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News Round-Up. (23.05.2008)
Posted: Thursday 22nd May 2008
Starting off at the BBC, oil prices are in retreat but still way over the $100 a barrel barrier, as French power firm Suez drops out of talks to build a nuclear reactor in the UK.
Next, The Times is saying that the CAA is calling or BAA to be broken up before it does any more damage, while the economy’s growth slowed to its lowest pace in three years.
The Guardian, meanwhile, notes that cheap flights may be doomed as fuel prices rocket and the third world faces civil unrest if inflation keeps up its pace.
And The Telegraph is reporting that pub owner Marston’s is refusing to jump on the sell-off-your-property bandwagon that other pub firms are indulging in (a wise move in the long term?), as Merrill Lynch sets about purging itself of sub-prime assets.
Over at The Independent, lender Nationwide is predicting hard times ahead, while estate agents are already facing recession.
And finally, The Register reports that the government has shortlisted the companies bidding for the ID Card/NIR soon-to-be disaster, while the National Grid has confessed to its computer system going down…