers, snapped up 10 per cent of...

Scotsman, 00:10 in Business
 

Grocers gear up to reveal festive figures

BRITAIN'S biggest publicly-quoted supermarket groups will reveal the winners and losers in the festive food

Scotsman, 00:10 in Business
 

Far East banks fly into aircraft leasing market as cost for airlines rises

AIRLINES and aircraft leasing companies will have to pay more to buy their planes in the year ahead, according to a report published today. Orders for aeroplanes have hit record highs, but cash-strapped European banks are pulling out of the aircraft...

Scotsman, 00:10 in Business
 
Bentley expected to leave British Gas but insiders deny split with Laidlaw

Bentley expected to leave British Gas but insiders deny split with Laidlaw

THE head of British Gas and its subsidiary Scottish Gas is set to leave the company abruptly, with an announcement by publicly-quoted parent group Centrica expected well before its full-year results next month. Some believe the surprise news that Phil...

Scotsman, 00:10 in Business
 
Interview: Mark Florman of the British Private Equity & Venture Capital Association

Interview: Mark Florman of the British Private Equity & Venture Capital Association

Nearly two-thirds of the total amount invested by the UK's private equity players and venture capitalists is currently estimated to be overseas. Even given the UK’s uncertain economic and bank lending climate, some will find this surprising, writes...

Scotsman, 00:10 in Business
 
Tensions rise as Kashmir ceasefire broken

Tensions rise as Kashmir ceasefire broken

Pakistan and India traded accusations of violating the cease-fire in the disputed northern region of Kashmir yesterday, with Islamabad accusing Indian troops of a cross-border raid that killed one of its soldiers and India claiming that Pakistani...

 
Netanyahu in rare media plea for Right to stay united behind him

Netanyahu in rare media plea for Right to stay united behind him

Israeli prime minister Benjamin Netanyahu has appealed in a rare interview to his Right wing support base to stand by him in the country's forthcoming election. There is little doubt in Israel that Mr Netanyahu’s conservative Likud, running jointly...

 
Father of gang rape victim wants her name to be known

Father of gang rape victim wants her name to be known

The father of an Indian student whose brutal rape provoked a global outcry said he wanted her name made public so she could be an inspiration to victims of sexual assault. Jyoti Singh Pandey, a 23-year-old physiotherapy student, died on 28 December in...

 
Australia: Search on for ‘100 missing’ on island ravaged by bushfires

Australia: Search on for ‘100 missing’ on island ravaged by bushfires

Australian police were last night searching fire-ravaged towns in southern Tasmania for 100 unaccounted for people. Tasmania’s police commissioner said he feared lives may have been lost in the wildfires which swept through parts of the island in...

 

New cash rules for banks

International financial regulators have eased the rules on minimum quantities of cash and liquid assets all banks must hold, set to take effect in 2015. The agreement, by the body that oversees the Basel Committee on Banking Supervision, is an attempt...

 

Mandela makes good progress after release from hospital

South African anti-apartheid leader Nelson Mandela has recovered from his recent lung infection and a surgical procedure to remove gallstones, according to an announcement yesterday by President Jacob Zuma. Doctors say that Mr Mandela, 94, has made...

 


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