Britain’s finance minister on Wednesday said the country’s economy is facing its worst year since World War II as he unveiled measures including higher taxes for top earners in an annual spring budget aimed at countering recession. Laying out his government’s strategy for investment and financial cuts for the coming year, Treasury chief Alistair Darling warned of further tough times ahead, insisting there were “no quick fixes” to the current crisis.
Tag Archives: country
Family of boxer fights for pardon of 1913 racist conviction
Terror arrest Pakistanis to fight deportation
The Chinese Navy: How Big a Threat to the U.S.?
Painting, sold under Nazis, returned to owner’s estate
An oil painting was returned Tuesday to the estate of a Jewish art dealer who was forced to consign the painting and other artwork under Nazi Germany before fleeing the country. The painting, “Portrait of a Musician Playing a Bagpipe,” was done in 1632 by an unknown painter from the Northern Netherlandish school, according to a statement from the U.S
Thinner is better to curb global warming, study says
Here’s yet another reason to stay in shape: Thinner people contribute less to global warming, according to a new study. Researchers at the London School of Hygiene and Tropical Medicine published a study showing that, because of food production and transportation factors, a population of heavier people contributes more harmful gases to the planet than a population of thin people
Iranian filmmaker urges release of American journalist
Is the Future of Electric Cars in China?
Like drowning men grasping the only piece of buoyant driftwood in sight, top executives from the world’s beleaguered auto industry arrived in Shanghai this week for the city’s 2009 auto show, unveiling their newest brands in the only car market in the world that continues to grow. Some of the show’s stars are predictable, drawing crowds of reporters and photographers on Monday, media day: a stunning new Lexus convertible, the reborn Chevy Camaro from General Motors and the worldwide debut of Porsche’s new luxury sedan, the Panamera.
Venezuelan mayor flees, says Hugo Chavez out to get him
A Venezuelan mayor who says President Hugo Chavez is persecuting him on trumped-up corruption charges has gone to Peru, that nation’s foreign minister said Tuesday. Maracaibo Mayor Manuel Rosales, who belongs to a different political party than does Chavez, was supposed to have turned himself in to authorities on Monday but failed to appear.