Politics and Economies

Global banks are in global crisis and Credit Suisse says that it is to cut 650 jobs, mainly in its flagship investment banking division.

Barclays' Bank announced 3,000 job losses in October - but it is now thought to be preparing for more.

Around 25,000 jobs at Woolworths retail arm and 5,000 at the entertainment division are under threat as the 800-store retail giant collapses as the UK economy founders.

MFI, which suffers badly in every UK housing slump, has called in the administrators, putting 1,200 jobs at risk.

Spain, Belgium and Sweden will be the primary places that the pharmaceuticals giant will cut most of the 1400 jobs it has announced it will remove - but over a period of up to 2013.

200 jobs are to go at defence contractor BAe. It says the British government is spending less on armoured vehicles.

Britain's Left, led by Gordon Brown who, with Tony Blair has presided over a stealthy but steady move towards both socialism and republicanism in the UK over the past eleven years will today, via Brown's proxy at the Treasury, announce the biggest step left yet, as they nationalise large parts of a strategic industry.