No image available
/ 10 October 2006

New Airbus chief warns of ‘painful’ job losses

Louis Gallois, the newly appointed head of planemaker Airbus, warned on Tuesday that there would likely be ”painful” job losses at Airbus in the wake of delays to the A380 superjumbo and a profit warning at the company. Gallois was named late on Monday as the new head of Airbus after Christian Streiff resigned following a spell of just three months at the job.

No image available
/ 10 October 2006

Japan considering more North Korean sanctions

Japan is considering imposing more sanctions on North Korea in response to its announcement that it conducted a nuclear test, and lawmakers are set to vote later on Tuesday on a resolution criticising Pyongyang’s actions. North Korea said on Monday it had successfully carried out its first nuclear test earlier that day, and Washington has sought harsh United Nations sanctions.

No image available
/ 10 October 2006

Texas teacher sacked in row over gallery nudes

Claims by a Texas schoolteacher that she was sacked after allowing her pupils to see a nude art work during a museum field trip have led to a frenzy of hand-wringing across the United States. A parent complained that his child had been exposed to ”an abstract nude” — a Greek funerary relief from 4BC depicting a marble torso.

No image available
/ 10 October 2006

Google nets YouTube in $1,65bn takeover

The founders of the video website YouTube on Monday night accepted a ,65-billion takeover offer from Google for their 20-month-old venture, which has a big online following but has yet to make money. Chad Hurley (29) and Steve Chen (27) said they were attracted by the prospect of adding Google’s cutting-edge search technology to enable users to pinpoint clips more accurately.

No image available
/ 10 October 2006

Daily News battles to resume publication

Publishers of a popular Zimbabwean daily shut down by state authorities three years ago, on Monday asked a court to grant them the right to publish until the long-running dispute was resolved. A state-run media commission has twice refused to grant the Daily News a licence despite a Supreme Court ruling in March last year that threw out the ban on the newspaper.

No image available
/ 10 October 2006

Muslims angry at new Danish cartoons scandal

The world’s largest international Muslim body complained of shrinking tolerance in the West on Monday as a new row erupted over Danish cartoons mocking the prophet Muhammad. Danish state television aired amateur video footage showing members of the anti-immigrant Danish Peoples’ party taking part in a contest to draw images ridiculing the prophet.

No image available
/ 10 October 2006

My 18c tax bill

The annual taxation cycle is one of my pet hates. I know that the deadline is drawing nearer, but I tend to put off sending in my forms until the last minute, when it becomes a dash for the nearest post office. Then you wait to find out if you owe money or you have paid too much over the past year.

No image available
/ 10 October 2006

Budget for freedom

<i>M&G Money</i> takes a look at how to put together a financial plan, with the help of Sanlam Financial Advisers and Tumi, a character who represents the financial reality as well as hopes and dreams of many of our readers.