Britain mulls tighter strike rules
Vittorio Hernandez – AHN News Brighton, England, United Kingdom (AHN) – British Business Secretary Vince Cable hinted over the weekend at the GMB union conference that the government is considering tighter strike rules to avert massive industrial action in response to the coalition’s austerity measures. Cable warned that the government will legislate harsher conditions to [...]
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Rice is king, but at a price
LONDON, United Kingdom (IRIN) – Most of us, when we worry about food prices, think short term – the price today compared with yesterday; the chance that the price will have gone up again tomorrow. But Oxfam this week risked some long term predictions, and came up with alarming results. They foresaw the steepest rise [...]
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British government policy of no bailout places large banks at risk of possible credit downgrades
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Credit ratings agency Moody’s placed major British banks on review because of a new British government policy that no bailout would be provided to financial institutions with problems. Moody’s hinted that 14 banks and building societies may face possible credit rating downgrades over its [...]
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S&P issues warning on U.S. government credit rating
Linda Young – AHN News Writer Washington, DC, United States (AHN) – Credit rating agency Standard & Poor’s Ratings Service has rattled financial markets by changing its outlook for U.S. government debt from “stable” to “negative” over concerns that lawmakers might not reach an agreement on dealing with the budget deficit. The news caused the [...]
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Britain raises minimum wage despite economic uncertainties
Linda Young – AHN News Writer London, Britain, United Kingdom (AHN) – National minimum wage for adults has increased to $9.93 an hour in Britain. That represents a 2.5 percent raise for low-income workers over the age of 20. Younger workers got raises too. The new minimum wage for workers aged 18 to 20 went [...]
Olympic organizers plan stringent security measures for London 2012 Summer Games
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Organizers are planning to put in place very stringent security measures for the London 2012 Summer Games. According to reports, part of the strict measures are similar to what are applied at airports such as limits on what people would be able to bring [...]
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