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United Kingdom Proposes an Unprecedented Banking Reform
The United Kingdom proposes to reform its internal banking system and split the retail bank from the investment bank. The Independent Commission on Banking (ICB)[i] has just presented[ii] its report concerning the banking sector’s reform. The ICB was...
Euro Stands Only 20% Chance of Survival
According to a recently released prediction by the Centre for Economics and Business Research, the Euro only stands a 20 per cent change of surviving the next decade. “If the euro doesn’t break up, this could be the year when it weakens substantially...
UK Student Protests Turn Violent, Again
Tens of thousands of students took the streets again Wednesday in various parts of the United Kingdom to protest the planned hike in university tuition fees for 2012. Protests were met with a heavy police force and warnings that “criminal actions,...
UK Students March Against Tuitin Fee Increases
Students in Britain have fiercely protested the governments austerity measures which include a tripling of tuition fees for universities across the country. Approximately 50,000 students marched peacefully on the Parliament buidling Wednesday, but demonstrations...
Debt rating of Spain suffers downgrade
Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s long-term sovereign...
Peak Oil Crisis due in 2014
New studies show that peak oil is due in 2014. Kuwaiti scientists have updated oil predictions previously based on the famous Hubbert model, which had correctly predicted in 1956 that U.S. oil reserves would peak within 20 years. The new multicycle Hubbert...
1.3 million lost jobs during the UK recession
A recent report by the Chartered Institute of Personnel and Development (CIPD) reveals Share
Scotland Yard warns of Mumbai-style terror attacks in London
Scotland Yard has warned that London is facing a threat of a Mumbai-style terror attack Share
UK Land Registry to cut costs, 1,500 jobs to be axed
As a part of measures to control and cut costs, five offices will be closed Share
