Latest News

IMF Warns of Second Recession

On Tuesday, the International Monetary Fund (IMF), alongside the World Bank, warned that global economic growth is due to be substantially weaker than thought. This comes even though better economic data and market conditions have been reported, indicating improved business activity this month. The fund has forecast that weak momentum from the late 2011 sovereign crisis will push .. Read more

Costa Cruises Vessel Runs Aground Off Italian Coast

The Costa Concordia hit rocks off the coast of Italy's Giglio Island on Friday and, after taking on water, eventually fell onto its side. At the time of the incident, 1,000 crew and about 3,200 passengers were on board. As of Tuesday morning, the death toll rose to seven, dozens had been injured and there are still 29 .. Read more

Coalition Approves HS2 Line

The UK's Coalition government has decided to give the high-speed rail line from London to Birmingham the green light, and later they plan to extend the line to northern England. There had to be some changes to the route due to opposition from lawmakers. This will include more tunnels, including making the one in Chiltern Hills longer to .. Read more

Dobson and Norris Sentenced 18 years after Lawrence Murder

Earlier this week, 36-year-old Gary Dobson and 35-year-old David Norris were found guilty of murdering Stephen Lawrence, a black teen, 18 years ago. Today the pair were given life sentences, but since they were juveniles at the time of the racist London bus stop stabbing, their minimum sentences were under the usual adult level. Judge Colman Treacy delivered the sentences .. Read more

Prince Philip Returns Home after Heart Operation

Just four days after having an emergency heart operation, Prince Philip was released from hospital and returned home on Tuesday. The Duke of Edinburgh, 90, greeted camera crews and reporters with a wave as he was taken to the royal family's Sandringham Christmas gathering, following his thanks to medical staff for such great care. There had been rumours in the .. Read more