Record oil cut fails to lift prices
The depth of the world’s economic downturn was highlighted when the Opec oil cartel appeared powerless in its quest to drive up prices even after agreeing a record cut in its production
December 17, 2008
Madoff confined to Manhattan apartment
Bernard Madoff, the New York financier accused of perpetrating an alleged $50bn fraud, unexpectedly appeared at a courthouse in lower Manhattan on Wednesday afternoon in connection with the conditions of his bail.
Woolworths to close in January
Administrators at Woolworths say the chain’s 807 stores will close by 5 January and 27,000 staff are set to lose their jobs.
Unemployment increases sharply
The number of people out of work rose by 137,000 to 1.86 million in the three months to October, official figures show.
Prime mortgage arrears at an eight-year high
Prime mortgage arrears at an eight-year high
House prices may fall by 10 to 15 percent warns Barclays chief
House prices may fall by 10 to 15 percent warns Barclays chief
Tracker mortgage customers ‘could save billions’
Tracker mortgage customers ‘could save billions’