Stefano's Feed
Oct 4, 2011

DP World eyes 2013 launch for London Gateway port

LONDON/DUBAI, Oct 4 (Reuters) – Dubai’s DP World
expects its new London Gateway deep-sea container port to be
operational by the fourth quarter of 2013, with spending on the
project set to continue despite the economic gloom.

London Gateway, located about 25 miles (40 kms) east of
central London on the north bank of the river Thames, is a
staged 1.5 billion-pound ($2.3 billion) development embracing
the container port itself as well as what is expected to be
Europe’s largest logistics park.

Sep 26, 2011

BAE may cut 3,000 jobs as Typhoon output slows

LONDON (Reuters) – Defence giant BAE Systems is set to announce up to 3,000 job losses as it struggles to secure new orders for the Eurofighter Typhoon combat jet and slows deliveries to the project’s existing customers amid cuts to defence budgets, British media reports said on Sunday.

The Sunday Telegraph and Sky News said up to 3,000 workers could lose their jobs, all of them in Britain, as BAE prepares for a possible slowdown in production.

Sep 25, 2011

BAE may cut 3,000 jobs as Typhoon jet output

LONDON (Reuters) – Defence giant BAE Systems is set to announce up to 3,000 job losses as it struggles to secure new orders for the Eurofighter Typhoon combat jet and slows deliveries to the project’s existing customers amid cuts to defence budgets, British media reports said on Sunday.

The Sunday Telegraph and Sky News said up to 3,000 workers could lose their jobs, all of them in Britain, as BAE prepares for a possible slowdown in production.

Sep 25, 2011

BAE may cut 3,000 jobs as Typhoon jet output slows-reports

LONDON, Sept 25 (Reuters) – British defence giant BAE
Systems is set to announce up to 3,000 job losses as it
struggles to secure new orders for the Eurofighter Typhoon
combat jet and slows deliveries to the project’s existing
customers amid cuts to defence budgets, British media reports
said on Sunday.

The Sunday Telegraph newspaper and broadcaster Sky News said
up to 3,000 workers could lose their jobs, all of them in
Britain, as BAE prepares for a possible slowdown in production.

Sep 17, 2011

UBS trader charged with $2 billion fraud

LONDON/ZURICH (Reuters) – UBS trader Kweku Adoboli wept in a London court on Friday as he was charged with fraud and false accounting dating back to 2008, a day after the Swiss bank was plunged into crisis by revealing a $2 billion trading loss.

Wearing a light blue sweater and a white shirt, 31-year-old Adoboli wiped away tears as he was accused of two counts of false accounting, and one count of fraud by abuse of position.

Sep 16, 2011

Court orders UBS trader to be held until next week

LONDON (Reuters) – A tearful Kweku Adoboli appeared in a London court on Friday charged with fraud after Swiss bank UBS said it had lost about $2 billion in unauthorized trades. The court ordered him to be detained until a further hearing next week.

Wearing a light blue sweater and a white shirt, Adoboli, 31, wiped tears from his eyes as he appeared before City of London Magistrates Court and was handed a tissue by the court clerk.

Sep 16, 2011

UBS trader weeps as charged with $2 bln fraud

LONDON/ZURICH, Sept 16 (Reuters) – British police charged
UBS trader Kweku Adoboli with fraud on Friday, a day
after the Swiss bank said it had lost about $2 billion in
unauthorised trades, plunging it into crisis.

Wearing a light blue sweater and a white shirt, Adoboli
wiped away tears as he appeared at City of London Magistrates
Court.

Sep 16, 2011

UBS trader charged with fraud after $2 billion loss

LONDON/ZURICH (Reuters) – British police charged UBS trader Kweku Adoboli with fraud on Friday, a day after the Swiss bank said it had lost about $2 billion in unauthorized trades, plunging it into crisis.

Wearing a light blue sweater and a white shirt, Adoboli wiped away tears as he appeared at City of London Magistrates Court.

Sep 16, 2011

Unions plan mass strikes over pension reform

LONDON (Reuters) – Millions of public sector workers plan strikes and rallies nationwide in November over public-sector pensions, union leaders said on Wednesday, adding to pressure on a government struggling with rising unemployment and weak growth.

Unions are locked in a bitter row with the Conservative-led coalition over controversial plans to raise public-sector pension contributions as spending cuts bite. The dispute mirrors those in continental European nations where governments are trying to rein in spending.

Sep 14, 2011

Britain’s unions plan mass strikes over pension reform

LONDON, Sept 14 (Reuters) – Millions of British public
sector workers plan strikes and rallies nationwide in November
over public-sector pensions, union leaders said on Wednesday,
adding to pressure on a government struggling with rising
unemployment and weak growth.

Unions are locked in a bitter row with the Conservative-led
coalition over controversial plans to raise public-sector
pension contributions as spending cuts bite. The dispute mirrors
those in continental European nations where governments are
trying to rein in spending.