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Malta News
09/02/2009 - 21:25

UK & USA Today Editoweb 9 february 2009

Barclays Boss Defends Big Bonuses - Britain braced for snow and floods - No rewards for failure, says Brown.



UK & USA Today Editoweb 9 february 2009
Barclays Boss Defends Big Bonuses

One of Britain's best paid bankers has defended the industry's bonus culture and suggested bad management at RBS was to blame for billions of pounds of losses.

Britain braced for snow and floods

Britain has been warned to prepare for floods, strong winds - and yet more snow.

No rewards for failure, says Brown

Prime Minister Gordon Brown promised "aggressive" action to stop rewards for failure in the British banking system and suggested bankers should waive their massive bonuses.

South Africans need visas for UK

South Africans will need visas to come to Britain from later this year under new rules.

Rampaging dogs attack six people

A man was arrested after two dogs went on a rampage injuring six people, including two children.

Queen's sadness at wildfire deaths

The Queen has expressed her shock and sadness at the "terrible" death toll of Australia's worst bush fires that have killed more than 160 people.

Senate set to pass recovery package

The Senate on Monday headed toward passing an $827 billion economic stimulus measure sought by President Barack Obama that will set up a contentious battle over the details of the final package.

Obama pushes stimulus with hard-hit Americans

Warning against delay and bickering in Washington, an energized President Barack Obama launched a new drive on Monday to win passage of an $800 billion economic recovery plan he said would help put millions back to work.

FedEx Freight to cut about 900 jobs

FedEx Freight, a unit of FedEx Corp , said on Monday it will cut about 900 jobs at 130 facilities, citing unprecedented economic conditions and aggressive pricing by carriers.

Stocks fluctuate as investors look to Washington

Stock prices fluctuated Monday as investors waited for Washington to make the next move.

SEC enforcement chief Linda Thomsen resigns

The top cop at the Securities and Exchange Commission is leaving the government less than a week after receiving an angry dressing-down before Congress over the agency's failure to detect a massive alleged fraud scheme.

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