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Greek default almost certain, Chinese safety standards questioned and two fake Apple stores closed

25 Jul

CNBC – Moody’s: Greek default is almost certain. Here’s why Ratings agency Moody’s cut Greece’s sovereign debt by three notches on Monday to Ca, just one notch above default, saying the new bailout set a negative precedent for creditors of other debt-burdened countries. New York Times: Train wreck in China […]

English Defense League, Amy Winehouse and the US debt ceiling

25 Jul

The Independent: Outcry over role of English Defence League Supporters of the English Defence League have blamed the Norwegian government’s immigration policies for the attacks that killed at least 93 people, provoking outcry from anti-fascist campaigners who are calling for the EDL to be classified as an extremist group. The […]

Scandal closer to Cameron’s door as Scotland Yard chief quits and Brooks gets arrested

18 Jul

The Daily Telegraph: Scotland Yard chief quits with parting shot at Cameron Sir Paul Stephenson last night resigned as Commissioner of the Metropolitan Police, putting more pressure on David Cameron over his personal links to the phone hacking scandal. The Independent: Day of drama brings scandal a step closer to […]

MPs quiz hacking police, EU revives buyback program, and Ground Zero site to make public debut

12 Jul

BBC: MPs quiz hacking police Senior police officers face questions before the Home Affairs Committee about the way they handled investigations into phone hacking. Bloomberg: EU revives buyback idea as crisis hits Italy As exploding bond yields in Italy and Spain brought the crisis closer to the heart of the […]

Hacking: Could Murdoch exit Britain altogether? European debt contagion spreads to Italy.

12 Jul

The Guardian: The Brown files – how Murdoch papers targeted ex-pm’s family Journalists from across News International repeatedly targeted the former prime minister Gordon Brown, attempting to access his voicemail and obtaining information from his bank account and legal file as well as his family’s medical records. The Independent: As […]

Hacking scandal and its impact on Murdoch’s News Corp., Facebook to offer Skype video chats

7 Jul

The Guardian: The day the prime minister was forced to act on phone hacking The Daily Telegraph: Families of war dead hacked News of the World investigator had details of bereaved relations. More crime victims names as possible targets. The Independent: Murdoch empire in crisis Latest hacking claims put BSKYB […]

Hacking scandal and its impact on Murdoch’s News Corp., Portugal’s downgrade, Zuckerberg and more

7 Jul

The Daily Telegraph: Families of war dead hacked News of the World investigator had details of bereaved relations. More crime victims names as possible targets. The Independent: Murdoch empire in crisis Latest hacking claims put BSKYB takeover in jeopardy; prime Minister concedes need for public inquiry; major advertisers desert the […]

Christine Lagarde, post-revolution progress in Egypt, and fattening diet drinks

29 Jun

Wall Street Journal: Lagarde is first woman at IMF helm The International Monetary Fund named French Finance Minister Christine Lagarde to be its next managing director, making her the first woman and 11th consecutive European to hold the top job. She will have to mend relations with emerging-market nations that […]

Hangover Part II, Samantha Cameron and Cheryl Cole (Highlight ČT24)

30 May

Hollywood Reporter: ‘The Hangover Part II’ Biggest Comedy Bow of All Time at $137.4 Million
Shattering numerous records, Warner Bros.’ The Hangover Part II grossed $137.4 million in its five-day launch at the domestic box. Overseas, Hangover opened to $59 million from 40 countries […]

From X Factor and Cheryl Cole to South Korean economy and global warming (newspapers overview)

30 May

Financial Times: South Korea: An economy divided
South Korea has one of the world’s highest suicide rates, worsening rapidly as the gulf widens between rich and poor in a faltering and uneven domestic economy. Many of South Korea’s chaebol (conglomerates like Samsung or Hyundai) gained market share in the most recent economic downturn, but their success disguises financial distress among small businesses and indebted households. […]