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Malta News
04/02/2009 - 21:33

UK & USA Today Editoweb 4 february 2009

Miliband pressured in torture row - Rate cut eyed as recovery looks grim - Government 'soft on burglars'.



UK & USA Today Editoweb 4 february 2009
Miliband pressured in torture row

Foreign Secretary David Miliband have been urged to intervene in a row between the British courts and the United States over the release of documents relating to allegations of torture.

Rate cut eyed as recovery looks grim

The pace of contraction in the giant services sector eased last month but soaring job losses and crumbling consumer confidence kept intact expectations of another interest rate cut this week.

Government 'soft on burglars'

Almost four out of five serial burglars fail to get the minimum punishment laid down by the law, according to figures released by the Conservatives.

PM 'Unaware' Of US Intel Threat

Downing Street says it is not aware of a threat by the US to withdraw cooperation over terrorist intelligence.

Ministers pressured in torture row

Ministers have been urged to intervene in a row between the British courts and the United States over the release of documents relating to allegations of torture.

Obama caps executive pay tied to bailout money

President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with "executives being rewarded for failure."

Service sector declines less than expected in Jan.

The nation's service sector shrank for the fourth straight month in January, a trade group said Wednesday, but at a slower pace than the previous month.

Circuit City ripples go beyond vacancies, layoffs

Circuit City will finally flicker out when its last 567 stores close this year, but the bankruptcy of the nation's second-largest electronics retailer will ripple across the U.S. economy for years.

Democrats hunt for Republican support on stimulus

Democrats in the U.S. Senate worked to revise their $900 billion economic stimulus bill on Wednesday, hoping to drum up enough Republican support to send it to President Barack Obama next week to sign into law.

Stocks fluctuate as investors juggle weak earnings

Investors grew nervous Wednesday that the weakness in the economy is spreading to companies like Kraft Foods Inc. that are usually seen as safe havens during recessions.

Lawmaker says SEC hindering House's Madoff probe

House lawmakers on Wednesday accused the Securities and Exchange Commission of impeding their probe into the agency's failure to uncover the alleged $50 billion Bernard Madoff fraud.

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