UK Government refuses to rescue councils caught in Iceland bank collapse

The UK's consumer savings protection laws will be put to the test for the first time after the colapse of Iceland's Landsbanki, which had banking outlets in the UK under the name ICEsave. However it has emerged...

Saina in Yonnex Quarters

"Saina Nehwal has entered the quarterfinal of Yonex Chinese Taipei Open badminton after easing past Hong Kong’s Kwan Yi Mong 21-8, 21-12 Thursday. Second seed Saina will now face Porntip Buranaprasertsuk of Thailand, who battled past local challenger Shih Han Huang 20-22,...

World Court begins Georgia-Russia case

The latest battle between Georgia and Russia will be fought in a courtroom. A case has begun at the World Court in the Hague in the Netherlands to rule on who should control South Ossetia. Any ruling the court makes, however, would not be binding on Russia."Georgia accused...

Higher Oil Prices From Russia, With Love

Just when you thought oil prices were going to go down and stay down for a little while a regional flare-up between Russia and Georgia has led to the price per barrel of oil rising about $10."Oil roared above the $120 a barrel level on Thursday and gold prices jumped amid...

Judge Won't Lift Gun Ban at the Airport

The city of Atlanta’s ban on guns at the world’s busiest airport will continue despite a new state law easing restrictions on carrying firearms in public. U.S. District Judge Marvin Shoob Monday rejected a request for a preliminary injunction against the ban filed by a...

Oil Prices tumble below $143

After continuously increasing for many weeks now fuel prices for the first time prices have fallen down. Stronger dollar is also helping in reducing the crude price. dollar has appreciated against major...

China declares quake lake crisis over

The potential for the 'quake lake' - a lake in China whose dam was threatened by the earthquake there - to flood has been removed, according to the Chinese government."Evacuees headed down from temporary camps Wednesday after Chinese authorities declared the flood threat over...

U.S. sees record world food crops easing crisis

In the first series of positive news that has come in recent months regarding the world food crisis, the U.S. Agriculture Department announced Friday that national and world production of wheat and rice will hit record levels this year.  Global crops of feed grain are...

U.S. Foreclosure Filings Double in First Quarter, Led by Nevada

More bad news for the US subprime crisis. It may not be a total shock that the number of US home forclosures increased in the first quarter, but the number is truly staggering."U.S. foreclosure filings more thandoubled in the first quarter as payments rose for...

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