Gold prices soar on global fears

Gold hit new highs in Asian trading late Monday as stock markets slumped and the dollar struggled. Gold futures jumped to $1,718 an ounce, a record high and up 4.2% from Friday’s closing price of $1,648.80 in New York. The metal now is up…

UK charities to face £3b in cuts

Charities are facing cuts totalling nearly £3 billion over the coming five years due to Government spending reductions, according to a new report. The National Council for Voluntary Organisations (NCVO) used figures on the Government's…

Investor fear drowns ECB, G7 pledges

Fear gripped Asian markets on Monday as the fallout from the historic downgrade of the U.S. debt rating drowned out pledges of assistance from Europe's central bank and soothing words from the Group of Seven. Facing the unknown investors…