Tories caught up in Russian oligarch row

The Conservative party in the UK has been caught up in a scandal involving Russian oligarchs. Soe high-ranking Tory politians may have received some shady cash from Russian tycoon Oleg Deripaska."The saga of Lord Mandelson, shadow chancellor George Osborne, Russian tycoon ...

Barclays, RBS in Talks on U.K. Government Funding

RBS and Barclays banks in the UK are thought to be the next to be in trouble, with shares in both banks plummeting today. It is thought that the UK government is going to take partial ownership in both banks."The U.K. government may invest at least 45 billion pounds ($79...

After record losses on the FTSE and Wall Street, how much worse can it get?

Wow now we have the hype and the problem is made to be 10 times worse than it really is. I wonder if the media realises its power of causing a real finacial melt down, people panic sell their shares move their money buy gold.   This sudden slump on the stocks and...

Poll disaster for Bavaria leaders

Elections in the German region of Bavaria yesterday saw a major blow dealt to Germany's conservative party. The result was the party's worst result since 1954. The result is bad news for Germany's chancellor Angela Merkel."Bavaria's ruling conservatives, the Christian Social...

Rice in Georgia on peace mission

Condoleeza Rice has arrived in Tblisi, a visit that is likely to be seen as confrontational by Russia. Rice is not going to also visit Moscow, instead returning directly to the US from Georgia. "U.S. Secretary of State Condoleezza Rice arrived in Georgia Friday on the second...