Saturday 12 July 2014

Egypt drags its feet in privatisation tussle

A thorny legal issue facing Egypt's government was laid bare last month when Prime Minister Hisham Kandil was given a suspended jail sentence for failing to implement a court ruling to renationalise a textile


Britain nationalises Northern Rock bank

Britain has nationalised Northern Rock abandoning a five-month attempt to snare a private sector buyer for the ailing bank and piling more pressure on Prime Minister Gordon Brown. Once Britain's fifth-largest mortgage lender, it has borrow

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