American 'Meltdown' is the Reason for the Money Injection by Fortis

""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...

Pondering on Bill Gates' Legacy

Beginning in July, Bill Gates will switch jobs for the first time in his adult life, stepping out of a full-time job at Microsoft and moving over to philanthropy. The whole world is a far different place for what he and Microsoft did. At the heart of the high-tech industry...

African Union: "Unite or Starve"

I can't really argue with this: if it means bargaining with a collective continental market in order to get a better deal on necessities, then so be it. SInce the various AU nations have such different agendas, both with the West and with each other, it's hard to predict how...

BP ups stakes by accusing Putin of failing to stop hijack by oligarchs

"BP has upped the stakes in its battle for control of its Russian joint venture, by accusing Vladimir Putin of damaging his country's reputation through failing to intervene in the escalating dispute.John Sutherland, the BP chairman, used a press conference in Stockholm to...

Oil to fall, underpinning growth: Credit Suisse

"By Jeremy Gaunt, European Investment CorrespondentLONDON (Reuters) - Credit Suisse's investment arm is banking on commodity prices to fall over the rest of this year, with the price of crude oil dropping back to between $100 and $120 a barrel, one of its top executives said...

Green Light: Singapore Film Fund to Push Industry

Singapore has paved a path for its filmmkaers that's even smoother than Orchard Road. With matching funds, a promotion allowance, and even a guaranteed distribution deal (the holy grail for indie filmmakers), Singapore is driving to build on its newly-high profile following...

Egypt Earns Record Income from Suez Canal

"Suez canal earns record $487 million in May, Daily Star Egypt, June 4, 2008The Suez Canal’s monthly income surge 27 percent.CAIRO: The Suez Canal Authority posted a record monthly income of $487 million in May, a 27 percent surge on the previous year, authority chairman...

BBC told to improve UK coverage

The BBC has been told that they need to improve their coverage of the UK's nations and regions, as they are not doing it enough, or well enough.A little ironic I think..."A review for the BBC Trust said the BBC was "falling short of its own high standards" and failing to meet...

Trump clashes with resort opponents

If Donald Trump finds it tricky dealing with British councils, what hope is there for the rest of us."Trump clashes with resort opponents US property tycoon Donald Trump has clashed with the councillor whose vote led to the rejection of his £1...