The UK's recession will be tougher and longer than first thought, the business group CBI has warned.It estimates that the economy will shrink by 1.7% in 2009, a dramatic downgrade from the forecast of 0.3% growth the CBI gave in September.The group added that unemployment could peak at close to 2.9 million by 2010, up from 1.8 million at present.The CBI had hoped the recession would be "shallow" but said October's banking sector turmoil now made this unlikely.DowngradeThe UK economy shrank for the first time in 16 years between July and September, confirming that the UK is on the brink of recession. What is clear is that the short and shallow recession we had hoped for a matter of months ago is now likely to be deeper and longer lasting John Cridland, CBI deputy director general The UK will be technically classed as being in recession if the economy, as expected, contracts in the fourth quarter as well.John Cridland, CBI's deputy director general, said that turmoil in the banking system in September and October had sent consumer and business confidence plummeting."Given the speed and force at which the downturn has hit the economy, we have reassessed and downgraded our expectations for UK economic growth," he said."But the fast-moving and global nature of this crisis means it is impossible to look far ahead with any certainty."What is clear is that the short and shallow recession we had hoped for a matter of months ago is now likely to be deeper and longer lasting."The CBI expects the economy to contract by 0.8% in the final quarter of 2008 and says the economy will continue to shrink in the subsequent three quarters before beginning to recover in... View More » Comenta la noticia. »
The head of the International Monetary Fund says it will need more funding if it is to play a bigger role in aiding a global economic recovery.Dominique Strauss-Kahn told the BBC that the IMF was likely to need at least $100bn (£68bn) of extra funding over the course of the next six months.Mr Strauss-Kahn also called on states to continue cutting interest rates.His comments came as the Japanese economy officially entered a recession, shrinking 0.1% in the third quarter.This follows a 0.9% contraction in the world's second-biggest economy in the previous quarter from April to June.On... View More » Comenta la noticia. »
A panel of experts has rejected plans to presume everyone consents to being an organ donor unless they opt out.The UK Organ Donation Taskforce - a government advisory committee - is expected to spell out why it is against the change later.The prime minister and the chief medical officer are among supporters of a "presumed consent" system.They believe it would tackle the chronic shortage of organs and save thousands of lives.There are currently around 8,000 people in the UK who need an organ transplant but only 3,000 operations are carried out each year.Every year, 1,000 people in... View More » Comenta la noticia. »
The Japanese economy has entered its first recession since 2001 after shrinking 0.1% in the third quarter.The world's second-biggest economy had previous shrunk by 0.9% in the April to June quarter."The downtrend in the economy will continue for the time being as global growth slows," said Japanese Economy Minister Kaoru Yosano.The eurozone officially slipped into recession last week, and the US is expected to follow."We need to bear in mind that economic conditions could worsen further as the US and European financial crisis deepens, worries of economic downturn heighten and ... View More » Comenta la noticia. »
A poem by a primary school youngster and a fake news bulletin by older pupils are being used to help youngsters in Wales tackle bullying.They were the winners in competitions run by the assembly government for Anti-Bullying Week.The aim is to help both bullied and bullying pupils think about the consequences.The campaign is run by a coalition of 60 organisations, including the NSPCC, Barnardo's and ChildLine.Primary school children were invited to write a short poem about bullying, with the winning entry earning a £1,000 prize for their school.Secondary school pupils had the task of... View More » Comenta la noticia. »
Obesity causes an estimated 450 deaths a year in Northern Ireland, a health chief has said.Leading obesity experts will be at Belfast's Europa Hotel on Thursday to discuss ways of tackling the problem.Health Promotion Agency chief executive, Dr Brian Gaffney, said that obesity costs the economy about £500m."Being overweight or obese increases the risk of health conditions such as heart disease, stroke, diabetes and some cancers," he said.He added that it also had a "major impact on education, employment and mental and emotional health".The conference, 'Obesity:... View More » Comenta la noticia. »
UK businesses have little faith that the government is doing enough to tackle hi-tech crime, says a report.Of those questioned 57% said any malicious hi-tech crime in the workplace would not be dealt ... View More » Comenta la noticia. »
A body has been found in a burning car at a beauty spot in County Down.The vehicle was reported on fire in Crawfordsburn Country Park at about midday on Thursday. The body was then discovered inside the vehicle.Police have not said if the dead person was a man or a woman. The cause of death is not known and a post mortem is to be carried out on Friday.Councillor Alex Easton MLA described the body find as "shocking and horrifying"."This community is reeling in shock at this traumatic news in an area known for its outstanding beauty," said Mr Easton, who is also chairman of... View More » Comenta la noticia. »
Britain's Andy Murray saw off Stanislas Wawrinka in three sets to set up a Toronto Masters quarter-final against defending champion Novak Djokovic.Ninth seed Murray beat the 10th-ranked Wawrinka 6-2 0-6 6-4, despite losing seven straight games at one point.Djokovic earlier beat Sweden's Robin Soderling 6-4 6-4, while former champion Andy Roddick lost 6-4 4-6 6-4 to Croatian Marin Cilic.Rafael Nadal takes on Igor Andreev late on Thursday.And France's Gilles Simon, who caused a major shock with victory over Roger Federer on Wednesday, beat Jose Acasuso 6-3 6-4.Murray, 21, began and ended his ... View More » Comenta la noticia. »
The Team Columbia rider Marcus Burghardt, who helped Britain's Mark Cavendish to four stage wins, today earned some glory of his own with victory in the 18th stage of the Tour de France. Race leader Carlos Sastre finished in the peloton about seven minutes behind Burghardt and retains possession of the yellow jersey. The main group also included the Australian rider Cadel Evans, who remains favourite for overall success.
The German Burghardt sprinted clear of Spanish rider Carlos Barredo in the final stretch of the stage from...
Liverpool have made their sixth signing of the summer with the capture of the French striker David Ngog from Paris St Germain. The 19-year-old has signed a four-year deal at Anfield and follows Philipp Degen, Andrea Dossena, Diego Cavalieri, Vincent Weijl and Emmanuel Mendy to the club.
The Anfield club described the forward as "one of the brightest young talents in French football" and "lightening quick", although Ngog, the cousin of the former Newcastle defender Jean-Alain Boumsong, managed just one goal in 18 matches for PSG last season. The fee is reported to...
Injured midfielder Steven Gerrard was asked to report to England manager Fabio Capello, despite being unfit for Wednesday's friendly against Germany.Gerrard could be out for 10 days after he tore a leg muscle in Liverpool's 2-0 win at Bolton on Saturday but Capello is seeking his own diagnosis.Manchester United pair Wayne Rooney and Rio Ferdinand are out with injuries while captain John Terry is a doubt.Goalkeeper Joe Hart has an ankle injury and has been replaced by Paul Robinson.Manchester... View More » Comenta la noticia. »
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