The Climate Change Conference in Copenhagen ended in confusion with a last minute compromise Accord drafted by several leading industrial nations including the United States which restated the need for measures to limit carbon emissions but omitted binding targets.
British Airways gained a temporary reprieve when the High Court ruled that the ballot which led cabin crew to declare a twelve day strike over Christmas and New Year was unlawful. However, labour relations will not have been improved and the merger with Iberia will be put under further strain.
Dubai's financial difficulties were eased by a $10 billion bail-out from its sister state of Abu Dhabi. Dubai's Fiscal Committee said the state would remain a strong and vibrant global financial centre.
George Papandreou, prime minister of Greece, told his fellow countrymen that We must change or sink. He said that taxes must be paid and corruption ended.