Tim's Feed
Jul 25, 2012

Cash-strapped Britain eyes Olympic business bounce

LONDON (Reuters) – British Prime Minister David Cameron will on Thursday use the London Olympics to drum up business opportunities, on the first day of a series of trade and investment events to showcase Britain during the Games.

Dignitaries such as International Monetary Fund Managing Director Christine Lagarde and the heads of global firms such as Google’s Executive Chairman Eric Schmidt are expected to attend the first of the business events later on Thursday.

Jul 25, 2012

Olympics-Cash-strapped Britain eyes Olympic business bounce

LONDON, July 26 (Reuters) – British Prime Minister David
Cameron will on Thursday use the London Olympics to drum up
business opportunities, on the first day of a series of trade
and investment events to showcase Britain during the Games.

Dignitaries such as International Monetary Fund Managing
Director Christine Lagarde and the heads of global firms such as
Google’s Executive Chairman Eric Schmidt are expected to attend
the first of the business events later on Thursday.

Jul 24, 2012

Cameron ready for judo diplomacy with Putin

LONDON (Reuters) – Russian President Vladimir Putin, a black belt in judo, may spar with Britain’s prime minister in the diplomatic arena over Syria at a judo match during the London Olympic Games, British sources said on Tuesday.

Sources close to British Prime Minister David Cameron said he would accompany Putin, a former KGB agent, to a match if the Kremlin leader attends the Games, and is likely to press him over Syria.

Jul 24, 2012

Olympics-Cameron ready for judo diplomacy with Putin

LONDON, July 24 (Reuters) – Russian President Vladimir
Putin, a black belt in judo, may spar with Britain’s prime
minister in the diplomatic arena over Syria at a judo match
during the London Olympic Games, British sources said on
Tuesday.

Sources close to British Prime Minister David Cameron said
he would accompany Putin, a former KGB agent, to a match if the
Kremlin leader attends the Games, and is likely to press him
over Syria.

Jul 23, 2012

UK’s Osborne safe for now despite talk of downfall

LONDON (Reuters) – Polls suggest George Osborne is one of Britain’s least popular finance ministers, but fellow Conservatives say it would make no sense to sack one of the masterminds of their coalition government.

After a slide back into recession and a poorly communicated budget in March which appeared to make the poor and elderly pay for a tax cut for the rich, the Chancellor of the Exchequer has faced his toughest period since taking office in 2010.

Jul 19, 2012

London policeman cleared of G20 protest killing

LONDON (Reuters) – A police officer accused of killing a newspaper seller at anti-capitalist G20 protests in London in 2009 was cleared by a jury on Thursday in a case that raised wider questions about recruitment policies at the capital’s police force.

Police Constable Simon Harwood had been charged with the manslaughter of 47-year-old Ian Tomlinson who collapsed and died on the fringes of the demonstrations in central London.

Jul 11, 2012

Trappings of wealth hid Tetra Pak heirs’ private pain

LONDON (Reuters) – A millionaire philanthropist, she mixed with European royalty and counted Britain’s Prince Charles among her acquaintances.

But her American youth had been marred by drug abuse and when, as a middle-aged mother of four, she was caught smuggling crack cocaine in her handbag into an embassy function, it was clear Eva Rausing was leading a double life.

Jul 8, 2012

British banks are “throttling recovery” : Cable

LONDON (Reuters) – Banks are “throttling” the recovery of Britain’s economy by failing to lend small firms desperate for loans, Business Secretary Vince Cable said on Sunday.

Cable, a long-term critic of Britain’s large banks, said the government needed to focus on ensuring a 100 billion pound ($155 billion) credit boost announced in June reached companies that needed loans to fund their expansion.

Jul 7, 2012

UBS note deepens UK political row over rate-fixing

LONDON, July 7 (Reuters) – A political row in Britain over
the fixing of interbank lending rates deepened on Saturday after
the publication of confidential advice from UBS to the former
Labour government on how to reduce the key Libor rate at the
height of the financial crisis in 2008.

The Conservative-led coalition, trailing in opinion polls,
has tried to pin part of the blame for the rate-fixing by bank
traders on the government of former Labour prime minister Gordon
Brown, questioning whether the government directly or indirectly
sanctioned the manipulation.

Jul 5, 2012

MPs back parliamentary banking probe

LONDON (Reuters) – MPs on Thursday backed a government plan to hold a parliamentary inquiry into the professional and cultural standards of bankers, following the Barclays rate-rigging scandal.

They rejected a call by the opposition Labour party for the inquiry to be an independent judge-led probe, along the lines of an existing wide-ranging inquiry into British media standards.