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Northern Ireland's Finance Minister yesterday inspected the progress made on Belfast's multi-million pound sewers project first hand. Sammy Wilson dropped 40-metres below ground to tour the network, which is undergoing massive upgrade works. The Minister was lowered in a safety cage, to gain access to the site’s stormwater tunnel and later praised the work of the sewer project team. "There will be real benefits to the city’s residents with this project. It will provide visitors and businesses with a healthier environment, reduce the risk of flooding and enhance the water quality in the River Lagan," he said. "The habitat for wildlife and the conditions for recreation will be improved and traffic disruptions that result from emergency road repairs will be reduced." Minister Wilson said the Executive was committedto delivering... [read full story]
NEW YORK, Nov 27 (Reuters) - An index of credit default swaps on seven leading industrialized nations climbed to its highest level since mid-July on Friday, reflecting rising risk levels as the Dubai credit crisis unfolds....
U.S. banks less exposed to Dubai than European rivals Derivative-based hedging, loan syndication clouds ultimate exposures , MarketWatch SAN FRANCISCO (MarketWatch) -- U.S. banks are probably less exposed than European rivals...
By Paul Virgo VITERBO, Italy, Nov 28 (IPS) - ‘Angry’ is not the adjective that comes to mind when you first meet Nelly Damaris Chepkoskei. Food production is down by three-quarters," she told IPS at the ‘Greenaccord’ conference...
NEW YORK (Reuters) - Fears of a possible Dubai debt default rippled through markets for a second day on Friday, but the exodus from stocks and rush to the safe-haven U.S. dollar slowed as investors discounted contagion.
