Reuters – Britain’s two largest retail lenders are to get another 31 billion pounds from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.
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AFP – The government will force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will support them with 30 billion pounds, it was announced on Tuesday.
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AFP – The country’s oldest dinosaur, which has been buried in rock since it roamed the Triassic landscape over 200 million years ago, is to be excavated, researchers said Tuesday.
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AFP – Global banking giant HSBC is to cut more than 1,700 jobs across its retail banking division in Britain, a spokesman said on Tuesday.
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AFP – Police Tuesday released an Internet video of Madeleine McCann, who disappeared two years ago in Portugal at the age of three, with tanned skin and darker hair which she might have if held captive in a warmer climate.
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AP – Lawyers for Kate Winslet say the actress has accepted 25,000 pounds (more than $40,000) in damages after the Daily Mail falsely reported in January she lied about her exercise regime.
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AFP – David Cameron, leader of the Conservative party, widely tipped to be the next prime minister, is to drop plans for a referendum on the European Union’s key reforming Lisbon Treaty, a newspaper said Tuesday.
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AFP – London shares ended in the red on Tuesday as investors digested the news of a huge overhaul of state-controlled banks Lloyds and Royal Bank of Scotland (RBS).
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AP – HSBC Holdings PLC says it is cutting 1,700 positions from its British work force.
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AFP – A seriously ill baby whose parents are locked in a legal battle about whether to keep him on the ventilator which allows him to breathe is living “on a knife edge”, the High Court in London heard Tuesday.
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