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USA UK and Malta News
20/07/2010 - 13:49

UK & USA Today Editoweb 20 July 2010

The brings the number of those picked up by police to 20. A second post-mortem examination on the killer's body is thought to be taking place - possibly as early as Wednesday.

UK & USA Today Editoweb 20 July 2010
Four more arrests in Raoul Moat inquiry
The brings the number of those picked up by police to 20. A second post-mortem examination on the killer's body is thought to be taking place - possibly as early as Wednesday. The 37-year-old doorman, from Newcastle, shot his ex-lover, killed her new boyfriend and blasted an unarmed policeman. He then went on the run for a week before shooting himself in Rothbury, Northumberland. The latest arrests came in Blyth. So far, only two people have been charged in relation to the Raoul Moat inquiry. They are due to appear at Newcastle Magistrates' Court on July 8. It comes as a friend of Moat's ex-partner Sam Stobbart has described the moment Moat opened fire on Ms Stobbart and her new boyfriend outside her home. Jackie Wilkinson said 22-year-old Ms Stobbart and karate instructor Chris Brown, 29, were leaving her house in Birtley, near Gateshead, at 2am when they spotted the former nightclub doorman crouching beneath a front window.(itn)

Bank Tax And Fine Slash Goldman Profits
A huge regulatory fine and the UK bonus tax have led to a sharp fall in earnings for Wall Street giant Goldman Sachs. The bank set aside £2.5bn for pay and bonuses for the second quarter despite seeing net profit reduced to £401m - down from almost £2.3bn for the first three months of the year. The remuneration pot is equivalent to roughly £105,000 for each of the group's employees around the world. Revenues of £5.8bn only narrowly missed the upper end of analysts' forecasts. But weakness in its trading and investment banking divisions meant the figure was well down on the £9bn it made in the same period of 2009. Profits were severely dented by its £360m settlement of civil fraud charges with the US Securities and Exchange Commission. In addition, the investment bank estimated that Britain's bonus tax cost it £395m in the quarter. Goldman Sachs chairman and chief executive Lloyd Blankfein said: "The market environment became more difficult during the second quarter and, as a result, client activity across all our businesses declined.(skynews)

Ex-MI5 Chief: 'We Gave Bin Laden His Jihad'
A former MI5 chief has told the Iraq Inquiry the invasion in 2003 "substantially increased" the terrorist threat to the UK and "gave Osama Bin Laden his Iraqi jihad". Baroness Manningham-Buller said the UK's involvement in Iraq gave "fresh impetus" to "home-grown" terrorists who saw the attack on Saddam Hussein as an attack on Islam. "Our involvement in Iraq radicalised, for want of a better word, a whole generation of young people - not a whole generation, a few among a generation - who saw our involvement in Iraq and Afghanistan as being an attack on Islam," she said. She repeatedly warned ministers of the increased threat and was forced to ask for the MI5 budget to be doubled as a consequence, she told the inquiry. "We were overburdened with intelligence on a broad scale that was pretty well more than we could cope with in terms of plots, leads to plots and things that we needed to pursue," she said.(skynews)

Dizzee Rascal, The xx tipped for Mercury Prize
Rapper Dizzee Rascal and indie trio The xx are among the favourites for this year's Mercury Prize for most outstanding album. Over 200 entries have been whittled down to the final 12, which include chart veteran Paul Weller and soulful songstress Corinne Bailey Rae. Dizzee Rascal, who won the Mercury Prize in 2003 for his debut album "Boy in da Corner," is tipped for "Tongue N' Cheek" while The xx are shortlisted for their debut eponymous album. Bookmaker William Hill quoted both at 4/1 to win the 20,000 pound prize which will be awarded in London on Sept, 7.(reuters)

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