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US issues Bahrain attack warning

The US government has issued a warning of a possible terrorist attack against western targets in the gulf state of Bahrain after receiving specific intelligence. Bahrain is one of the most pro-West countries in the Middle East and is home to the US naval headquarters for the region. Earlier this week the government in Bahrain… Read more »

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Politics.co.uk
Parmalat seeks bankruptcy protection

Italian food giant Parmalat is to seek bankruptcy protection from its creditors, after the firm was found to have a massive multibillion pound hole in its balance sheet. The firm will seek protection under the so-called Prodi law, akin to the US’ chapter 11 law. The scandal erupted after Parmalat revealed, contrary to a statement… Read more »