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Alistair Darling

Darling calls for action from G7

Mr Darling says he wants real action from G7 nations UK Chancellor Alistair Darling has called on the Group of Seven (G7) rich countries to "do whatever it takes" to tackle the global financial crisis. As Mr Darling and his...

World News: George Bush promises to solve financial crisis

Oct 10 2008 WalesOnline US President George Bush made a public appeal for trust that the US could cut through the “uncertainty and fear” of the the financial crisis today. He acknowledged the markets meltdown was a worldwide...

Roy Hattersley: Don't mess with Iceland

As I found out in the cod war of 1975, the people of that tiny island can prove fearsome foes. But so it was in 1975, when Iceland decided - unilaterally and illegally - to create an "exclusion zone" around its coast. When...

What next? The economy stares into the abyss as the global meltdown worsens

It has been a destruction of wealth unprecedented in human history: Some $25 trillion – $25 million million – wiped from the value of the world's stock markets so far this year, and $4.6trn (£2.7trn) of that in the past week...

Wales News: Stock market bloodbath

Oct 11 2008 by Aled Blake, Western Mail THE bloodbath on the Stock Exchange continued yesterday as billions of pounds were lost with global recession fears panicking investors. London’s FTSE 100 Index of top shares suffered...

Fear takes over from reason as traders see no end to turmoil

Panicked investors yesterday pushed the index of Britain's top 100 companies to a four-year low as fears took hold that politicians had lost control of the worsening bank crisis. Brokers said concerns continued to plague the...

Doubts over Alex Salmond's pledge on free school meals

Serious doubts have emerged over Alex Salmond's pledge to provide free school meals to all children in the first three years of primary school after council leaders called for funding talks with ministers.

Financial crisis FTSE suffers worst week as panic sets in

The London stock market has suffered its worst week in history after falling yesterday by nearly nine per cent amid a wave of panic selling. By Harry Wallop, and David Litterick The London stock market has fallen nine per cent...

Financial system close to collapse, UK warns

By Chris Giles, Economics Editor, in Washington UK authorities insisted on Friday that action, not words, was needed from this weekend’s meeting of the group of seven leading economies if there was to be any hope of saving the...

Savings: A question of ... what, where, when?

I have an Icesave savings account. No. The Treasury confirmed this week that Icesave Isa customers will retain their tax-free status. Although your account still exists in name, if you had an internet-based account - more than...