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UK bank gets emergency support
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Friday, September 14, 2007 British bank Northern Rock received emergency loans from the Bank of England yesterday, as it felt the effects of the financial crisis originating in the U.S. subprime mortgage market. Queues formed outside branches as many customers sought to withdraw their savings, and shares fell heavily. Northern Rock, based in Newcastle, is […]

UK bank gets emergency support

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1 million people welcome 2007 in Sydney
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Monday, January 1, 2007 A crowd of approximately 1 million has welcomed the new year in Sydney overnight. Many of the crowd had camped out since 6 AM AEDT (7PM UTC) to ensure they had the best vantage point for the fireworks displays at 9 PM and 12 AM. Earlier predictions of rain failed to […]

1 million people welcome 2007 in Sydney

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