- The British Broadcasting Corp. (BBC) said it will eliminate 2,000 jobs and drastically revamp programming in an effort to reduce costs by 20 percent over the next five years. The company plans to cut its budget by £670 million ($1 billion) per year.
London Riots: David Cameron Says Law Abiding Citizens Will be Protected, Compensated for Damages [PHOTOS]David Cameron, prime minister of Britain, on Thursday said the law abiding citizens of London will be protected and that those who have had their livelihood and property destroyed in the riots will be compensated for the damages.
- Since Aug. 6, 2011, Tottenham and certain other parts in London have witnessed widespread rioting, burglary and public disturbances following the fatal shooting of 29-year old Mark Duggan by Metropolitan police officers.
- London Riot Photos Show Terrifying Scene as Violence Continues
- The positive close overnight on Wall Street and optimism ahead of the release of some key economic reports lifted stock prices up sharply in the Australian market on Tuesday. Stocks cutting across sectors are moving higher with those from energy, materials and banking space leading the charge.