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News Round-Up. (04.07.2008)
Posted: Friday 4th Jul 2008
Starting at the BBC, investors seem to have saved Bradford & Bingley from certain doom, as UK consumer spending is in full retreat.
The Times says that rocketing oil prices will dominate the agenda at the G8 summit, while housebuilders Barratt is due to sack 1,000 employees.
Next, The Guardian reports that California has won the rights to host a major electric vehicle manufacturing plant, while the UK Credit Crunch tightens its grip.
Over at The Telegraph, economists are raising the alarm about a possible recession, while an ex-BBC journalist argues for some major reforms (and cost-cutting) at the organisation.
Meanwhile, The Independent says brewer and pub owner Greene King is getting battered by the faltering economy, while the ECB has been forced to raise interest rates to 4.25%.
And finally, The Register has news of a new tidal wave machine that’s shaped like an enormous black snake, and a house powered by its curtains…