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By Peter Marsh
Published: December 27 2009 23:17 | Last updated: December 27 2009 23:17
Britain should shrug off worries about its huge government deficit and prepare to spend “tens of billions of pounds” on infrastructure investment to push the economy out of recession, according to one of the UK’s leading industrialists.

Kirby Adams, chief executive of Corus, the Anglo-Dutch steelmaker, also saidin a Financial Times interview the UK needed to draw up a “real industrial policy” to make the cou… Continue

New infrastructure spending envisioned by Mr. Obama would include funds for roads, bridges, airports and water systems, even though tens of billions of dollars from the original stimulus plan remain in the pipeline. White House economist Jared Bernstein said worthy projects not deemed "shovel ready" in the initial funding applications now will see money, implying that federal stimulus spending could stretch well beyond 2010.… Continue

Abu Dhabi is moving to bail out on a selective basis the state-owned Dubai World, whose debt default led to a sharp drop in global markets, a senior official has said. The unnamed official told news agencies on Saturday that the United Arab Emirates' wealthy capital would "pick and choose" how to assist its debt-laden neighbour. "We will look at Dubai's commitments and approach them on a case-by-case basis," the official told the Reuters news agency by telephone, adding: "It does not mean that A… Continue

Asean plans to set up a US$1-billion (Bt33.5 billion) infrastructure fund and will join Japan, China and South Korea in creating a $500-million bond-guarantee fund for investment in the region, Finance Minister Korn Chatikavanij said this week.
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