UK Today Editoweb 14 october 2008

New terror plot investigated

Another terror plot is being investigated by the authorities, counter-terrorism minister Lord West has warned.

U.S. stocks retreat on recession fears

Oil fell and U.S. stocks retreated from strong opening gains on Tuesday as fears of recession overcame the euphoria over Washington's bold plan to invest in banks, following government plans in Europe to bolster banks and defuse a global financial crisis

Euro climbs against dollar, yen

The euro climbed further against the dollar and the yen on Tuesday, buoyed by world governments' major moves to rescue the global banking sector, dealers said.

Best Buy takes aim at Europe's electricals market

Best Buy, the world's top consumer electricals retailer, set out bold international growth plans Tuesday, led by its European venture with Britain's Carphone Warehouse, despite a tough consumer outlook.

Virgin Atlantic Airways trims fuel surcharges

British airline Virgin Atlantic said it has cut its passenger fuel surcharges following the drop in oil prices.

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