London

"Queen's dressmaker" files for administration in times of change

"Queen's dressmaker" files for administration in times of change London - Hardy Amies, the fashion house which "dressed" Queen Elizabeth II for more than half a century, announced Friday that it had filed for administration after funding talks failed.

The firm, founded in 1946 by the late (Sir) Hardy Amies, who died in 2003, had been suffering losses for several years and warned in June that poor womenswear sales would see losses accelerate in the first half of this year and would continue into 2009.

Archaeological dig sheds new light on York’s Viking heritage

London, Oct 10: A team of archaeologists, through excavations in York, UK, has uncovered the remains of a Viking settlement, which provides a clearer picture of how far the city sprawled during the Viking era.

It has long been acknowledged that York is an archaeological gold mine, but the true scale of the city’s long history still remains buried underfoot.

According to the Yorkshire Post, a thousand years ago York ranked among the 10 biggest settlements in Western Europe, but archaeologists have now found the remains of a Viking settlement at the Hungate dig close to banks of the River Foss.

British officials travel to Iceland to discuss banking crisis

London - Officials of the British Treasury are travelling to Iceland Friday to discuss a solution to the growing crisis of British deposits and investments locked up in nationalized Icelandic banks, the British government said.

The Icelandic move to take the country's main banks into public ownership has meant that British private savings and investments are blocked in accounts of Icelandic bank subsidiaries in Britain.

It has sparked sharp exchanges between British Prime Minister Gordon Brown and his Icelandic counterpart, Geir Haarde.

On Thursday it emerged that 850 million pounds (1.4 billion dollars) of public sector investments by local councils, including the police and transport bodies, could be affected.

New data loss reported at Britain's Ministry of Defence

London - A computer hard drive containing private details of up to half of Britain's armed forces personnel has disappeared in the latest of a series of "lost data" scandals, the Ministry of Defenc

London markets in dramatic plunge

London Stock ExchangeLondon - Shares on the London stock market plunged shar

Gordon Brown urges world to follow of example of bank rescue

British Prime Minister Gordon BrownLondon - British Prime Minister Gordon Brown has called on governments around the world to follow the example of Britain in taking "ground-breaking" decisions to stabilize the banking system.

Writing in the Times newspaper Friday, Brown said governments should put money into struggling banks and offer similar guarantees worth hundreds of billions to persuade the banks to start lending to each other again.

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