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18/10/2008 20:11

UK Today Editoweb 18 october 2008

IMF launches probe into director's affair with employee - PM: 'Money Markets Need Ethics' - 'Scandalous' To Cut Oil Supply Now.



IMF launches probe into director's affair with employee

The International Monetary Fund has opened an investigation of its director Dominique Strauss-Kahn and his intimate ties to a subordinate employee -- an affair that echoes the scandal that ousted Paul Wolfowitz from the World Bank last year.

PM: 'Money Markets Need Ethics'

Gordon Brown has said the financial crisis has exposed the "weaknesses" of unfettered capitalism and insisted markets must be underpinned by society's values.

'Scandalous' To Cut Oil Supply Now

It is "absolutely scandalous" that oil exporting nations are thinking of cutting production to drive prices back up, Gordon Brown has said.

Bush: 'We Won't Be Running Banks'

George Bush has reassured Americans that the US Government will not take a role in  the day-to-day operations of the country's banks.

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