STORM

British government borrowing soars to record high

Chancellor George Osborne listens to David Cameron
New public sector borrowing in the U.K soared to a record high of 22.3-billion pounds sterling last month, higher than analysts expected, and up from 17.4-billion pounds a year ago, according to the Office for National Statistics (ONS).
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Google Zeitgeist 2010

Google Zeitgeist captures the spirit of 2010

Google has released its year-end search report - Zeitgeist 2010. Among the personalities and events that figure on search trends list are Justin Beiber, Lady Gaga, Kim Kardashian, Oil Spill, World Cup, Haiti Earthquake and more.
Dominique Strauss-Kahn

IMF urges EU to increase rescue fund

The International Monetary Fund (IMF) is urging the European Union (EU) to expand the size of its rescue fund in the wake of weakening market performance in the euro zone’s peripheral members.
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Microsoft's view of patents a pre-emptive tool or revenue model?

As US Supreme Court agreed yesterday to give Microsoft a hearing related to a 2009 court order that required it to pay $290 million to i4i for patent infringement related to its high-profile product Microsoft Word, Microsoft itself has been on a buying spree collecting patents that cover a range of its products.
England's Anderson celebrates after bowling out Australia's Watson during the first Ashes test in Brisbane.

Hussey frustrates England on day two

It was a tightly contested second day at the Gabba, when Mike Hussey frustrated England with an unbeaten 81, in the first test of the 2010 Ashes.
Jupiter gets back its missing stripes

Jupiter Gets Back Its Missing Stripes

Researchers have found that one of the Jupiter's stripes that disappeared last spring is now showing signs of a comeback. The latest observations will help scientists better understand the interaction between Jupiter's winds and cloud chemistry.
Roubini, Professor of Economics at New York University and Chairman of Roubini Global Economics speaks at the Global Financial Forum in New York

Roubini lists the five causes of financial crises

Some individuals – like myself and a few other students of crises in the recent cycle – are able to predict the financial storm well in advance, said Nouriel Roubini, co-founder of Roubini Global Economics.
Suspected Russian arms dealer Viktor Bout is escorted by members of a special police unit after a hearing at a criminal court in Bangkok October 5, 2010.

‘Merchant of Death’ Viktor Bout extradited to US

Storied Russian arms dealer Viktor Bout, who faces trial in the U.S. for plotting to kill Americans by making weapons available to terror outfits, was extradited to the U.S. on Tuesday, almost three months after a Thai court overturned his plea contesting an earlier extradition verdict.
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Italy's Berlusconi meets Gaddafi after Islam storm

Italian Prime Minister Silvio Berlusconi met Muammar Gaddafi on Monday looking to reinforce business ties, after the Libyan leader aroused a media storm by suggesting to a group of young women they convert to Islam.
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HP's top lawyer in the eye of the storm again

Hewlett-Packard Co's top lawyer, Mike Holston, came to the company on the wings of a board spying scandal in 2006. He is now at the center of another storm, this time surrounding the ouster of his friend, Chief Executive Mark Hurd.
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Oil hovers near $79 as storm threat fades

Oil prices were steady near $79 a barrel as the fading Tropical Depression Bonnie brought more output back online in the Gulf of Mexico, dampening otherwise buoyant sentiment following positive U.S. macroeconomic data.
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Oil steady as data supports after storm fizzles

Oil prices seesawed near unchanged levels on Monday as stronger-than-expected U.S. home sales data lifted prices even as energy companies restarted production after Tropical Storm Bonnie fizzled. U.S. crude for September delivery slipped 12 cents to $78.86 a barrel by 12:49 p.m. EDT, having seesawed between $78.06 and $79.33.
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Oil slips awaiting bank tests, eyeing storm

Oil prices slipped back from an 11-week high above $79 on Friday, falling on uncertainty over European bank stress test results even as companies began shutting in Gulf of Mexico production ahead of a tropical storm. The dollar's strength against the euro and a basket of currencies .DXY also added pressure.
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Oil slips off 3-month high reached on storm fears

Crude drifted lower after hitting a three-month high near $80 on Friday, supported by a storm threat to U.S. Gulf oil installations but pressured by uncertainty over the result of bank stress tests in Europe. By 0943 GMT (5:43 a.m. EDT), U.S. crude for September was trading 26 cents lower at $79.04 a barrel. ICE Brent crude futures were 28 cents down at $77.54.

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