Morning all. Come hover around our virtual watercooler and catch up on what you need to know this morning. Today’s news bites are brought to you Nicky.
1. London Riots: David Cameron authorises harsh riot control
The UK Prime Minister, David Cameron has authorised police to use plastic bullets, baton rounds and water cannons in an effort to bring the rioting under control. Heading into the fifth night of anarchy, the father of a man who was killed by a speeding car during riots yesterday, has appealed to youths to stop. “Last night we lost three cherished members of our community,” Mr Jahan said.”Today we stand here to plead with all the youth to remain calm … this is not a race issue.”
So far 1100 people have been arrested for looting and violence-related offences, with 251 being charged, including an 11 year-old boy who stole a bin.
European bank shares have dropped overnight as it is rumoured that France could follow the US in losing its Triple A credit rating. US stocks fell more than 4 percent, while gold hit another record price of $US1796.86, as investors move funds into this commodity. The CEO of French Bank, Societe Generale, Frederic Oudea has said speculation that France’s creditworthiness is in doubt is “absolute rubbish” and President Sarkozy has also cut short a holiday to put an end the rumours.
Closer to home, the impact of the falling stock market could bring interest rates down by as much as 1 percent by Christmas.
Top Comments
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4 "The CASA is now confident Tiger Airways is safe to fly after it tested pilots and found not all passed the standard required to operate the airline safely."
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