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Archive for January 25th, 2008EU industry chief unveils toy safety crackdownPosted by UK Economy News
In UK financial news
25Jan 08 The EU industry chief unveiled plans on Friday to revise the bloc's toy safety standards with a ban on some chemicals and on packaging toys as giveaways with foods such as sweets or cereals.
Read full story French government demands answers on rogue trade scandalPosted by UK Economy News
In UK financial news
25Jan 08 The French government demanded a full accounting Friday of how a rogue trader at Societe Generale managed to lose 7.0 billion dollars, as it emerged he gambled on over 73 billion dollars -- more than the bank's current value.
Read full story Comments Off Ukraine reaches accord to join WTO: sourcePosted by UK Economy News
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25Jan 08 Ukraine has reached an accession agreement with the World Trade Organisation, a WTO source said on Friday.
Read full story Comments Off Oil prices shoot above 90 dollarsPosted by UK Economy News
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25Jan 08 The price of oil jumped back above 90 dollars on Friday, helped by a recovery in global stock markets on the back of plans for a stimulus package to prevent the US economy falling into recession, traders said.
Read full story Comments Off Dollar continues firmer on US stimulus packagePosted by UK Economy News
In UK financial news
25Jan 08 The dollar was firmer in European trade Friday, continuing to find support from the quick accord on an economic stimulus plan between the White House and Congress and a rebound in the equity markets.
Read full story Comments Off German group E.ON ready for battle over broken seal: spokesmanPosted by UK Economy News
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25Jan 08 German energy group E.ON said Friday it would fight back if the European Commission slapped it with a heavy fine for allegedly breaking a seal on a room that contained confiscated papers.
Read full story Comments Off Davos discusses how to address climate change, poverty alleviationPosted by UK Economy News
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25Jan 08 The annual Davos gathering of corporate wealth and political power turned its lofty gaze on the world's poor Friday, with delegates chided over failures to deliver on development goals.
Read full story Comments Off SAfrica has national emergency due power cutsPosted by UK Economy News
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25Jan 08 South Africa said it had a national emergency on Friday due to power cuts that brought gold and platinum mining to a near standstill and sent precious metals to record highs.
Read full story Comments Off Anglo SA evacuates coal minesPosted by UK Economy News
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25Jan 08 Anglo Coal South Africa, fully owned by Anglo American , has evacuated workers at all of its opencast and underground coal mines due to sweeping power cuts, a source close to the situation said on Friday.
Read full story Comments Off Ukraine reaches accord to join WTOPosted by UK Economy News
In UK financial news
25Jan 08 Ukraine has reached an agreement with the World Trade Organisation to join the global trade body, a WTO source said on Friday.
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