Tata Group owned and Europe's second largest steel manufacturer, Corus may start retrenchment drive in the days to come, clearly, to cut costs and ensure adequate growth amid recessionary waves prevailing across the world.

The workers, whose future is hanging in dark, following the reports of large scale lay offs by company, are seeking appointment with authority concerned to resolve all matters related to wages and production cut.

Rate follows GBP higher but still lower on the day despite new highs in New York at 1.3004 at writing; drop is less volatile and the rate holds tech support at 1.2850/60 area. Rally all day today suggests a short-squeeze is in the works.

Stops baked on the dip under 1.2880 again overnight; stops increasingly likely around 1.3030 area and layered above. Bulls are attempting to find a bottom. Bottom may be forming around the 1.2850 area as it has bounced three-times from there. 50 bar MA failed now likely to offer resistance and a close above suggests the bottom will be in.

It has been proved by a novel study that a Nintendo that carries a price tag of £100 is no better than a 10 paise pencil at stimulating the memory. After the latest study, the claim by Nintendo that the DS Lite boosts the brain has been disapproved.

It seemed that Tomas Berdych would derail Roger Federer's run at a record 14th Grand Slam title for two sets at the Australian Open.

However, just then, a meltdown was experienced by the 6-foot-5 (1.96-meter) Czech, thus giving a chance to Federer to recover for a 4-6, 6-7 (4-7), 6-4, 6-4, 6-2 win Sunday. This marked only his fourth career comeback from two sets down - to reach the quarter finals.

Until Novak Djokovic took a 5-0 lead, he was not pushed, who then had to work all the way for a 6-1, 7-6 (7-1), 6-7 (5-7), 6-2 victory over 2006 runner-up Marcos Baghdatis of Cyprus.

A detailed report has been demanded by Pakistan cricket authorities from Captain Shoaib Malik and Coach Intikhab Alam regarding their team's loss against Sri Lanka in the recent one-day series.

The biggest one day defeat was faced by Pakistan as the team was beaten by Sri Lanka by 234 runs in the third day-night international at Lahore on Saturday. Sri Lanka had a 2-1 win in the three-match series.

The first match was however won by Pakistan by eight wickets in Karachi before losing the second by 129 runs, also in Karachi.