Credit crisis diary: Deutsche man will outpace all rivals
Friday 19 June 2009
No one can say that Deutsche Bank's new UK chief executive is not fit for the job. When not running a successful investment banking operation, Colin Grassie spends his time running triathlons. The former Scottish youth rugby international apparently has a personal best of just under 14 hours for the full ironman triathlon, which consists of a 3,800m swim, a 180km bike ride and then a marathon.
Posen forced back to the books
New Bank of England Monetary Policy Committee Adam Posen has a summer of study to look forward to. A renowned expert on Japan, Posen is currently based in the US and also has a good working knowledge of the eurozone. But, he confessed yesterday, he still "has a little learning" to do about the UK economy. Posen has until September to get clued up.
Rio gets more bad news from Beijing
Looks like the Chinese are warming to the task of sticking two fingers up at Rio Tinto, which dumped state-controlled Chinalco as a financing partner in favour of BHP Billiton a couple of weeks ago. Beijing's latest insult to Rio is a statement on the ongoing negotiations over the iron ore price, which are at a hugely delicate stage. The Chinese happily confirm they're in talks on the matter with rival miners Vale and Fortescue, but Rio seems to have been snubbed.
Travelodge winning the battle of the beds
Good to see some healthy competition in the cut-throat hotel market. Travelodge took 33,000 room bookings yesterday morning after launching discounts for the Christmas period, and the budget chain wasn't shy about rubbishing the opposition. "The Travelodge sale far outstripped its rival, Premier Inn's recent summer sale that conjured sales of just 7,900 reservations in four days," the company crowed.
Stuck in this marriage for life
Courts rarely order couples to stay together, but that looks like being the outcome of an ongoing hearing in Connecticut. Caren Forbes has been trying to divorce her husband, Walter, who is serving a 12-year prison sentence following an accounting scandal. Caren says the 27-year marriage has broken down "irretrievably" but US prosecutors are blocking the divorce, alleging it's a ploy by the couple to reduce the compensation Mr Forbes was ordered to pay victims of the fraud of which he was convicted.
- 1 Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
- 2 Maisie Williams has an excellent message for one confused fan
- 3 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 4 Tampon tax scrapped in Canada after petition convinces conservative government
- 5 Kate Moss on the naked Calvin Klein shoot and the obsession that ended her relationship
Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
Maisie Williams has an excellent message for one confused fan
Archaeologists discover 2,400-year-old gold bongs in Russia
Tampon tax scrapped in Canada after petition convinces conservative government
Migrants in Kos: Photos show real tragedy after British tourists complain of 'awkward' holidays
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
A nation of inequality: How the UK is failing to feed its most vulnerable people
Australian man punched in the face for defending Muslim women from abuse on train
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
iJobs Money & Business
£30 - 35k: Guru Careers: We are seeking a Pricing Analyst to join a leading e-...
£20000 - £25000 per annum + OTE £45K YR1: SThree: At SThree, we like to be dif...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is a mul...
£55 - 65k (DOE): Guru Careers: A unique opportunity for a permanent C# Develop...