TopNews

The UK investors were anticipating that the European banks are going to pass the stress tests to be conducted by the EU.

For this reason only, the stock markets, euro and the oil prices have seen a hike for the fourth consecutive day. This positive anticipation has also helped the euro to reach at a point equivalent to 1.27 dollars.

The price of US light crude oil has risen to 75 dollars per barrel giving some hopes to the US and European countries to avoid the downturn. The London Brent crude oil has also grown up to 75 dollars per barrel.

The Bank of England has informed that the interest rates in UK have touched to its record low of 0.5%. This has been recorded in the 16th month in a row by the bank.

The Monetary Policy Committee (MPC) has also declared that it is not going to release any money in to the economy further under the scheme of quantitative easing (QE) policy.

The decision was expected but the pressure has been increasing to raise the rates to tackle with the inflation.

Owing to the increasing demand for luxury cars, the German luxury carmaker Audi has targeted to expand its market share in India to 25 per cent by the end of 2010 as compared to the current 20 per cent.

Audi is the fastest progressing brand in its product in the Indian market and has an astounding 71 per cent growth to boast of. The company is also at rank three in the premium car market.

After winning the accolade for the best hotel across the globe from Travel and Leisure magazine, Oberoi Hotels and Resorts is now trailing full speed with its hands on the plans for doubling the group's room capacity by approx 6,000 in the coming next five years.

According to Mr. P.R.S. Oberoi, the Chairman, EIH Ltd, at a press conference expressed that the Oberoi in Gurgaon shall open shortly this year or may be by early next year. This shall entail have 200 rooms capacity.

People are thinking to report the neighbors breaching the usage of hosepipe ban. As per the United Utilities they were not anticipating so many issues with the customers not staying with the agreements made on the hosepipe ban which was made in effect from 6am today.  

However the water group has thought and decided that its customers should report the issue of hosepipe if they found anyone breaching the decision taken mutually and using their hosepipe to water their patch or wash their car.

According to official reports, the French government plans to postpone $888 million worth of upgrades to its Mirage 2000D fighter-bombers as part of an effort to cut back spending.

According to a report from DefenseNews, Defense Minister Herve Morin, speaking at a hearing this week of the Parliamentary Defense Committee, also said the government plans to delay acquisition of Multi Role Tanker Transport aircraft and level-four of the SCCOA national air command-and-control system.