September 2021

first_img Google Street View put under scrutiny by German officials whatsapp Show Comments ▼ KCS-content Wednesday 11 August 2010 8:21 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald THE German government said yesterday it will scrutinise Google’s promise to respect privacy requests by letting people opt out of its Street View mapping system and that it would be ready to intervene if necessary.The response to Street View has been overwhelmingly negative, even though Germans have been given assurances they can have images of their homes kept out.But Google’s announcement on Tuesday that it would allow Germans to stay out of Street View failed to allay fears that privacy would be compromised by the navigation system.Consumer minister Ilse Aigner said: “We’ll take a very close look at how effectively this works in practice and we’ll see from there.” More than 10,000 Germans have already formally requested their homes be deleted from Street View. Criticism from civil rights watchdogs will likely push that figure higher. Share Tags: NULLlast_img read more

first_img whatsapp Show Comments ▼ FOXTONS FOUNDER PLOTS HOUSING PROJECT Share whatsapp Monday 13 September 2010 8:42 pm Property mogul Jon Hunt (inset) has launched an investment firm, Bacchus Partners, to fund the development of hundreds of residential schemes in the southeast. Hunt will use part of the £370m he netted from selling estate agent Foxtons to private equity firm BC Partners at the top of the housing market in 2007. Hunt will work with up to 20 property companies to develop social housing and other more affordable homes. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

first_img KCS-content WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp FINANCIAL TIMESBRAZIL IN GLOBAL CURRENCY WAR’ ALERT An “interntaional currency war” has broken out according to Guido Mantega, Brazil’s finance minister, as governments around the world comcompete to power their exhange rates to boost competiveness. Mantega’s comments in Sao Paulo follow a series of interventions by central banks in Japan, South Korea and Taiwan in an effort to make their currencies cheaper. REVERSAL ON CARILLION’S RECLASSIFICATIONCarillion has successfully persuaded the body responsible for deciding the sectors in which listed companires are categorised to backtrack on a recent decision to reclassify it as a constrution company. Carillion called on the Industry Cassification Benchmark committee to ‘correct’ the move.GERMANY PRESSES FOR SHAKE-UP OF LANDESBANKENThe German government believes it could take until spring for the troubled publicly owned Landesbanken to agree the first steps of a reorganisation after the global financial meltdown and Eurozone crisis. Steffen Kampete, deputy finance minister said consolidation was vital to “win back the confidence” of the markets. “I don’t think we’ll get anythinng definitive by year’s end. But we’ll see the contours by spring 2011,” he said.AIG TO FACE SHARE LOCK UP AFTER AIA HONG KONG LISTINGAIG will keep a minimum stake of 30 per cent in AIA for at least a year after its Asian businesses are listed in Hong Kong next month. It will also be banned from selling any shares at all for six months after the listing. The lock up will also apply to AIA itself and cornerstone investors.THE TIMESSTANDARD LIFE CHIEF HITS BACK AT VINCE CABLEThe man who runs one of the City’s most respected institutional investors has hit back at Vince Cable, describing his attack on shareholder short-termism as “disappointing”. Keith Skeoch, chief executive of Standard Life Investments, accused the Business Secretary of ignoring “all the good work done” by investors in improving the way they hold companies to account in the past year.P&G LOOKS AT THE LONG TERM THROUGH GREEN-TINTED LENSProcter & Gamble has pledged to power its factories with 100 per cent renewable energy. The world’s largest consumer products company also said it would use only renewable and recycled materials in all its products and packaging and would report on its progress annually.The Daily TelegraphBP WARNS RESTART OF DRILLING IN GULF OF MEXICO WILL BE SLOWBP has admitted that a resumption of deepwater drilling in the Gulf of Mexico is likely to be slow, delivering a blow to the thousands in the region whose livelihoods depend on it. It’s likely to be “a phased restart,” Doug Suttles, BP’s chief operating officer for exploration and production,” told the Presidential commission investigating the spill. TOPSHOP TO OPEN SECOND US STORETopshop, the fashion retailer owned by Sir Philip Green, has signed a lease on its second US shop, in Chicago. The 35,000 sq ft store on the city’s North Michigan Avenue will open in autumn 2011. He is also in talks to open shops in Los Angeles and Las Vegas, and is considering San Francisco. Topshop opened its first US store – in New York – in 2009.WALL STREET JOURNALUK’S IMMIGRATION RULES SLAMMED Large corporations and other employers are turning up the heat on the UK government as it finalises new immigration rules that industry says would restrict their ability to recruit key talent. Border authorities in June introduced a temporary cap on how many skilled and highly skilled workers employers can hire from outside the European Union. In the coming months the government is expected to announce the permanent rules that will take effect in April.FORD CEO EXPECTS SOLID PROFITFord still expects to make a “solid profit” this year and plans to invest £1.5bn in the UK over the next five years, the car manufacturer’s president and chief executive Alan Mulally said yesterday. He added he expects the car manufacturer to post an improvement in performance in 2011. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com whatsapp center_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Monday 27 September 2010 8:48 pm Show Comments ▼ Tags: NULLlast_img read more

first_img whatsapp KCS-content Share Wednesday 29 September 2010 10:34 pm whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ New chief for jeweller Signet Tags: NULL Jewellery giant Signet has appointed the president of watch brand Fossil as its new chief executive. Mike Barnes will replace Terry Burman, who is retiring next January after ten years at the helm of the Anglo-American company, which owns H Samuel and Ernest Jones in the UK. Barnes joins on 1 December and will be based in the US. Barnes has been with Fossil for more than 25 years in a number of roles, and was part of the management team which took Fossil public in 1993. Signet said he was a “seasoned and accomplished manager.” last_img read more

first_img Activity in the manufacturing sector weakened more than expected in September to grow at its slowest pace in ten months, as export orders fell for the first time in more than a year, a survey showed.The Markit/Chartered Institute of Purchasing and Supply manufacturing PMI index fell to 53.4 in September from a downwardly revised 53.7 in August. That was the lowest since November 2009 and below forecasts for a reading of 53.8.The figures are likely to reinforce concerns that Britain’s recovery is losing steam after strong growth in the second quarter, and could lend weight to Bank of England policymaker Adam Posen’s view the BoE should inject more stimulus.Meanwhile, signs that price pressures are easing and that firms still have spare production capacity should provide reassurance the BoE can leave interest rates at their record low of 0.5 percent for longer without stoking inflation.The PMI survey showed output fell back to grow at its slowest pace since last September and the employment index also fell to stand barely above the 50-level which separates expansion from contraction.“More worrying is the order book trend,” said Rob Dobson, senior economist at Markit. “This suggests that the slowdown in production has further to run.”The new orders index improved by almost two points, but the export orders index fell below 50 to show foreign demand declining for the first time since July 2009.“This mainly reflected weaker foreign demand for UK consumer goods,” the survey said, adding that respondents had reported a drop in demand from clients in mainland Europe, the United States and Russia.Foreign demand for British goods has not been as strong as experts thought it would be even though sterling has lost around a quarter of its value against other currencies since 2007.And the prospect of a pick-up in exports is looking increasingly uncertain as Britain’s key trading partners face muted growth and fiscal austerity measures.That, together with sharp cuts in government spending, mean the UK’s surprisingly robust 1.2 per cent growth between April and June could turn out to be the peak for now. whatsapp John Dunne UK manufacturing growth at ten-month low Share Friday 1 October 2010 4:58 am Tags: NULLcenter_img whatsapp Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img read more

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo whatsapp Share Liverpool FC accepts offer from Boston Red Sox Liverpool Football Club has been sold to the owners of us baseball team the Boston Red Sox.New England Sports Ventures has been given the go-ahead by Liverpool chairman Martin Broughton and RBS – the club’s main bank.Broughton said: “By removing the burden of acquisition debt, this offer allows us to focus on investment in the team. I am only disappointed that the owners have tried everything to prevent the deal from happening and that we need to go through legal proceedings in order to complete the sale.” Show Comments ▼ Wednesday 6 October 2010 2:23 amcenter_img whatsapp Tags: NULL John Dunne Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wraplast_img read more

first_img Tags: NULL THE spirit of global economic cooperation, first forged in 2008 during the darkest days of the financial crisis, was weakening as the recession gives way to an uneven and shaky recovery, the head of the International Monetary Fund (IMF) said yesterday.“Many do consider their currency a weapon. That is not good for the global economy… There is no domestic solution to a global crisis,”?said Dominique Strauss-Kahn.Fears of global currency and trade wars, which were key factors in the Great Depression, have jumped to the top of the agenda at IMF and World Bank meetings this weekend, and are also expected to be a primary topic of discussion when the Group of Seven finance leaders gather today.These meetings are expected to provide a forum for intense discussions about efforts to persuade China to let its currency rise.“If one lets this slide into conflict, or forms of protectionism, then we run the risks of repeating the mistakes of the 1930s,” World Bank president Robert Zoellick said yesterday echoing Strauss-Kahn’s fears. KCS-content IMF chief warns against currency manipulation by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 7 October 2010 9:45 pmcenter_img Share whatsapp Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Show Comments ▼last_img read more

first_img ID fraud costs UK economy £2.7bn Sunday 17 October 2010 11:10 pm Share KCS-content whatsapp whatsappcenter_img UK identity fraud costs more than £2.7bn and affects over 1.8m people every year, according to new figures. On average, fraudsters gain over £1,000 from every stolen identity, according to the National Fraud Authority. Criminals often look to fraudulently obtain genuine documents such as birth certificates, passports and driving licences.However, they also intercept utility bills and steal online passwords, to use to plunder accounts.National Fraud Authority chief executive Dr Bernard Herdan said: “Stolen and false identities are a significant enabler of crime and this issue demands a co-ordinated response across government and the private sector.” Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

first_img West End sees robust October high street sales whatsapp Sunday 14 November 2010 10:39 pm KCS-content SALES at London’s West End shops remained robust during October despite the details of the government’s Comprehensive Spending Review acting to unnerve consumers.According to lobby group the New West End Company, which is backed by major retailers and property owners in Bond Street, Oxford Street and Regent Street, West End sales rose 7.7 per cent year-on-year. The outcome is well ahead of the 0.8 per cent rise across the rest of the UK reported by the British Retail Consortium.Jace Tyrrell of the New West End Company said: “October was an interesting month as people prepared for the Comprehensive Spending Review. on the 20th. Retailers have reported that the anticipation translated into sluggish footfall and steady sales for the first three weeks. “However, following the review, the final week of the month saw a 20% increase in foot flow as considered shoppers returned to the West End, and sales were boosted due to a strong family half term presence. ”The figures come as department store group John Lewis – which also owns the Waitrose supermarket business – reported a strong week of trading ahead of the key Christmas season. whatsapp Tags: NULLcenter_img Share Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMoneyPailShe Was A ’90s Star, Now She Works In {State}MoneyPailthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerlast_img read more

first_img Show Comments ▼ IRELAND last night agreed an €85bn (£72.2bn) bailout package after a crunch meeting with European finance ministers.It accepted a total of €67.5bn in external support as well as raiding its state pension scheme for €12.5bn. A further €5bn from Ireland’s cash reserves was also committed.The beleaguered nation will immediately inject €10bn to recapitalise its ailing banks, with a further €25bn being placed in a contingency fund.The central bank yesterday revealed Bank of Ireland and Allied Irish Banks will require at least €7.5bn in extra funds to meet new capital requirement rules.The remaining €50bn of the bailout will go towards the general running of the country, including paying the wages of public sector workers.The €67.5bn of external support is made up of a €22.5bn loan from the International Monetary Fund (IMF); €22.5bn from the European Financial Stability Mechanism (EFSM); €17.7bn from the European Financial Stability Fund (EFSF); and €4.8bn in bilateral loans from non-Eurozone nations.The UK will contribute a total of €7.9bn to the package. This consists of a €3.8bn bilateral loan; 4.5 per cent of the €22.5bn IMF contribution, totalling just over €1bn; and 13.8 per cent of the EFSM, coming to €3.1bn.The average rate of interest on the loan will be 5.8 per cent over a seven year period. However, EU ministers determined to punish Ireland have slapped a six per cent rate of interest on the European portion of the loan, compared to just three per cent, rising to four per cent in 2013, on the IMF slice.Interest payments on the loans will account for a staggering 20 per cent of Ireland’s tax revenue by 2014.The EU hinted that private bondholders would need to take more of the pain when a replacement fund for the ESFM is formed in 2013. German chancellor Angela Merkel has long argued for bondholders to take a so-called “haircut” when countries are bailed out. George Osborne announced the UK will not be a part of the new fund, in a move seen as a concession for the UK’s contribution to the bailout.The UK currently provides 13.8 per cent of the €60bn ESFM. It does not provide funds for the €566bn EFSF.A dejected Prime Minister Brian Cowen attempted to put a positive spin on the announcement, saying Ireland will be allowed to keep its 12.5 per cent rate of corporation tax. European nations led by Austria had campaigned for Ireland to be forced to increase the rate as punishment for accepting the rescue package.Cowen also confirmed he will call a general election in the New Year after the bailout has been received.The possibility of contagion spreading to the other peripheral nations – such as Portugal and Spain – appeared to grow at the end of last week, with yields on Portuguese bonds soaring to seven per cent. Spain’s yields also shot up to five per cent and Italy’s to four, sparking fears they could follow Greece, whose yields are at nine per cent. KCS-content Share whatsapp Sunday 28 November 2010 10:08 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles StoneReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center EUROPE AGREES €85BN BAILOUT FOR IRELAND Tags: NULLlast_img read more