UNITED KINGDOM

G20 united on stimulus, divided on bank reform

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The world cannot be complacent about economic recovery and will need to keep emergency stimulus packages in place well into next year, British Prime Minister Gordon Brown said on Saturday.

BP warned UK of risk in delayed Libya prisoner deal

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British oil major BP Plc told the UK government two years ago that slow progress in concluding a Prisoner Transfer Agreement with Libya threatened a multi-billion dollar exploration deal it was negotiating.
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WTO says Airbus loans illegal: U.S. lawmakers

The World Trade Organization ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.
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Charging for Web content no panacea for newspapers

Two generations of Murdochs have caused a wave of excitement in the battered newspaper industry in recent weeks with a series of comments and actions suggesting that charging readers for news on the Web is the way forward.
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U.S. says European subsidies have harmed Boeing

The United States confirmed on Friday it has received a confidential World Trade Organization ruling in its multibillion-dollar complaint against European government support for Airbus .
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People would rather lose wallet than cellphone

Cellphone feels like a part of your body? A global survey has found that most people can't live without their mobiles, never leave home without them and, if given a choice, would rather lose their wallet.
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Roubini: U-shaped recovery is possible

Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
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Spain's RTVE wins 2014/16 Games TV rights

Spanish state broadcaster RTVE has won national broadcasting rights for the 2014 winter and 2016 summer Games, the International Olympic Committee said on Friday.
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G20 to pledge stimulus until economic recovery assured

G20 policymakers will this weekend promise to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate.
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OzForex Daily Commentary - 04/09/2009

The Australian Dollar opens higher on Friday just shy of US84 cents as recent positive economic data bolsters sentiment. During Thursday's local session, the Australian Bureau of Statistics announced that the trade deficit for July widened by A$1bio to a larger than expected A$1.556bio. Imports were up by 4 per cent which the market interpreted as showing businesses and consumers were doing well and defying international trends. Also underpinning the local unit was a steady session on local equi...
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Europe's big 3 say crisis not over

The global economic crisis is not over and unemployment will keep rising in the months to come, the leaders of Britain, France and Germany warned on Thursday before a meeting of G20 policymakers in London this weekend.
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Global recession ending: OECD

The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
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Global recession ending:OECD

The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
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BMW plans Mini expansion at UK plant

German carmaker BMW (BMWG.DE) revealed plans to build two new Mini models at its plant near Oxford in central England on Thursday, boosting British manufacturing and the embattled motor sector.
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WTO panel may rule against Airbus in subsidy case: report

In a victory for Boeing , a preliminary World Trade Organization panel is likely to rule on Friday that European governments illegally subsidized Airbus aircraft, the Wall Street Journal said, citing trade officials, lawyers and executives from both sides.

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