Business Diary: The IEA really proves its worth
Tuesday 25 May 2010
Some truly stunning insights from the International Energy Agency yesterday. Fatih Birol, its chief economist, reckons that if we see further deterioration in the global economy the oil price could fall below $70 a barrel (about where it sits now). And if the economy recovers? "If we come back to a situation where the global economic recovery continues, oil prices will rise." It's bold predictions like this that makes the analysis provided by organisations like the IEA absolutely essential to the smooth functioning of the world economy.
Coalition can thank Branson
The coalition will be pleased. Amid all the controversy about yesterday's public spending cuts and the debate over the "tough choices" that will be required when George Osborne unveils his emergency budget, up pops Sir Richard Branson with a message of congratulation to the new Government. Bit late, you might think, given the coalition was formed a couple of weeks ago, but Virgin's first flight between London and Accra, Ghana, just couldn't be brought forward, now could it.
YouGov cheers us all up again
Here's pollster YouGov with some cheerful research suggesting that the cost of dying has, even in these economically strained times, risen sharply. According to something called the National Association of Funeral Directors, the average price of a standard grave has risen 42 per cent in the past three years, with an average rise of 48 per cent and 67 per cent for cremation and the interring of cremated remains respectively. Their suggestion in the wake of this data? Buy an insurance policy. Talk about grave robbery.
Please, no more Tim Larkin
Only in the US could they come up with the sort of lumpen macho madness sold by Tim Larkin. The founder of "Target Focus Training" and the "Ultimate Violence" organisation is apparently gaining quite a following among City workers fearful of the public reaction to their excesses. He's over here in September. Can't we keep these people out?
- 1 Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC
- 2 Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 A third of employers never check job applicants' qualifications, survey finds
- 5 James Foley beheading: Fox news presenter Megyn Kelly annoyed by Ferguson update during broadcast about murdered journalist
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Bin bag full of cats' heads discovered near Manchester's Curry Mile
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
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