Monthly Archives: July 2008

YESTERDAY’S shares collapse across the globe was blamed by economists on record inflation, record oil prices and fears of more banks crashing. In London the FTSE 100 index fell 2%, down 140.7 points at 5,485.2, with £30 billion lopped off share prices by early afternoon. Paris and Frankfurt...

MANY senior foreign executives at oil giant BP’s Russian partnership TNK-BP are to be forced to leave Russia after their requests for work permits were refused. The Russian authorities have turned down more than half of the requests made by managers of TNK-BP as the battle for control...

‘IT is very clear that the collapse of the capitalist system has collapsed New Labour, that is the modern Labour Party’, News Line editor Paddy O’Regan told a packed 200 strong News Line & All Trade Union Alliance conference in central London on Sunday. The conference voted unanimously...

LAST year the Bank for International Settlements (BIS) was alone amongst banks in warning that the situation had similarities to that at the time of the onset of the Great Depression. BIS warned that years of cheap credit had created a financial bubble and that the bursting of...

ALL 45 police officers’ applications for anonymity at the inquest into the death of Jean Charles de Menezes have been approved, it was announced yesterday. The Coroner, Sir Michael Wright, announced this decision at a pre-inquest hearing into Jean Charles’ death at Southwark Coroners Court this morning. The move, which...

‘We will return to our islands,’ chanted over 150 Chagos islanders, British trade unionists and youth outside the House of Lords yesterday. The mass picket was organised by the Chagos Islands Community Association and supported by the PCS, GMB, FBU and POA trade unions, the WRP and Young Socialists. It...