Damascus puts blame on armed gangs but NGO says there could be fighting with defecting soldiers View full post on Financial Times – UK Homepage
Lloyds chief says recovery will be slow
António Horta-Osório says the problems he inherited at the part-nationalised bank were more severe than he anticipated and warns recovery could take up to five years View full post on Financial Times – UK Homepage
Goldman says Brent crude will hit $130
Investment bank calls a bottom to the correction in commodity markets and advises clients to buy oil, copper and zinc after a 9 % price fall since the start of May View full post on Financial Times – UK Homepage
Gaddafi son killed in Nato air strike, says government
Saif al-Arab, the Libyan leader’s youngest son, and three grandchildren were killed in an attack on a house in Tripoli. The alliance denies it was an assassination attempt View full post on Financial Times – UK Homepage
Exxon chief says BP lost time
BP lost valuable time at the height of its devastating accident in the Gulf of Mexico last year pursuing solutions to contain the oil spill that were never going to succeed, the chief executive of ExxonMobil has claimed View full post on Financial Times – UK Homepage
US lacks credibility on debt, says IMF
The US lacks a “credible strategy” to stabilise its mounting public debt posing a small but significant risk of a new global economic crisis, says the International Monetary Fund. View full post on Financial Times – UK Homepage
US offical says Libya ‘regime will prevail’
Gaddafi’s superior military forces meant his “regime will prevail” in the longer term, the US director of national intelligence said in testimony to Congress View full post on Financial Times – UK Homepage
Cameron says UK could arm rebels
In his most aggressive foreign policy intervention since taking office, the prime minister has suggested that Britain could help to supply forces opposed to Muammer Gaddafi View full post on Financial Times – UK Homepage
Gaddafi expects ‘big father’ role in new order, says son
Saadi Gaddafi says his father expects to be an advisor to any new regime and turmoil is a ‘positive earthquake’ paving the way for reform View full post on Financial Times – UK Homepage