UK & USA Today Editoweb 17 february 2009

Cricket mogul charged with fraud

Billionaire financier and cricket entrepreneur Sir Allen Stanford has been charged by US regulators over an alleged multi-billion dollar fraud.

Pharaoh floats down the Thames

An unusual royal procession has sailed serenely down the Thames as river traffic made way for a 16ft Egyptian Pharaoh made entirely of Lego.

Berti the robot has human touch

One of the most sophisticated robots created in the UK has made its public debut - with a game of rock-paper-scissors.

Footballers charged over 'Gerrard brawl'

Two footballers have been charged in connection with the same brawl which saw soccer star Steven Gerrard accused of assault.

Police suspended in corruption case

Ten police officers have been suspended and another two placed on restricted duties after an anti-corruption probe.

Pelosi says US has duty to 'lead the way' to recovery

The United States is aware of its duty to "lead the way" to recovery from the financial and economic crisis sweeping the world, US House of Representatives Speaker Nancy Pelosi said Tuesday in Rome.

Fed's Bullard warns of deflation

With the economy spinning deeper into recession, the country might suffer a dangerous bout of falling prices, or deflation, a Federal Reserve official warned Tuesday.

More systematic Fed approach needed: Bullard

The Federal Reserve needs a more systematic approach to expanding U.S. money supply to avoid deflation as it combats a global recession that looks likely to last at least through the first half of 2009, a top Fed official said on Tuesday.

ECB suspend talks with Stanford over fraud accusation

The England and Wales Cricket Board (ECB) said Tuesday they'd suspended their talks with Allen Stanford after the Texas businessman was accused of an eight billion dollar fraud by the US Securities and Exchange Commission.

Stocks drop on worries about economy, car makers

Stocks tumbled Tuesday as investors grew more doubtful that the government can quickly turn around the still-weakening economy.

SEC charges Texas financier with 'massive' fraud

Federal regulators on Tuesday charged Texas financier R. Allen Stanford and three of his companies with a "massive" fraud that centered around high-interest-rate certificate of deposits.

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