Archive for May 16th, 2010

Greek Prime Minister George Papandreou raised the possibility of taking legal action against US banks, which he said bear “great responsibility” for Greece’s debt crisis. Prime Minister George Papandreou raised the possibility of taking legal action against US banks, which he said bear “great responsibility” for Greece’s debt crisis.
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South African writers take stock of their country as it prepares to host the World… »

David Beckham eats there. So does Tinchy Stryder. The peri-peri chicken chain is now the restaurant of choice for a new breed of confident young multicultural Britons. So how did that happen, asks Miranda Sawyer
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In what will come as a boost to the much-criticised hedge fund industry, Jean-Claude Trichet, the president of the European Central Bank (ECB), said the poor state of Europe’s public sector was to blame for the Continent’s troubles.
Mr Trichet also rejected as “nonsense”… »

THE euro is set to slide further and could be heading for parity with the dollar, analysts say. The single currency’s weakness and mounting fears over Europe’s recovery prospects could hit growth in Britain.
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A plume of oil 10 miles (16km) long, three miles wide and 300ft thick is pouring into the deep waters of the Gulf of Mexico from the ruptured Deepwater Horizon oil rig.
The plume is one of a number that scientists have found gushing into the sea a mile underwater, increasing… »