Crude Oil up to One-Year High as Dollar weakens
Crude oil prices touched $79.05 per barrel, rising about half a percent on the New York Mercantile Exchange. This is the highest level it has reached since October 15 last year. The rise is attributed...
View ArticleUK Land Registry to cut costs, 1,500 jobs to be axed
As a part of measures to control and cut costs, five offices will be closed and about 1500 jobs are likely to be cut by the Land registry. The Public and Commercial Services Union has fiercely...
View ArticleScotland Yard warns of Mumbai-style terror attacks in London
Scotland Yard has warned that London is facing a threat of a Mumbai-style terror attack in key locations through London. Senior detective from the Metropolitan Police’s counter-terrorism command warned...
View Article1.3 million lost jobs during the UK recession
A recent report by the Chartered Institute of Personnel and Development (CIPD) reveals that 1.3 million people have lost their jobs during the recession in the UK, more than double the official figure...
View ArticlePeak Oil Crisis due in 2014
New studies show that peak oil is due in 2014. Kuwaiti scientists have updated oil predictions previously based on the famous Hubbert model, which had correctly predicted in 1956 that U.S. oil reserves...
View ArticleDebt rating of Spain suffers downgrade
Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s...
View ArticleUK Students March Against Tuitin Fee Increases
Students in Britain have fiercely protested the governments austerity measures which include a tripling of tuition fees for universities across the country. Approximately 50,000 students marched...
View ArticleUK Student Protests Turn Violent, Again
Tens of thousands of students took the streets again Wednesday in various parts of the United Kingdom to protest the planned hike in university tuition fees for 2012. Protests were met with a heavy...
View ArticleEuro Stands Only 20% Chance of Survival
According to a recently released prediction by the Centre for Economics and Business Research, the Euro only stands a 20 per cent change of surviving the next decade. “If the euro doesn’t break up,...
View Article3.3 million workless households in the UK
At least one in six homes in the UK have not got one person employed, according to the latest figures published by the National Statistics office. The latest figures reveal 3.3 million workless...
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