British economy sinks as confidence crumbles in recession
The Confederation of British Industry reports a sharp fall in business confidence across 1657 manufacturers. Nine of ten firms lack orders and nearly half plan layoffs, as unemployment hits a record 3.19 million and joblessness extends beyond a year for many. Only 8 percent see improvement.
MENTIONED IN THIS ARTICLE
London
Britain
Confederation of British Industry
Mafia Boss Gregorio Marchese Shot Dead in Palermo Villa
Gunmen entered a luxury villa on the outskirts of Palermo and killed reputed Mafia boss Gregorio Marchese, 32. He is the third Marchese family member slain this year amid a gang feud, after brother Pietro’s murder in February and an uncle’s killing last month.
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Palermo
Sicily
Gregorio Marchese
Gregorio
Marchese
Pietro
Ucciardone
Hunt Still On For Hostages
Zimbabwe government accuses villagers of hiding information and placing false trails to mislead soldiers hunting in the western bush for six hostages held by armed bandits. Defence minister Sydney Sekeramai said extra troops were deployed over the weekend, joining 2,000 soldiers already seeking the two American, two British, and two Australian captives.
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Harare
Zimbabwe
Sydney Sekeramai
Defense
Kenya Returns To Normal After Coup Attempt
Kenya's capital edged toward normalcy as more residents returned to work following the failed coup. Rebels held out at Nyanyuki air base, about 120 miles north, but loyal troops surrounded them. President Daniel Arap Moi remained in control.
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Nairobs
Kenya
Nanyuki
Daniel Arap Moi
Gas price hikes in Mexico raise border consumption concerns
Pemex chief cites border fuel use as a key reason for sharp price increases. Regular gasoline jumps from 46 to 77 cents per gallon while premium rises to 1.15 dollars. diesel to 31 cents. Border sales average over 35,000 barrels daily, likely fueling cross-border traffic despite higher prices.
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Mexico City
Mexico
Pemex
United States
Ministry of Commerce
Julio Rodolfo Moctezuma Cid
U.S
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