Daily Archives

New Greek PM Papademos urges structural reform

BBC – Mr Papademos, an unelected banker, insisted Greece’s only option was to stay within the 17-nation zone. The BBC’s Mark Lowen says it was a defiant and ambitious speech by the new Greek leader. Mr Papademos faces a vote of confidence in parliament on Wednesday, but is expected to win Read article

Fund manager builds $800m News Corp stake

Independent – Chris Hohn, one of the City of London’s most aggressive fund managers, snapped up an $834m stake in News Corp while Rupert Murdoch’s company was embroiled in the phone-hacking scandal, it was revealed last night. Mr Hohn’s fund, the Children’s Investment Fund, acquired almost 54 million News Corp shares in the three months to the end of September, according to a regulatory filing with the Securities and Exchange Commission in the US. News Corp was not among the fund’s list of shareholdings three months earlier. Read Article

Council accused of a ‘staggering invasion of privacy’ as it plans to record EVERY conversation that takes place in taxi cabs

Daily Mail – Cab drivers and their passengers are to be spied on during journeys in what has been denounced as a ‘a staggering invasion of privacy’. CCTV cameras are to be fitted in 650 taxis – costing the taxpayer £260,000 – to monitor drivers throughout their shift and record the conversations of passengers. The cameras will begin recording sound and vision from the moment the ignition is turned on and remain on for 30 minutes after the engine has stopped running. Read Article