IBT Staff Reporter

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Minister sees no early cut in tax burden

Britons can expect no cut in the overall tax burden for an extended period as the coalition government takes tough steps to narrow a gaping budget deficit, a Treasury minister was quoted as saying on Sunday.

England coach regrets way he handled Beckham decision

England coach Fabio Capello said he regretted the way he announced the end of David Beckham's international career but added he still had a good relationship with the former captain who would make a top manager one day.

Rooney ends United goal famine as Chelsea stay top

Wayne Rooney ended his five-month goal famine for Manchester United while Chelsea maintained their perfect start to the Premier League season despite their incredible scoring spree being partially stemmed by Stoke City.

Arianna Huffington: A look at the winner in new online acquisition spree

Huffington launched the news site more as a commentary outlet and an alternative to other conservative news sites by inviting Arthur Schlesinger Jr. to blog, who would fax his blogs. That's not blogging, Arthur used to criticise her. Now with the takeover by AoL, Arianna will become a boss of the entire editorial content of AoL channels.

EU prods China for faster yuan rise - G20 draft

The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday.

Chelsea maintain perfect start, Arsenal win

Chelsea's goal-rush was staunched by Stoke City but the Premier League champions maintained their perfect start to the season with a 2-0 home victory on Saturday despite a missed penalty by Frank Lampard.

China seeks fresh nuclear talks with North Korea

China is lobbying neighbours to sign up to a road map for renewed nuclear disarmament talks with North Korea, whose leader Kim Jong-il is visiting China amid conciliatory words and threats of holy war.

EU prods China for faster yuan rise: G20 draft

The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday.

China tells Japan wage demands understandable

China says it is understandable for its workers to demand higher wages after foregoing pay increases during the worst of the economic crisis, a Japanese official said after talks with Chinese counterparts.

Trott and Broad set world record at Lord's

England number three Jonathan Trott finally succumbed for 184 on Saturday after he and Stuart Broad had broken the world eighth wicket partnership record on the third day of the fourth test against Pakistan at Lord's.

Fiscal alchemy must mimic monetary science

Tax and budget policies need the same regularity and independence as monetary policy if countries around the world are to cope with looming stresses from pension programs, world central bankers were told at a Federal Reserve conference on Saturday.

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