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Libya: Sarkozy and Cameron visit Tripoli – live updates

• Cameron and Sarkozy visit Tripoli for talks with NTC • Britain’s Syria ambassador attends vigil for killed activist • Last ditch talks over Palestinian statehood bid 10.52am: Cameron and Sarkozy have arrived at the Corinthia hotel in Tripoli. Live footage from the hotel also showed Libya’s interim prime minister Mahmoud Jibril. Cameron and Sarkozy, are due to hold talks with Jibril and Mustafa Abdul Jalil the chairman of the National Transitional Council. 10.47am: In Egypt students at the American University in Cairo – the breeding ground for the country’s future leaders – have joined the protest movement in strikes and sit-ins , writes Jack Shenker. 10.42am: Cameron is due to outline plans to send a military experts to Libya , according to the BBC. It has these bullet points on what Cameron is due to announce in a speech during his visit. • deploy a UK military team to advise the NTC on security • return Libyan assets totalling £500m ($790m) to the interim authorities as soon as possible • make 50 places available in UK specialist hospitals for critically ill Libyans • provide £600,000 for de-mining efforts in Libya and £60,000 to pay for a police communications system 10.30am: Sarkozy fever has hit Benghazi according to Mary Fitzgerald of the Irish Times : Sarkozy fever here in eastern Libya. Talk of streets, schools, cafes, stadiums + even children being named after him No talk yet of babies being named after Cameron. Nevertheless the PM said he was “delighted” to be in Tripoli, according to the BBC. 10.28am: Around 160 French riot police were sent to Libya ahead of Sarkozy’s arrival to secure his visit, writes Angelique Chrisafis in Paris. They will not be uniformed and were reportedly instructed to wear jeans and trainers. For the Elysée, timing and image is everything. Nicolas Sarkozy wanted to get to Libya as soon as possible to cement his media image as “Sarkozy the Libyan” after what has been dubbed “Sarkozy’s war”. It will help his personal rebranding exercise as a more presidential, global statesman before a difficult bid for re-election next year. He was keen to arrive before Turkey’s Erdogan, who he has a complicated relationship with. The visit will also neatly overshadow the Socialists’ live TV debate tonight, their first face-off in the primary race to chose a candidate to against Sarkozy in the 2012 presidential election. Timing is also important for the foreign minister, Alain Juppé, who was supposed to be giving evidence to the Jacques Chirac corruption trial. T he French philosopher Bernard-Henri Lévy, who had promoted himself as a kind of replacement foreign minister at the start of the Libya campaign saying he influenced Sarkozy’s stance, was said to have travelled separately. It will be interesting to see how he interacts with Juppé. Things could be frosty. 10.24am: Any satisfaction that David Cameron and Nicolas Sarkozy will draw from today’s visit may be tempered with anxiety about when exactly this war will finish, writes Chris Stephen in Misrata. It is nearly four weeks since rebel forces entered Tripoli, yet pro-Gaddafi forces are still holding out in the coastal stronghold of Sirte and in the towns of Bani Walid and Sabha. On 27 September, Nato’s mandate, already extended by three months in June, is due to run out. A further three months’ extension can be agreed by the alliance, but Cameron is likely to want to bring down the curtain on what has proved a controversial mission without wanting to seek a further extension. That may be one reason why Nato jets continue to pound Sirte each day: no city, apart from Tripoli, has endured such punishment from Nato strike planes in this war. Since 24 August, when attention was switched from the Libyan capital, Nato has destroyed 296 military targets in and around Sirte; Yesterday’s strikes included a command post, a multiple-barrelled rocket launcher and four radar sites. The problem for Nato, and for rebel forces outside the city, is that Sirte, built near the site of the ancient Phoenician city of Macomedes-Euphranta, is Gaddafi’s birthplace, home of the Gaddafi tribe, and has a lot of kit; much of it around the sprawling Ghardabiya air base just south of the city. On 20 March, the second day of the air war, and seven days before Nato agreed on taking command of the operation, 42 hardened aircraft shelters were destroyed by American B2 stealth bombers. A Sirte rebel who escaped the town on Monday to join opposition forces ringing the city said that any attacking force must cope also with the hostility of the Gaddafi tribe, and its tribal militia who patrol the streets of the town. Adding to the problems rebel forces face is that the city centre is home to merchants originally from Misrata, who are now penned in, effectively as human shields, by Gaddafi militias who have cut power and food supplies going in. 10.13am: “In my three weeks here, people have often come up to me unprompted and said: ‘Thank you, Cameron, thank you, Sarkozy, thank you, Obama,” David Smith reports from Tripoli . In a telephone call on crackly line David said: There is still a lot of goodwill towards the Nato allies. In Tripoli there will be an extremely warm reception [for David Cameron and Nicolas Sarkozy]. [But] a guarding against any sense of “mission accomplished”. Of course fighting goes on in some Gaddafi strongholds. [But] This will be something of a victory lap. The arrival of these senior figures will be seen as yet another step towards normality. The two leaders are expected to give a press conference and visit a field hospital in Tripoli before travelling to Benghazi, David said. There is a security lockdown at the Tripoli Corinthia hotel where a press conference is expected, he said. There are no chances being taken with security, there are airport style metal detectors, the hotel is in lockdown, many surrounding rounds have been closed. They are clearly conscious of the security risk … It is an important measure of the apparent return to normality in Tripoli that this visit is happening at all. When you drive through Tripoli there are fewer and fewer military checkpoints every day. There is more and more traffic and more and more shops open. You can walk very late at night and feel safer than you would in many parts of London or New York. There hasn’t been any sign of an insurgency. 9.37am: The French finance minister denied that the visit of Sarkozy and Cameron was about picking up the economic spoils of war. AP has this: Francois Baroin, speaking on France-Info radio, said the visit “is a strong gesture, it is a historic moment to go today to Libya.” Asked whether there were economic arguments for the visit, Baroin says, “we are not at that stage.” He says France’s focus is not yet on reconstruction contracts but on supporting the interim leadership and pursuing “the last pro-Gaddafi pockets.” 9.27am: We can stop being coy about the visit of Cameron and Sarkozy to Tripoli. Downing Street has confirmed that the plane has landed. Cameron is being accompanied by foreign secretary William Hague. Our political editor Patrick Wintour has this report on the visit : David Cameron landed in liberated Tripoli this morning to undertake a high-risk visit to the Libyan capital along with the French president, Nicolas Sarkozy, the other main western champion of the five-month Nato bombing campaign that eventually ousted Colonel Gaddafi from power. William Hague, the foreign secretary, is also on the visit, along with the french intellectual Bernard-Henry Lévy, who persuaded Sarkozy that a victory for the Libyan rebels was essential if the momentum of the Arab Spring was to be retained. Cameron is bringing with him an aid package and will hold talks with the leaders of the National Transitional Council (NTC) on the progress they are making on stabilisation, driving out the remaining pockets of Gaddafi-supporting resistance in the south of the country and preparing for a democratic future. It will be the first visit to Libya by western leaders since the collapse of Gaddafi’s regime, and is likely to spark big scenes of celebration for the two men who championed the Libyan revolution, at some political and diplomatic risk. It is also expected that Cameron wll fly to Benghazi, the cradle of the resistance and still the base for the NTC. The trip has been under discussion for over a fortnight, but the two leaders have been advised that the security situation is safe enough for them to travel to a city that only three weeks ago appeared to be under the iron grip of Gaddafi. 9.15am: Until now US assistant secretary of state Jeffrey Feltman has been the highest ranking western official to visit Libya. After his trip on Wednesday Feltman confirmed that US was monitoring the influence of Islamic groups in Libya. Speaking to the New York Times he said: I think it’s something that everybody is watching. First of all the Libyan people themselves are talking about this. Based on our discussions with Libyans so far, we aren’t concerned that one group is going to be able to dominate the aftermath of what has been a shared struggle by the Libyan people. 9.03am: Reuters has more on Cameron and Sarkozy’s trip to Libya, which it describes as their “victory lap” . Both leaders are hugely popular on the streets of Libya, where “Merci Sarkozy” and “Thank you Britain” are common graffiti slogans. Both may hope to earn political dividends back home from what now appears to have been a successful bet. But on the eve of their visit, the leader of Libya’s National Transitional Council said heavy battles lie ahead against Gaddafi loyalists who have refused to surrender. National Transitional Council vice chairman Abdel Hafiz Ghogo told Reuters the two leaders would visit both Tripoli and Benghazi, where the NTC rulers are still based even though Gaddafi opponents seized the capital more than three weeks ago. Reuters also reports that Turkish prime minister Recep Tayyip Erdogan is expected in Libya on Friday with Egypt’s foreign minister, Mohammed Kamel Amr. 8.27am: Welcome to Middle East Live. Rumours that David Cameron and Nicolas Sarkozy planned to visit Libya first starting circulating yesterday . Downing Street is refusing to confirm the trip, but it is being reported by al-Jazeera and other media organisations that both men are expected in Tripoli and Benghazi . Last night officials in the new Libyan government indicated that both men would become the first world leaders to visit post-Gaddafi Libya . The French president is said to be revelling in his new nickname “Sarkozy the Libyan” and will be hoping that trip will revive his flagging poll ratings and France’s tarnished image in the Arab world. Writing earlier this month, our Paris correspondent, Angelique Chrisafis , said: Sarkozy wants to take credit for helping to establish a workable post-Gaddafi country, he wants France to succeed where the US failed in Iraq. By showing he could win over others as part of an alliance of world partners on Libya, Sarkozy hopes he can redress his public image as impulsive, undiplomatic and with a tendency for going out on a limb. Here are the other key developments in the region: Libya Mass graves are being discovered every week in Libya, according to the International Committee of the Red Cross. It is sending forensic experts to ensure that exhumations are properly conducted to ensure that information about the dead is not lost. In the latest discovery 34 bodies were exhumed from a mass grave near al-Qawalish , in the Nafusa mountains in western Libya, according to Human Rights Watch. Syria • Britain’s ambassador to Syria, Simon Collis, said he attended the vigil of an activist killed under torture to help draw attention to the violent crackdown against protests in Syria. Collis was filmed alongside several other ambassadors at a vigil for Giyath Matar on Sunday. He said: It is important to show Giyath’s family and Syrians that the world has noticed what is going on and to increase awareness of the wider situation in Syria. I spoke to his father: the family are very keen that what happened is known. The broader message to the regime is that this killing and torture must end. Giyath was so clearly associated with peaceful protests and for somebody like that to die in custody is outrageous. British diplomats said that if Collis had been in the country at the time he would have joined the US and French ambassadors on their celebrated trips to Hama in July , which drew attention to the threat of a bloodbath in the opposition stronghold. • Three rescuers and a patient were injured in an attack on a Red Crescent ambulance, Human Rights Watch has documented, in an incident it says highlights the need for independent investigation into human rights violations in Syria. “If Red Crescent volunteers are not safe from harm, who is?” asks Sarah Leah Whitson, its Middle East director. Israel and Palestinian territories The United States, Europe and the Middle East quartet are engaged in a last-ditch effort to set up a fresh round of Israeli-Palestinian peace talks in an attempt to head off a major diplomatic embarrassment over the looming Palestinian request for recognition of statehood at the UN. The US is leading diplomatic pressure on Israeli and Palestinian leaders in a bid to persuade the parties back to negotiations rather than risk a damaging collision in New York next week. Libya Muammar Gaddafi David Cameron Nicolas Sarkozy Arab and Middle East unrest Syria Palestinian territories Israel Nato Middle East US foreign policy Bashar Al-Assad Matthew Weaver Paul Owen guardian.co.uk

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UBS rogue trading: man arrested in London

Banking experts said the $2bn loss was a major blow to UBS’s reputation, and that of the wider financial sector A 31-year old man has been arrested by City of London Police on suspicion of fraud in connection with a rogue trading incident that has cost Swiss bank UBS around $2bn (£1.3bn). The Zurich-based bank uncovered the incident as recently as the last 24 hours and it suffered a near 10% fall in share price in early trading after it revealed the loss could push the bank into the red for the current financial quarter . The City of London Police arrested a 31-year old man at 3.30am in Central London on “suspicion of fraud by abuse of position”. He remains in police custody and the force has begun an investigation. The Financial Services Authority, the City regulator, is understood to have been informed. City sources believe the bank would be unlikely to reveal the full details of the trading position – thought to be in the equities division – until it had been closed down or reduced on the market. In a brief statement, UBS said it was still trying to get to the bottom of the matter, which was announced on the third anniversary of the collapse of Lehman Brothers. “UBS has discovered a loss due to unauthorised trading by a trader in its investment bank. The matter is still being investigated, but UBS’s current estimate of the loss on the trades is in the range of $2bn. It is possible that this could lead UBS to report a loss for the third quarter of 2011.” It added that “no client positions were affected”. The bank refused to elaborate but in an internal memo to staff, the executive committee of UBS revealed that they only uncovered the incident on Wednesday. “We regret to inform you that yesterday we uncovered a case of unauthorised trading by a trader in the investment bank. We have reported it to the markets in line with regulatory disclosure obligations. The matter is still being investigated,” the internal memo said. “We understand that you have already had to contend with unfavourable, volatile markets for some time now. While the news is distressing, it will not change the fundamental strength of our firm. We urge you to stay focused on your clients, who are counting on you to guide them through these uncertain times,” the management urged the bank’s staff who are facing redundancies under a programme of cuts announced only last month. UBS’s headquarters are in Zurich, but the bank operates in many financial centres. It employs around 6,000 people in the UK, largely in the City, although this rogue trading incident may put more pressure on the bank to reduce the size of the division. Major blow Banking experts said the loss was a major blow to UBS’s reputation, and that of the wider financial sector. Simon Ballard, senior credit strategist at RBC Capital Markets, said the trading loss would add to public concern over the banking sector . “At a time of greater regulation, it will raise questions about regulatory capital and whether ringfences are in place to stop this happening,” Ballard told Bloomberg TV. ZKB trading analyst Claude Zehnder told Reuters that UBS bankers “obviously have a problem with risk management”. “Even when the amount isn’t so high it is once more a loss of confidence that casts UBS in a poor light,” he said. Last month, UBS announced plans to cut 3,500 jobs as part of a £1.5bn cost reduction programme . It suffered huge losses during the financial crisis, but returned to profit in February 2010 . The cost of insuring UBS’s debt against default rose by around 7% on Thursday morning, according to Gavan Nolan of Markit, before dropping back as traders digested the implications of the loss. UBS Banking European banks Financial Services Authority (FSA) Financial sector Europe Europe Jill Treanor Graeme Wearden guardian.co.uk

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Cameron and Sarkozy land in Libya to meet National Transitional Council

Britain and France aim to deliver aid and discuss how to stabilise the country as the hunt continues to find Gaddafi David Cameron landed in liberated Tripoli this morning to undertake a high-risk visit to the Libyan capital along with the French president, Nicolas Sarkozy, the other main western champion of the five-month Nato bombing campaign that eventually ousted Colonel Gaddafi from power. William Hague, the foreign secretary, is also on the visit, along with the french intellectual Bernard-Henry Lévy, who persuaded Sarkozy that a victory for the Libyan rebels was essential if the momentum of the Arab Spring was to be retained. Cameron is bringing with him an aid package and will hold talks with the leaders of the National Transitional Council (NTC) on the progress they are making on stabilisation, driving out the remaining pockets of Gaddafi-supporting resistance in the south of the country and preparing for a democratic future. It will be the first visit to Libya by western leaders since the collapse of Gaddafi’s regime, and is likely to spark big scenes of celebration for the two men who championed the Libyan revolution, at some political and diplomatic risk. It is also expected that Cameron will fly to Benghazi, the cradle of the resistance and still the base for the NTC. The trip has been under discussion for over a fortnight, but the two leaders have been advised that the security situation is safe enough for them to travel to a city that only three weeks ago appeared to be under the iron grip of Gaddafi. It had been intended that the trip remain unannounced until the two leaders reached the Libyan capital this morning, but news leaked in Paris, and was picked up on international websites. Downing Street, on security advice, refused to confirm the planned visit until Cameron’s plane had landed in Tripoli. The NTC had also confirmed the trip. The visit is clearly designed to reap some domestic political kudos for what has in effect been the first war that Cameron himself waged rather than simply inherited from the Labour government. British government sources insisted there would be no triumphalism on the visit nor any echoes of George Bush’s premature claim of “mission accomplished” at the end of the fighting in Iraq. He is likely to meet civilians, and some of those injured in the fighting. Sarkozy is due to be travelling with a group of police, who are expected to help advise the Libyans on security. The leaders of the NTC are due to transfer their headquarters from Benghazi to Tripoli. Cameron and Sarkozy will meet the key figures on the council to discuss the future state of the economy and political developments. Gaddafi has yet to be captured and is thought to be in the south of Libya. Hague and the international development secretary, Andrew Mitchell, travelled to Benghazi during the Nato bombing campaign, but Cameron rejected a Sarkozy suggestion to travel to the country during the war itself, arguing it might affect the fragile Arab League support for the campaign. French papers noted that the visit coincided with a high-profile TV debate between the French socialist candidates. It is also expected the Turkish prime minister, Recep Tayyip Erdogan, will visit Libya as part of a wider north African tour. David Cameron Libya Middle East Africa Nicolas Sarkozy Arab and Middle East unrest Foreign policy France Patrick Wintour guardian.co.uk

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Coalition failing on majority of green pledges, analysis shows

Lack of progress blamed on Whitehall infighting and lack of public backing from David Cameron, green groups say Damian Carrington The government has made moderate or no progress on more than three-quarters of its green promises because of obstruction by the Treasury and business departments and a lack of public backing from the prime minister, a stinging report from the UK’s major environmental groups has concluded . David Cameron pledged within days of taking office that he would lead the “greenest government ever” but the report found that good progress was being made on just seven out of 29 environmental pledges made in the coalition agreement . John Sauven, executive director of Greenpeace, blamed government infighting: “This report shows that our Treasury and Department of Business are not backing British companies in the clean technology race. Those responsible for our economy seem blind to the opportunities. If the government don’t wake up and grasp this generational chance, then UK PLC will lose out on jobs, on growth and much needed revenues.” “Without more public leadership from the prime minister, the government will miss opportunities to get economic and political benefit from its policies,” said Matthew Spencer, director of Green Alliance . A Downing St spokesman said: “The prime minister remains committed to making this the greenest government ever. Our record should be judged by actions not words. The government is enacting a number of pioneering reforms to promote a more diversified, more efficient and lower carbon mix of energy sources.” The analysis, which also involved WWF, Christian Aid and the RSPB, chimes with reports earlier in 2011 of battles between ministers over whether green measures can boost economic growth and criticism of Cameron for failing to “step up to the plate” on climate change. It analysed the performance of the government on its policy commitments to cut carbon emissions and boost the green economy, based on in-depth interviews with 40 ministers and officials across Whitehall. Of the six promises judged outright failures, half were the responsibility of the Treasury, including a promise to increase the proportion of green taxes in overall revenue, which was hampered by George Osborne’s cut in fuel duty . The Treasury has also failed to introduce green ISAs and to reform aviation taxes . A further 16 commitments were making only moderate progress, the report found, because of delays or badly designed policies. The report argues that the green investment bank (GIB), another coalition promise, is vital in providing the investment needed to wean the UK off fossil fuels, but adds: “Progress has been hampered by the Treasury which was instrumental in preventing the GIB from having any borrowing powers during the course of this parliament. This is a prime example of a major decision the government essentially got right, but its impact is limited because of a lack of cross-government support.” Poor-quality policy is damaging another flagship government scheme, the “green deal”, the report said. It is a scheme, described as “radical and game-changing” by ministers, to transform the nations’ homes by enabling insulation and other energy efficiency measures to be paid for from the subsequent savings on gas and electricity bills. “The government is not working to this end. The programme is not being designed to deliver on a scale consistent with meeting carbon budgets,” the report said. The report says the government is making good progress on seven commitments including cancelling the third runway at Heathrow , introducing an £860m scheme for renewable heating systems , and most importantly, accepting its official adviser’s recommendation that the UK should cut its greenhouse gas emissions by 50% by 2025 , a world-leading ambition. But it notes: “That decision [on the 2025 target] was a key moment [but] was undercut by the very public interdepartmental battle that preceded it which made the resistance of ministers in Treasury and business to stretching emissions reductions targets very clear. Ultimately the prime minister intervened but the perception of divisions within government over the importance of the low carbon transition remains.” The battles over this and the GIB “convey the perception that core departments have to be dragged over the low carbon line, and undermine investor confidence”. The Department of Energy and Climate Change (Decc) said: “The government stands by its record on green policies over the last year to deliver the low-carbon economy, with progress on a whole host of areas and a lot more on the way: we are determined to make the UK the destination of choice for global low-carbon investment. On top of this, Whitehall is leading by example: we have cut emissions in central government departments by 13.8% in just one year.” “The Treasury has made important progress on a range of green initiatives,” said a Treasury spokesman. “We are fulfilling our commitment to introduce a carbon price floor – a world first – [and have made] £3bn available for the green investment bank.” Mike Clarke, the chief executive of the RSPB, said: “There is a common thread running between the government’s underwhelming performance on climate change, and its current, flawed approach to planning reform. We are seeing a clear conflict at the heart of the coalition between green growth and economic growth at any cost.” “Decc is trying hard and doing good things,” said Spencer. “But the sum is less than the parts, as there is no strategy that joins them across Whitehall. Cameron appears to support this agenda but we want to get him out onto the stage.” Some commentators have suggested Cameron’s near silence on climate issues since the election and Osborne’s obstructions stem from not wanting to alienate the right wing of their party. “But that didn’t stop [Margaret] Thatcher from championing the environment,” said Spencer. Green economy Green investment bank Green politics Liberal-Conservative coalition David Cameron Green deal Climate change Carbon emissions Damian Carrington guardian.co.uk

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Midwife shortage ‘dangerously high’

Royal College of Midwives says 4,700 more midwives are needed across England to keep up with rising birthrate and increasing complexity of many births Parts of England are facing dangerously high shortages of midwives as Britain’s birthrate rockets, according to the Royal College of Midwives (RCM). While there are shortfalls across the country, some areas are worse than others, putting mothers and babies at risk. Midwife numbers have not kept pace with the birthrate in England, which has risen 22% in the past two decades. The prime minister, David Cameron, has been urged by the RCM to honour his pre-election pledge to recruit more midwives. The RCM report said 4,700 more midwives were needed across England to keep up with added pressures, such as growing numbers of obese and older pregnant women. Their figures showed the north-east and north-west had a shortfall of less than 10%, while the east Midlands and east of England needed 41% more midwives, it was reported. Meanwhile, the south-east was said to be more than a third short of staff. While the north-east needed only 91 extra midwives, the south-east required an extra 1,015. A medium-sized maternity unit delivering 3,000 babies a year would need around 91 midwives, according to the RCM. Cathy Warwick, general secretary of the RCM, said: “This is not just a paper exercise to prove a point. These figures represent real and serious shortages in our maternity services. “Each single number is a midwife that should be there caring for women and their babies, but isn’t. “It is also not just about numbers. Births are also becoming increasingly complex, needing more of midwives’ time. “The combination of this and the rising birthrate is a dangerous cocktail threatening the safety and quality of maternity care. “It means that too many maternity units across England are under-staffed and under-resourced to meet the demands made of them. It leaves me feeling deeply frustrated that we are not seeing any action from this government to remedy this.” The calculations were made by measuring the number of midwives in an area against the number of babies. The disparity is a result of different levels of investment in different areas, the RCM said. Scotland, Wales and Northern Ireland do not have midwife shortages at the moment, it added. The number of midwives has increased by 17.7% from 2000 to 2010, according to the Department of Health. The country’s birthrate has risen 19.9% in the same period, according to the Office for National Statistics. There were 26,825 midwives working in the UK at the end of September last year, and 493 more midwives working in May 2011 than in May 2010. A DoH spokeswoman said: “Record numbers [of midwives] entered training last year and there are 2,490 planned midwifery training places this year. “Safety is paramount in the NHS and all mothers and their babies should expect and receive consistently excellent maternity care. “Most women tell us that they feel positive about their maternity care experience. “The Care Quality Commission last year found that 94% of women rated their care during labour and birth as ‘good, very good or excellent’. This is a testament to the hard work that our maternity staff provide every day in the NHS.” Midwifery Health Public sector careers Health policy Public services policy NHS guardian.co.uk

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UBS loses $2bn in ‘unauthorised trading’

Swiss bank UBS has admitted that its investment banking arm has lost around $2bn (£1.27bn) through “unauthorised trading”. Shares in UBS fell by almost 10% in early trading after it reported the loss, which could push the bank into the red for the current financial quarter. In a brief statement, issued on the third anniversary of Lehman Brothers, UBS said that the issue was still being investigated. “UBS has discovered a loss due to unauthorized trading by a trader in its Investment Bank. The matter is still being investigated, but UBS’s current estimate of the loss on the trades is in the range of $2bn. It is possible that this could lead UBS to report a loss for the third quarter of 2011. UBS added that “no client positions were affected.” Simon Ballard, senior credit strategist at RBS capital markets, said the trading loss would add to public concern over the banking sector . “At a time of greater regulation, it will raise questions about regulatory capital and whether ringfences are in place to stop this happening,” Ballard told Bloomberg TV. More details soon UBS Banking European banks Switzerland Europe Graeme Wearden guardian.co.uk

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BlackBerry maker RIM to face MPs over riot claims

Committee to ask if BlackBerry Messenger was used to plan disorder – and also question Facebook and Twitter executives BlackBerry maker Research in Motion will come under the spotlight on Thursday when a Commons select committee investigates whether BlackBerry Messenger played a key role in the civil unrest across England last month. Several MPs on the home affairs select committee are understood to want to put BlackBerry Messenger (BBM) under intense scrutiny following claims that rioters used the private network to plan the disorder . Unlike Facebook and Twitter, BBM is encrypted and its messages hidden from public view. One committee member who declined to be named said: “There was suggestions from police that BBM in particular was used to facilitate organised crime during the riots. The question is, does [Research in Motion] have a responsibility to monitor its network or should the authorities have the power to do that? That is one of the issues to tackle without equating us with an authoritarian state.” Stephen Bates, RIM’s UK managing director, is expected to face questions from MPs on the company’s view of law enforcement being given additional powers to shut down social networks in times of unrest. MPs are understood to be keen to move away from “kneejerk” responses such as banning potential rioters from websites – as proposed by David Cameron in the immediate aftermath of the disorder – but will approach the “exceedingly controversial” topic, according to the same committee member. Executives from Facebook, Twitter and RIM will all appear before the committee on Thursday afternoon, following appearances from six senior officers from Greater Manchester police, West Midlands police and Nottinghamshire police. A second committee member suggested the social networks would be asked whether they would be willing to release data – including users’ messages and contact details – as they do when ordered for phone calls and text messages. “[The committee hearing] will be about disentagling the rhetoric in the immediate aftermath and how that differs from the realities of the meetings that they’ve had with [with government and law enforcement],” the MP said. The three social networks were summoned to a meeting with the home secretary, Theresa May, following the unrest. The government rowed back on a suggestion from the prime minister that it would look to restrict the sites during times of disorder. Twitter is understood to have flown in its California-based general counsel, Alexander Macgillivray, for the hearing. The Facebook head of policy, Richard Allen, will represent that social network. •

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Taxi driver found dead at his mother’s house in Preston, Lancashire, along with baby son who later died in hospital A father is thought to have killed his six-month-old son before hanging himself. Paul McBride, 39, was found dead at his mother’s house in Preston, Lancashire, on Wednesday. His son, who has not been named, was found in a “very poorly” condition and taken to hospital where he was later pronounced dead. Officers and family had been looking for the taxi driver after concerns were raised about his welfare. His sister found his body after arriving at the house in the suburb of Ribbleton, shortly after 6pm. Their mother, Denise Betts, is thought to be on holiday in France. Lancashire Police have launched a murder investigation but are not looking for anybody else in connection with the incident. A post-mortem examination will take place on Thursday to establish how the child died. A police spokeswoman said detectives from the force’s Major Investigation Team were leading the inquiry. “Officers were called to an incident at an address in the Ribbleton area of Preston at around 6.15pm,” she said. “On arrival, a man was found dead and a six-month-old boy was in a very poorly condition. He was taken to the Royal Preston Hospital where he sadly died.” Detective Superintendent Neil Esseen, who is leading the investigation, said it was an “incredibly tragic” case. “It is being treated as a murder inquiry, although we are not looking for anybody else in connection with this incident, he said. “We are still in the very early stages of this investigation, but we are conducting a number of inquiries in order to establish the exact circumstances surrounding the deaths.” A neighbour said: “It’s shocking, a terrible thing. I knew Paul. He was a happy, jolly type. He was always jokey and loved football. “He had moved away, so we didn’t see much of him any more. His mother is on holiday so I don’t even know why he was at the house.” Crime guardian.co.uk

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Taxi driver found dead at his mother’s house in Preston, Lancashire, along with baby son who later died in hospital A father is thought to have killed his six-month-old son before hanging himself. Paul McBride, 39, was found dead at his mother’s house in Preston, Lancashire, on Wednesday. His son, who has not been named, was found in a “very poorly” condition and taken to hospital where he was later pronounced dead. Officers and family had been looking for the taxi driver after concerns were raised about his welfare. His sister found his body after arriving at the house in the suburb of Ribbleton, shortly after 6pm. Their mother, Denise Betts, is thought to be on holiday in France. Lancashire Police have launched a murder investigation but are not looking for anybody else in connection with the incident. A post-mortem examination will take place on Thursday to establish how the child died. A police spokeswoman said detectives from the force’s Major Investigation Team were leading the inquiry. “Officers were called to an incident at an address in the Ribbleton area of Preston at around 6.15pm,” she said. “On arrival, a man was found dead and a six-month-old boy was in a very poorly condition. He was taken to the Royal Preston Hospital where he sadly died.” Detective Superintendent Neil Esseen, who is leading the investigation, said it was an “incredibly tragic” case. “It is being treated as a murder inquiry, although we are not looking for anybody else in connection with this incident, he said. “We are still in the very early stages of this investigation, but we are conducting a number of inquiries in order to establish the exact circumstances surrounding the deaths.” A neighbour said: “It’s shocking, a terrible thing. I knew Paul. He was a happy, jolly type. He was always jokey and loved football. “He had moved away, so we didn’t see much of him any more. His mother is on holiday so I don’t even know why he was at the house.” Crime guardian.co.uk

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CBS Shows Who Won NY 9th in the ‘1920 Republican Landslide’

Andrew Petersen. That’s the last Republican to win New York’s 9th Congressional District. CBS Evening News anchor Scott Pelley provided that bit of trivia, and displayed a picture of him, on Wednesday night as he relayed how Petersen was “swept into office in the 1920 Republican landslide…” Scott Pelley announced: It's been so long, we wondered about the last Republican to win that seat so we cracked the history books and we found that he was Andrew Petersen, swept into office in the 1920 Republican landslide that put Warren G. Harding into the White House. A Tuesday New York Times blog posting offered a little more about Petersen, “a Danish-born manufacturer of ornamental iron products” who “toppled freshman Representative David J. O’Connell.” Sam Roberts continued: Mr. Petersen’s victory was widely credited to the long coattails of the Republican presidential nominee, Warren G. Harding, who swamped the Democrat, James M. Cox. Once in office, Mr. Petersen, perhaps beginning a tradition in the district, had his own brush with scandal. On a 1923 fact-finding tour in Panama, he and another congressman donned sailors’ uniforms and were detained in a cabaret for being ashore past the 11 p.m. curfew. The district straddles the Brooklyn-Queens border as it did then (in 1920 it included Bushwick and East New York in Brooklyn and Ozone Park in Queens), but the precise boundaries shifted every decade. Regardless of the shape and of which party controlled legislative redistricting, no Republican has carried the Ninth since Mr. Petersen won with about 53 percent of the vote nearly a century ago. Mr. O’Connell, a Brooklyn-born publisher who defeated a Republican in a 1918 squeaker, won the seat back two years later. Mr. Petersen died in 1953 at the age of 83 in East Rockaway on Long Island… Back then, terms for the President, Members of Congress and Senators began and ended in March.

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