Credit Crunch Cancelled!

June 17th, 2009 LONDON - Ealing Council is proposing to give a one-off 'Value For Money Premium' cash handout to every home in the borough as part of a GBP6 million-plus package to fight the recession. Under plans, more than 122,000 council tax households in the borough will be given GBP50 cash back, costing the council more than GBP 6.1 million.

May 10th, 2009 LEEDS, England - Whilst the country is gripped in a credit crunch and shoppers are increasingly unwilling to spend money on luxury items, spending on VoucherSeeker has further increased! Online voucher code site VoucherSeeker (www.voucherseeker.co.uk) was launched in December, in the middle of the credit crunch and Christmas spending worries. But despite the shaky shopping trends, VoucherSeeker has boomed.

April 26th, 2009 LEEDS, England - Whilst the credit crunch is hitting some retail outlets hard, www.voucherseeker.co.uk is busier than ever! Launched in December 2008, their feet have barely touched the ground with a dramatic growth in users, despite the economic slump. Boasting voucher codes for high street shops such as Thomas Cook and Tesco, not to mention designer brands, VoucherSeeker have an impressive array of codes from a variety of stores to choose from.

April 7th, 2009 LONDON - Unite, Britain's biggest union, has today issued a stark warning that it will not tolerate employers who attempt to use a credit crunch as an excuse to attack workers' pensions. The warning follows Aon's announcement that it intends to cut its contributions to workers' pensions by up to half.

April 5th, 2009 LONDON - Surviving The Credit Crunch has been awarded a four star rating from the country's leading internet user magazine Webuser. "We are absolutely delighted at Webuser's feedback and comments," said founder of www.SurvivingTheCreditCrunch.org.uk Richard Fenton.

March 30th, 2009 LONDON - Parents looking to send their children to private schools should not simply assume that the costs will be unaffordable but they should rather thoroughly research the costs and implications of independent education, according to Jane White, the co-founder of a new website ( www.allaboutschoolfees.com) which helps parents do just that. www.allaboutschoolfees.com is a one-stop source of information for anyone who has committed to, or is considering, private education for their children or grandchildren.

March 25th, 2009 LONDON - The credit crunch continues to take a heavy toll on Britons' daily lives - and even their ability to concentrate on the job. At the end of January 2009, the Bank of England estimated total UK personal debt at GBP1,457 billion, GBP53 billion of which is personal credit card debt.

March 24th, 2009 LONDON - Free Two Week Diet Plan With Food Costing Around GBP2 per day New research from tescodiets.com reveals that nearly 50% of consumers think joining a slimming club means they will have to spend more on their weekly shop, whilst over a third think they would also have to buy foods they wouldn't normally purchase. Despite this, the survey reveals that nearly 60% would still consider joining a slimming club to lose weight, so tescodiets.com has launched a free credit crunch diet plan for people looking for a no frills weight loss plan on which they could lose up to 6lbs in two weeks.

March 22nd, 2009 LONDON - With the Credit Crunch biting ever deeper into our pockets, Surviving the Credit Crunch takes a look at how much we spend each year on those everyday Purchases. We think you may be surprised at the results.

March 19th, 2009 SHENZHEN, China - Credit Facility Allows ZTE to Expand Global Reach and Introduce New Technologies ZTE Corporation ("ZTE") (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, today announced that it has entered into a strategic partnership with China Development Bank by signing a "Development of Financial Cooperation Agreement". This partnership further strengthens the solid relationship the two organizations have previously developed.

January 20th, 2009 LONDON - Two of Britain's biggest customer-owned banks are to merge to create a new business in a streamlining effort resulting from the credit crunch, it was announced Wednesday. Co-operative Financial Services (CFS) and Britannia building society said they agreed a deal that would create a business with assets of 70 billion pounds ($97 billion), nine million customers and more than 12,000 employees at 300 branches.

April 24th, 2009 LONDON - Even Elton John could not fight the ill effects of recession. He has lost a quarter of his hard earned wealth in the last year.

March 29th, 2009 LONDON - Music mogul Simon Cowell has in an exclusive interview revealed how 20 years ago he lost his home, cash and Porsche due to over-borrowing, and how he managed to regain his lost fortune. Cowell, 49, who now has a 100million pounds fortune, dished out advice on how to cope with the credit crunch.

May 19th, 2009 KEMEROVO - Officials here seized three five-month-old calves from the owner who had failed to repay his mounting debts. Many Russians who took credit during the economic boom in the country are struggling to repay their loans amid rising unemployment, as the financial crisis continues.

March 12th, 2009 LONDON - Celebrities like David and Victoria Beckham, Michael Jackson and Brad Pitt are being left 80,000 pounds poorer every week, thanks to the ongoing recession which was crashing into their posh Dubai villas. The Gulf state had previously attracted many investors who had shelled out up to 3.2 million pounds on pads in Palm and World Islands developments, a string of imitated peninsulas in the Persian Gulf.

June 1st, 2009 Moody's cuts Discover Financial debt ratingNEW YORK — Moody's Investors Service on Monday cut its senior unsecured debt rating for Discover Financial Services into non-investment grade territory, citing risks the credit card company faces from the prolonged credit crunch and recession. The New York-based ratings agency also assigned a negative outlook to Discover Financial, signaling further downgrades are possible if business conditions worsen.

May 9th, 2009 AHMEDABAD - A court sent Ashish Ravindranathan, an Indian Institute of Technology (IIT) student, to a 14-day police remand here Saturday after he was nabbed for allegedly duping 50 credit card holders. Ashish, a second semester student at IIT-Bombay's extension centre in Gandhinagar, was arrested by the city crime branch officials Friday night for allegedly duping credit card holders of Rs.650,000.

January 18th, 2009 NEW DELHI - At least 30 flights were cancelled and six delayed as dense fog engulfed Delhi Monday, an official said. An Air India flight from Muscat was diverted to Jaipur early morning as visibility at the runway here dropped to less than 100 metres, an official at Delhi's Indira Gandhi International Airport (IGIA) said.

January 26th, 2009 NEW DELHI - For the second time in the history of India, the annual Beating Retreat ceremony, the grand finale to the Republic Day celebrations, was called-off Tuesday following the demise of former president R. Venkataraman, officials said.

January 22nd, 2009 LONDON - The British government should relax visa regulations for highly skilled workers from India and other countries outside Europe, who face joblessness or cuts in salaries because of the credit crunch, a lobby group said Friday. The Highly Skilled Migrants Programme (HSMP) Forum said in a statement that visa extension rules that require evidence of high salaries or incomes from doctors, engineers and other professionals were unrealistic in the current economic climate.