Yahoo! News: World - Britain

Britain reveals 2nd bank bailout to boost lending (AP) Posted: 19 Jan 2009 03:43 AM CST AP - Britain revealed Monday a second bailout plan for its ailing banks, aimed at protecting them from bad assets in an effort to boost lending to the wider economy.

Gov't unveils second bank rescue package (AFP) Posted: 19 Jan 2009 03:31 AM CST AFP - The government on Monday unveiled an insurance scheme to protect banks from so-called toxic assets, in a second multi-billion pound rescue package seeking to boost lending by banks crippled by the credit crisis.

RBS expects full-year loss up to 28 billion pounds (AP) Posted: 19 Jan 2009 03:06 AM CST AP - Royal Bank of Scotland said Monday that its losses for the full-year could be as much as 28 billion pounds ($41.3 billion), which would be the biggest loss ever by a U.K. corporation.

RBS heads for record $30 billion pound loss (Reuters) Posted: 19 Jan 2009 02:06 AM CST Reuters - Royal Bank of Scotland said it made a loss of over 20 billion pounds ($30 billion) last year, the biggest loss in British corporate history, including a huge goodwill hit on its purchase of parts of ABN AMRO in 2007.

O'Sullivan captures fourth British Masters snooker title (AFP) Posted: 18 Jan 2009 11:13 PM CST AFP - World number one Ronnie O'Sullivan rekindled his love affair with snooker, just a week after claiming the sport was dying, by capturing a fourth Masters title.

Britain to launch second bank rescue plan to boost lending (Reuters) Posted: 18 Jan 2009 07:42 PM CST Reuters - Britain will throw its banks another multi-billion pound lifeline on Monday by allowing them to insure against steep losses and guaranteeing their debt to stop the credit crunch pushing the economy into a deep slump.

UK: banks to get more cash if they pass it on (AP) Posted: 18 Jan 2009 06:01 PM CST AP - Britain is bailing out its banks. Again.

Former British resident may soon leave Guantanamo (AP) Posted: 18 Jan 2009 05:03 PM CST AP - A former British resident imprisoned at Guantanamo Bay since 2002 claims he is about to be released, the man's attorney said Sunday.

UK television presenter Tony Hart dies aged 83 (AP) Posted: 18 Jan 2009 12:28 PM CST AP - British television presenter Tony Hart, who charmed generations of children with his artsy antics, died early Sunday morning, his agent said. He was 83.

British love affair with French holiday homes over (AFP) Posted: 18 Jan 2009 06:38 AM CST AFP - The pound's collapse is making Britons think twice about heading across the English Channel for a break -- and their love affair with buying French holiday homes is well and truly over, experts say.

Arab peace plan 'not dead' despite Gaza war: Blair (AFP) Posted: 18 Jan 2009 05:48 AM CST AFP - Middle East Quartet envoy Tony Blair said on Sunday that an Arab initiative for peace in the region was "not dead" despite Israel's lethal 22-day war on the Gaza Strip.

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