EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Sept. 2 (Bloomberg) — European Union leaders refused to impose sanctions on Russia over the invasion of Georgia, acknowledging their reliance on Russian oil and gas at a time of faltering economic growth.EU leaders took the symbolic step yesterday of suspending talks over expanded trade ties with Russia, fearing that tougher measures would expose the [...] continue reading world news

Home Office: Recession will bring big rise in crime and race hatred

Ministers are bracing themselves for a rise in violent crime and burglaries and a shift to far-right extremism as the effects of the economic downturn take their toll, a leaked Home Office report to the Prime Minister says.In a series of warnings, the Home Secretary, Jacqui Smith, says that Britain also faces a “significant increase” [...] continue reading world news

Home Office: Recession will bring big rise in crime and race hatred

Ministers are bracing themselves for a rise in violent crime and burglaries and a shift to far-right extremism as the effects of the economic downturn take their toll, a leaked Home Office report to the Prime Minister says.In a series of warnings, the Home Secretary, Jacqui Smith, says that Britain also faces a “significant increase” [...] continue reading world news

Lehman Brothers in urgent talks on capital injection

The Wall Street investment bank Lehman Brothers is this weekend locked in talks with a group of foreign government-backed investment funds in an effort to secure billions of dollars in new equity capital.The Sunday Telegraph has learned that Lehman has intensified talks in recent days with Korea Development Bank, the South Korean ­government-backed lender, about [...] continue reading world news

Millions more face big energy price increases

· Up to 34% rise as last two big suppliers get into line· Government urged to act as more face fuel povertyPhotograph: Steve Taylor/Getty ImagesThis summer’s misery for energy consumers reached a climax yesterday when the last two of the big six suppliers raised prices for millions of household customers.ScottishPower, which has just over 5 [...] continue reading world news

Millions more face big energy price increases

· Up to 34% rise as last two big suppliers get into line· Government urged to act as more face fuel povertyPhotograph: Steve Taylor/Getty ImagesThis summer’s misery for energy consumers reached a climax yesterday when the last two of the big six suppliers raised prices for millions of household customers.ScottishPower, which has just over 5 [...] continue reading world news

Lehmans puts another 1,500 jobs on the block

Lehman Brothers is planning to axe up to 1,500 more jobs, as part of its desperate struggle to reduce costs, raise money and rebuild its battered balance sheet.The job losses, which are still being planned by executives at the company’s New York head office, are expected to be spread among its 26,000-strong global workforce, including [...] continue reading world news