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Oct 1, 2012

UK’s Labour tells government: spend 4G money for growth

MANCHESTER, England, Oct 1 (Reuters) – Britain’s opposition
Labour Party told the government to build its way out of
recession by using $6.5 billion from the sale of 4G mobile phone
licences to pay for new homes, but said there would be no
spending spree if it won the 2015 election.

Ed Balls, Labour’s finance minister-in-waiting, says Prime
Minister David Cameron’s coalition government has stalled the
$2.5 trillion economy by cutting too far too soon in an attempt
to reduce a record budget deficit rather than driving demand.

Aug 3, 2012

Putin weighs into punk trial after judo gold

LONDON (Reuters) – Fresh from cheering a Russian judo star to a gold medal at the Olympic Games, President Vladimir Putin urged leniency on Thursday for members of a female punk band on trial for protesting against him at the altar of a Moscow cathedral.

Putin told Interfax news agency that there was “nothing good” about the protest by the band Pussy Riot, which outraged many Russian Orthodox believers on the eve of Putin’s latest presidential election win.

Aug 2, 2012

Putin bags gold in judo faceoff over Syria

LONDON (Reuters) – Black-belted Vladimir Putin locked horns on Thursday with British leader David Cameron over Syria and a crackdown on Kremlin opponents before watching Russia take gold in an afternoon of judo diplomacy at the Olympic Games.

Putin, who had dispensed with his dark jacket in the heat of the final, shot to his feet, roaring cheers for the native of Dagestan, a tiny Muslim region of Russia’s southern flank, who took the gold medal in a men’s judo final.

Aug 2, 2012

Olympics-Putin bags gold in judo faceoff over Syria

LONDON, Aug 2 (Reuters) – Black-belted Vladimir Putin locked
horns on Thursday with British leader David Cameron over Syria
and a crackdown on Kremlin opponents before watching Russia take
gold in an afternoon of judo diplomacy at the Olympic Games.

Putin, who had dispensed with his dark jacket in the heat of
the final, shot to his feet, roaring cheers for the native of
Dagestan, a tiny Muslim region of Russia’s southern flank, who
took the gold medal in a men’s judo final.

Aug 2, 2012

Interview: New cool for Russia’s super-rich: slumming it

LONDON (Reuters) – Gone are the Beluga caviar parties and ostentation that marked the arrival of Russia’s billionaire barons onto the world stage: the new cool for real oligarchs is a much more modest mingling among the common people.

At least that’s how metals magnate Vladimir Potanin, with a fortune of $14.5 billion and ranked as Russia’s fourth richest man, sees it.

Aug 2, 2012

New cool for Russia’s super-rich: slumming it

LONDON (Reuters) – Gone are the Beluga caviar parties and ostentation that marked the arrival of Russia’s billionaire barons onto the world stage: the new cool for real oligarchs is a much more modest mingling among the common people.

At least that’s how metals magnate Vladimir Potanin, with a fortune of $14.5 billion and ranked as Russia’s fourth richest man, sees it.

Aug 2, 2012

Olympics-New cool for Russia’s super-rich: slumming it

LONDON, Aug 2 (Reuters) – Gone are the Beluga caviar parties
and ostentation that marked the arrival of Russia’s billionaire
barons onto the world stage: the new cool for real oligarchs is
a much more modest mingling among the common people.

At least that’s how metals magnate Vladimir Potanin, with a
fortune of $14.5 billion and ranked as Russia’s fourth richest
man, sees it.

Jul 29, 2012

Queen’s “Bond girl” stunt crowns majestic rebrand

LONDON (Reuters) – Queen Elizabeth’s virtuoso performance as the “Bond girl” star of the Olympic opening ceremony crowns a majestic 15-year special operation that has recast the monarch as the people’s champion of a cool Britannia.

Escorted by James Bond, played by actor Daniel Craig, in a helicopter gliding over a cheering London, the 86-year-old queen was shown apparently leaping out with a Union Jack parachute for an Olympic arrival to trump all others.

Jul 17, 2012

BoE’s King tells how Bob Diamond took a bullet

LONDON, July 17 (Reuters) – Barclays was in such denial
about the scandal over its interest rate manipulation that Bank
of England chief Mervyn King said he had to tell it that
regulators had lost confidence in Bob Diamond as chief executive
days before he resigned.

King, governor of the central bank since 2003, dismissed
accusations on Tuesday that he was asleep at the helm while
Barclays traders tried to skew a benchmark interest
rate that underpins transactions worth trillions of dollars
worldwide between 2005 and 2009.

Jul 17, 2012

BoE’s King says Barclays was in denial over Diamond

LONDON (Reuters) – Barclays was in such denial about the scandal over its interest rate manipulation that Bank of England chief Mervyn King said he had to tell it that regulators had lost confidence in Bob Diamond as chief executive days before he resigned.

King, governor of the central bank since 2003, dismissed accusations on Tuesday that he was asleep at the helm while Barclays traders tried to skew a benchmark interest rate that underpins transactions worth trillions of dollars worldwide between 2005 and 2009.