Oil prices dropped to a six month low on Wednesday as the weekly inventory data on US petrol stocks is published and expected to show marked increase in reserves. As analysis and predictions of a milder winter filter through from meteorologists due to the rise of El Nino the pressure on reserves will mean...
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After calling for a debate on the question of Papal infallibity we note the BBC echo’s our sentiments … How infallible is the Pope? Pope Benedict has not yet made any "infallible" statementsCommentators have described Pope Benedict’s recent expressions of regret as close to a rare papal apology. But how, they ask, can a...
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Giving his strongest nod to the Bank of England this week, Gordon Brown told the annual meeting of the International Monetary Fund (IMF) that the Bank of England must keep inflation in check as Britain’s economy continues to grow. The IMF’s new forecast for UK growth was 2.7 per cent, he added. Asked how...
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We have noted that BP seems to be either unlucky or negligently careless over the last few years. While re-branding itself BP instead of British Petroleum, replacing the Viking shield with a Daisy and placing wind generators in its garages may have worked wonders for the ‘green’ image it likes to portray, it seems...
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At the end of August Sony went to great pains to assure the markets that it was working closely with notebook manufacturers and that there would be no further recalls required. The recall of 4.1 million Dell and then 1.8 million Apple notebooks was that end of it we were assured. Despite incurring estimated...
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The International Monetary Fund warned that Britain could be heading for a housing market crash and urged Gordon Brown to curb spending growth. In its latest bi-annual report, the world financial watchdog said UK property prices appeared elevated and "could come under pressure in a rising interest-rate environment". The International Monetary Fund said that...
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