IT was the news all British homeowners should have been dreading: on Tuesday, Mervyn King, the governor of the Bank of England, was forced into a humiliating admission that, for the first time since the Bank was granted its independence a decade ago, it had failed to keep inflati …
The world has changed beyond recognition since 1966, when Britain's Labour Prime Minister, Harold Wilson, persuaded the BBC to delay an election-night episode of Steptoe and Son, a working class sitcom popular with Labour voters, until after the polls had closed.
It is being compared to a goldfish trying to swallow a whale: Porsche, the German elite carmaker behind the 911, Boxster and other testosterone-charged marques, launches a takeover bid for Volkswagen, Europe's biggest carmaker.
AN ancient Persian proverb, much beloved of the ayatollahs in Tehran, urges Iranians to "be lions at home and foxes abroad".
How Britain could put Iran on the back foot. t appears that Iran holds all the cards in the hostage crisis.
KOHLBERG Kravis Roberts (KKR), the private equity firm fronted in Britain by Clive Hollick, the former media tycoon, has started preliminary work on a £7bn (E10.6bn, $13.7bn) leveraged buyout (LBO) of Pearson, the British media group that owns the Financial Times and Penguin boo …
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