LONDON : Prime Minister Gordon Brown played down the prospect of injecting more state cash into struggling banks in an interview Sunday, amid fears that October’s bailout has failed to boost credit flows.
MADRID : Dozens of flights were cancelled, and hundreds more delayed, at Madrid’s Barajas airport on Saturday due to a labour dispute involving flag carrier Iberia as well as a shortage of air traffic controllers, airline and airport officials said.
LONDON - Britain is considering another bailout for the country’s banking sector, reports said Saturday, amid fears that October’s multi-billion-dollar cash injection has failed to boost credit flows.
KIEV : Kiev on Saturday warned the European Union the bloc could face “serious problems” within 10 days with Russian gas deliveries transiting Ukraine, after Moscow cut off all gas supplies to its neighbour.
NEW YORK : US stocks may have started the New Year with a bang but experts see major headwinds for the market as the new administration of Barack Obama moves rapidly to eject the economy from prolonged recession.