Top Stories:
Telegraph – Alistair Darling has pulled out of the World Economic Forum, within hours of being warned that the UK faces a worse recession than any other major country in the world. The Chancellor of the Exchequer cancelled his trip to the summit of politicians and executives at the last minute, despite the meeting being attended by a pantheon of leaders from around the world, including Russia and China. He is understood to have called off the trip, planned for tonight, after it transpired that a number of the people he had planned to meet also cancelled. However, the move will spark speculation that the Chancellor is battling a further bout of instability in the financial markets and the economy. The foreign minister, David Miliband has also pulled out of the forum, which has been cast as the most gloomy in recent memory in the face of the global financial crisis.
Independent – The United Nations launched an emergency appeal today for $613 million to help Palestinians recover from Israel’s three weeks of military operations in Gaza. Donations will enable the UN and other aid organisations to jump into action, meeting critical needs for food, clean water, shelter, medicine and restoration of basic services, UN Secretary-General Ban Ki-moon said. “Help is indeed needed urgently,” he told reporters at the World Economic Forum in Switzerland.
BBC – All UK homes should have access to broadband and faster download speeds by 2012, the government has said. An interim report on the UK’s digital future also looked at plans for public service broadcasting. Prime Minister Gordon Brown said digital technology was as important today as “roads, bridges and trains were in the 20th Century”. But the Conservatives said the report promised “no new action”. The Lib Dems said it was a “complete damp squib”.
Times – Almost 200 passengers and crew spent the night stranded on a ferry in a Scottish port today after a lorry broke free and burst through the ship’s rear door. The Stena Line service from Stranraer to Belfast was forced to sail back to the port with the lorry hanging out of the back. Passengers said they became concerned after hearing a loud bang at the rear of the vessel, the Stena Voyager. The coastguard was alerted at around 9.20pm. Once back in Stranraer, in Dumfries and Galloway, the 156 passengers and 33 crew were not able to disembark because the ferry could not berth as the lorry was blocking the way. A 400-tonne crane was travelling from the north of England today to remove the lorry and allow the ferry to dock, and was expected to arrive late morning.
Business:
Scotsman – Royal Dutch Shell today said profits more than halved in the final three months of last year. The impact of falling oil prices led to a haul of 4.78 billion US dollars (£3.35bn) for the final quarter of 2008, against 10.9 billion US dollars (£7.7bn) in the third quarter and off 28% on the same period a year earlier. Shell still reported profits of 31.37 billion US dollars (£22bn) for 2008, up 14% after oil prices peaked at 147 US dollars a barrel in the summer.
ITN – Sandwich chain Subway has unveiled plans to open 600 new stores in the UK and Ireland, creating more than 7,000 jobs. The US company said it would invest more than £60 million in opening the new franchises by the end of 2010. The chain already has more than 1,400 UK and Irish stores, employing more than 16,000 people. The jobs will be a mix of full and part-time positions.
Also In The News:
Guardian – A statue of a giant shoe has been unveiled in Saddam Hussein’s hometown in honour of the Iraqi journalist who threw his footwear at the former US president George Bush. The statue also features a poem honouring Muntazer al-Zaidi, the Iraqi journalist who shot to international fame last month when he hurled his shoes at Bush during a farewell press conference. The shoes narrowly missed the then president and Zaidi was quickly bundled to the ground by security staff.
Mail – The world’s fastest electric car that can reach speeds of 208mph has been unveiled. The eco-vehicle created by Shelby Supercars can accelerate to 60mph in just 2.5 seconds. It is powered by a twin motor system, which produces a staggering 1,000 horse power and 800lb-ft of torque. In contrast the current electric sports car flagbearer, the Tesla Roadster which was recently tested by Jeremy Clarkson on Top Gear, produces 250 horse power. Makers Shelby Supercars, who also manufacture the world’s fastest production car, say the Ultimate Aero EV is powered by a ‘revolutionary All-Electric ScalableB Powertrain’.
Sky – A stuntman who doubles for Harry Potter star Daniel Radcliffe has reportedly suffered a serious injury during filming. The 25-year-old is understood to have been hurt during a planned explosion. The accident happened on Wednesday morning on set at Leavesden Studios, near Watford, Hertfordshire. The man was performing an aerial sequence when he fell to the ground following a blast which was part of the stunt.
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