The White House warned that failure to pass Barack Obama’s tax compromise with Republicans would have dire consequences for the US economy View full post on Financial Times – UK Homepage
Pope says condoms sometimes permissible to stop Aids
The use of condoms to stop the spread of Aids may be justified in certain cases, Pope Benedict says in a new book that could herald the start of sea change in the Vatican’s attitude to condoms View full post on Financial Times – UK Homepage
Dublin says aid package might be needed
Ireland’s finance minister Brian Lenihan says the attack on the euro prompted the country to seek the assistance of the European Union and the International Monetary Fund View full post on Financial Times – UK Homepage
Trichet says eurozone needs stricter fiscal reforms
European Central Bank President Jean-Claude Trichet said on Saturday more ambitious reforms of eurozone budget rules were needed than those proposed by the European Commission View full post on Financial Times – UK Homepage
Top oil trader says price will fall short of $100
Oil prices will rise modestly towards $85 a barrel next year despite market expectations that they will return to above $100 a barrel, the world’s largest oil trading house has forecast View full post on Financial Times – UK Homepage
Brussels says currency moves could undermine revival
Europe’s fledgling economic recovery could suffer if the euro is further undercut by other currencies, the European Union’s economics chief warned, as China rebuffed fresh pleas to allow the renminbi to strengthen View full post on Financial Times – UK Homepage
BP oil spill well effectively dead, says US
The US authorities pronounced BP’s blown-out Macondo well in the Gulf of Mexico ‘effectively dead’, 152 days after the explosion on the Deepwater Horizon drilling rig that caused the world’s largest ever accidental offshore oil spill View full post on Financial Times – UK Homepage
BP oil spill ‘effectively dead’, says US
The US authorities pronounced BP’s blown-out Macondo well in the Gulf of Mexico “effectively dead”, 152 days after the explosion on the Deepwater. Horizon drilling rig that caused the world’s largest ever accidental offshore oil spill View full post on Financial Times – UK Homepage
Immigrant cap hits economy, says Cable
Immigration limits are costing the UK thousands of jobs and hurting the country’s fragile economic recovery, Vince Cable said, in scathing comments that lay bear tensions on the issue within the coalition View full post on Financial Times – UK Homepage