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Historically, Forbes Media, in which elevation partners - Bono of U2 - capital company has a great game, has chosen to expansion in the West, emerging markets. Mr. Forbes, President and editor in Chief of Forbes Media, said the reason to launch a European title is that "there is a coming recovery" and European had become more and more interested by the businesses and entrepreneurs.

He said that advertising revenues had improved, with seeing a year group further increased 20pc. Automotive and financial services industries had begun to pick up, he said.

Forbes Europe will be based in London or Paris and it will likely launch in 2011. Mr. Forbes said that he had spoken to European advertisers and there has been much interest in Europe of Forbes.

"While everyone focuses on the Ireland Greece, Portugal and Spain, there is a coming recovery." And this is precisely the right time to move in. We want it [Forbes Europe] to be entrepreneurial. "It's the right time for a European magazine," he said.

The company currently publishes Forbes and Forbes Asia who together to reach a global audience of more than 6 m readers. There is also holder editions in many countries of China in Croatia.

Editions of the holder are Forbes, local language versions contained Forbes, such as Forbes Asia, would be in English with original local content.

In August 2006, elevation partners became a minority shareholder in a newly created company, Forbes Media, Publisher of Forbes Forbes.com magazine and other media properties.

Mr. Forbes also offered its advice to the Government of the United Kingdom. "Don't think because you're cutting spending you should raise taxes." Do what is just to get the economy moving and then people will forgive you for how you arrived.

"What you need to do is combine rigorous measures measures which will be conducive to encouraging the growth,"he said.""

"If [George] Osborne and the Bank of England reinforce the pound sterling, exporters will scream, but if believe in pound new then that would be a good thing for the euro."

He said that Britain should adopt a similar to some Asian territories tax code.

"Give the UK code similar to Singapore tax or Hong Kong." You have very low rates and generous exemptions. You would make Britain a harbour capital.

"You can do so because you are growing." The net asset value back if people see the future. ?

He said that he had sent a copy of his book about the benefits of the flat tax on David Cameron.

Mr. Forbes said that the group present not paywalls on the Forbes magazine Web sites.

Earlier this year, Mr. Forbes renounced his role as Chief Executive at Forbes. Quarterly Editor Mike Perlis brought Chief Executive gentleman.

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More than 20 licenses have been issued for new drilling in deep water fall, despite the accident the Gulf Mexico killed 11 men and triggers a giant oil spill

The move comes as Chevron BP Oil Giants prepare to launch ambitious deep-water campaigns in the West of Shetland drilling services for the first time-sensitive areas.

Chris Huhne, Secretary of energy, insisted on following the accident, there are eight months as Britain "security and environmental regulatory regime is fit for purpose".

But now that the investigations have shed light on causes of the incident the Mexico Gulf, his Department will begin a review of environmental precautions in the new year.

Its conclusions are supposed to be published in may - more than a year after an explosion on the horizon of depth resulted in offshore oil spill more important in the history.

A spokesman for the Department of energy and climate change (DECC) confirmed the move and said that he had been postponed, while to await the outcome of the various surveys on BP.officials have already started preliminary work.

After the accident, DECC has increased the number of officials from the health and safety and doubled the annual environmental inspections for oil platforms.Oil and gas industry is working on plans to improve the response to leaks through the prevention of oil spills and oil response Advisory Group (OSPRAG).

However, Greenpeace has criticised as insufficient reaction and continues the Government before the High Court to try to stop allowing water deep new drilling in the North Sea for environmental reasons.

He argues that a failure to consider eco-system region in the wake of the new ways in the Gulf of the Mexico allows protection should not be delivered.

"A review of the environmental regulation already should have been done," said Ben Ayliffe, an activist group pressure.

The U.S. oil giant Chevron was the first to start a deep-water drilling Lagavulin, 160 miles north of Shetland for a considerable increase in exploration in the region.

However, Greenpeace took issue with the latest version of oil spill response plan société.Dans document, Chevron says that dolphins and whales should avoid naturally leak oil because of their "good capacity swimming."

Chevron has admitted last month, he undertook to revise increased its forecasts of "worst case scenario" for potential oil spills in the area of the West of Shetland 77 000 barrels per day – a rate higher than BP has seen in the Gulf of the Mexico.

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Apollo and HVAC finally released the details of the offer on Tuesday that Brit has published an update on its trading performance on the market.

The private equity firms offer to 871 m ￡ for Brit, a premium of 51pc of shares of the company back in June before the transaction was first announced as.

Of the agreement, Brit shareholders will receive a cash payment of ￡ signs a share.

However, they stand to receive up to 25 per cent share more if the net value of the tangible assets of the British at the end of the year is greater or equal to ￡ 11 per action.Si figure is lower at ￡ signs no extra payment will be made.

"I am pleased that we have reached agreement on the modalities of the offer of shares of Brit Insurance values at a significant premium", said John Barton, President of Brit Insurance.

Price of the shares of the Brit hit a maximum of 12 months aft of timeliness, closing up to 24 p to 10 h 45 ￡ Tuesday actions.

In an interim management statement, written gross premiums said Brit had refused to 8 5pc to. ￡ 1 in the nine months to 30 September, which the company said is the result of what he describes as "excessive pressure" 22bn renewal rates.

"Subscription remains competitive in most classes while the known group even better than expected investment returns," said Dane Douetil, CEO of Brit.Mr. Douetil and the rest of the management of the British team promised their support for capital investment companies offer private and number of independent directors of the insurer's it support.

British, who is best known as the promoter of the oval and cricket test match on Sky Sports, maintain her home to the Netherlands after the agreement, according capitaux.Les companies private limited companies have developed a set of companies focused on the Netherlands for the acquisition of the company.

No change of domicile is expected once the transaction is completed and private equity firms have confirmed they would be no change in the conditions of employment of staff of the company.

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