Voices The Chancellor’s Autumn Statement should have good news on the deficit and employment – even if the national debt remains disturbingly high

The Chancellor's Autumn Statement should have good news on the deficit and employment – even if the national debt remains disturbingly high

Podium: No U-turn on the free trade road

Gordon

Outlook: G7's band aid solution won't work

WHAT DO world leaders mean when they talk about "co-ordinated action" to deal with the crisis in the international economy? Financial markets would like to think it means a synchronised cut in interest rates across the G7 countries; certainly that is what is required to put a convincing floor under Western equities right now.

Tyranny of the snappers

Forcing us to stand unnaturally near each other and then shout cheerily in unison - who could be worse than the family photographer? By Ann Treneman

AEA wins Chernobyl clean-up work

A KEY CONTRACT to clean up the Chernobyl reactor in Ukraine, which caught fire in 1986 causing the world's worst nuclear accident, has been won by a consortium including Britain's AEA Technology, writes Michael Harrison.

Bank chief rejects rate cuts

EDDIE GEORGE, the Governor of the Bank of England, yesterday dismissed calls for a cut in interest rates amid growing demands from employers and unions.

Rate hopes rise as Clinton calls for G7 crisis action

HOPES OF interest rate cuts in the world's leading economies were raised last night when President Clinton joined the G7 group of industrial nations in calling for a co-ordinated response to the global financial crisis.

Blair will stand by his man

TONY BLAIR promised Bill Clinton yesterday he was not a "fair- weather friend" and would stand by him as he struggles to survive as President.

Time is running out for the G7

The Starr Report may distract officials from their mission to repair the global economy, says Peter Koenig

Western advice won't help Russia, Mr Blair

IN THE days when President Clinton beamed from our screens as youthful leader of the free world and not a snivelling sinner pleading for divine forgiveness, I accompanied him on one of those minutely scripted walkabouts in Moscow. In a privately owned baker's shop, he asked a woman in the queue which kind of loaf he should buy.

G7 meets in white heat of Clinton crisis

Markets fear that political problems will swamp efforts to avert financial disaster

G7 meeting likely to be postponed

THE PLANNED London meeting of G7 finance ministry officials to discuss the fall-out from the Russian crisis is likely to be postponed until Monday, according to a government official. The official said a number of countries were experiencing "logistical problems" with the proposed meeting on Saturday, called to discuss recent economic developments.

Blair calls G7 talks on Russia

TONY BLAIR yesterday invited senior representatives from the Group of Seven industrial nations to London for urgent talks on Russia's mounting political and economic crisis, writes Marie Woolf.

G7 fails to calm Asian fears

FINANCIAL MARKETS are braced for another rocky ride this week after the meeting of the Group of Seven leading industrialised nations in Tokyo failed to secure any new public commitment from Japan to revive its shrinking economy or address its debt-burdened banking system. Analysts said they expected downward pressure on the yen and volatile sessions in Asian equities markets.

G7 nears a day of reckoning

THE meeting of the Group of Seven in Tokyo yesterday was to pressure Japan to get in line with the international programme to bring the Asian financial crisis under control. But, while the crisis talks may have calmed jittery financial markets in the short run, they are unlikely to to improve the prospects for the world economy in the long run.

US will continue propping up yen

THE DOLLAR has continued its fall against the yen as a Japanese official confirmed that both the US and Japan were prepared to continue intervening in the foreign exchange markets in an attempt to prop up the Japanese currency.
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