Assad says will live and die in Syria

DOHA (Reuters) – President Bashar al-Assad said he would “live and die” in Syria and warned that any Western invasion to topple him would have catastrophic consequences for the Middle East and beyond.

Assad’s defiant remarks coincided with a landmark meeting in Qatar on Thursday of Syria’s fractious opposition to hammer out an agreement on a new umbrella body uniting rebel groups inside and outside Syria, amid growing international pressure to put their house in order and prepare for a post-Assad transition.

The Syrian leader, battling a 19-month old uprising against his rule, appeared to reject an idea floated by British Prime Minister David Cameron on Tuesday that a safe exit and foreign exile for the London-educated Assad could end the civil war.

“I am not a puppet. I was not made by the West to go to the West or to any other country,” he told Russia Today television in an interview to be broadcast on Friday. “I am Syrian; I was made in Syria. I have to live in Syria and die in Syria.”

Russia Today’s web site, which published a transcript of the interview conducted in English, showed footage of Assad speaking to journalists and walking down stairs outside a white villa. It was not clear when he had made his comments.

The United States and its allies want the Syrian leader out, but have held back from arming his opponents or enforcing a no-fly zone, let alone invading. Russia has stood by Assad.

The president said he doubted the West would risk the global cost of intervening in Syria, whose conflict has already added to instability in the Middle East and killed some 38,000 people.

“I think that the price of this invasion, if it happened, is going to be bigger than the whole world can afford … It will have a domino effect that will affect the world from the Atlantic to the Pacific,” the 47-year-old president said.

“I do not think the West is going in this direction, but if they do so, nobody can tell what is next.”

QATAR, TURKEY CHIDE OPPOSITION

Backed by Washington, the Doha talks underline Qatar’s central role in the effort to end Assad‘s rule as the Gulf state, which funded the Libyan revolt to oust Muammar Gaddafi, tries to position itself as a player in a post-Assad Syria.

Qatari Prime Minister Hamad bin Jassim Al Thani urged the Syrian opposition to set its personal disputes aside and unite, according to a source inside the closed-door session.

“Come on, get a move on in order to win recognition from the international community,” the source quoted him as saying.

Turkish Foreign Minister Ahmed Davutoglu delivered a similar message, saying, according to the source: “We want one spokesman not many. We need efficient counterparts, it is time to unite.”

An official text of a speech by Qatari Foreign Minister Khalid Mohamed al-Attiyah showed he told the gathering: “The Syrian people awaits unity from you, not divisions … Your agreement today will prove to the international community that there is a unity … and this will reflect positively in the international community’s stance towards your fair cause.”

Across Syria, more than 90 people were killed in fighting on Thursday, the Syrian Observatory for Human Rights said.

In Turkey’s Hatay border province, two civilians, a woman and a young man, were wounded by stray bullets fired from Syria, according to a Turkish official. Turkish forces increased their presence along the frontier, where officials have said they might seek NATO deployment of ground to air missiles.

Syria poses one of the toughest foreign policy challenges for U.S. President Barack Obama as he starts his second term.

International rivalries have complicated mediation efforts. Russia and China have vetoed three Western-backed U.N. Security Council resolutions that would have put Assad under pressure.

Syria’s conflict, pitting mostly Sunni Muslim rebels against forces dominated by Assad’s Alawite minority, whose origins lie in Shi’ite Islam, has fuelled sectarian tensions across the Middle East. Sunni Arab countries and Turkey favor the rebels, while Shi’ite Iran backs Assad, its main Arab ally.

“VICIOUS CIRCLE”

The main opposition body, the Syrian National Council (SNC), has been heavily criticized by Western and Arab backers of the revolt as ineffective, run by exiles out of touch with events in Syria, and under the sway of the Islamist Muslim Brotherhood.

British Foreign Minister William Hague said London would now talk to rebel groups inside Syria, after U.S. Secretary of State Hillary Clinton last week criticized the SNC and called for a new opposition body to include those “fighting and dying”.

But the plan for a body that could eventually be considered a government-in-waiting capable of winning foreign recognition and therefore more military backing ran into trouble almost as soon as it was proposed by SNC member Riyad Seif.

The meeting has so far been bogged down by arguments over the SNC representation and the number of seats the rival groups – which include Islamists, leftists and secularists – will have in a proposed assembly. Seif said he hoped for agreement on that on Thursday night, although the talks may continue into Friday.

Senior SNC member Burhan Ghalioun said the participants were moving towards consensus: “The atmosphere was positive. We all agree that we don’t want to walk away from this meeting in failure,” he told reporters.

Seif’s proposal is the first concerted attempt to merge opposition forces to help end the devastating conflict.

The initiative would also create a Supreme Military Council, a Judicial Committee and a transitional government-in-waiting of technocrats – along the lines of Libya’s Transitional National Council, which managed to galvanize international support for its successful battle to topple Gaddafi.

Michael Doran of the Brookings Institute in Washington told a forum in Doha it would not work for Syria. “It’s not a ridiculous idea, but it’s not going to succeed,” he said.

A diplomat on the sidelines of the talks said international divisions in the U.N. Security council did not help.

“It’s a vicious circle. They are asking the opposition to unite when they admit they are not themselves united,” he said.

(Writing by Tom Perry and Samia Nakhoul; Editing by Alistair Lyon, Alastair Macdonald and Philippa Fletcher)

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Icahn says has mulled Netflix takeover, no decision made

(Reuters) – Activist investor Carl Icahn, who holds an almost 10 percent stake in Netflix, said on Thursday he has considered a hostile takeover bid for Netflix, but it was uncertain he stood a chance of acquiring the Internet streaming service.

Asked by TV network CNBC whether he would “go hostile” on Netflix, Icahn said, “The thought had certainly entered my mind. I have to admit I think about it, but we haven’t made that decision.”

While Icahn said a hostile takeover was “certainly an alternative,” he downplayed the possibility several times. He added that he would not be able to pay as much for Netflix as a “synergistic buyer” looking to acquire an Internet movie and TV subscription service.

Netflix has been the subject of periodic acquisition speculation, with potential names tossed around from Microsoft Corp to Amazon.com Inc.

Icahn last month disclosed he had amassed control of 9.98 percent of Netflix shares. Most of his purchases were in the form of call options that expire in September 2014. The billionaire, who is known for shaking up corporate management, has said Netflix was undervalued and an attractive acquisition target for a number of companies.

Netflix has since adopted a poison pill defense to prevent a hostile takeover, a move that Icahn on Thursday called “reprehensible.”

A Netflix spokesman did not immediately respond to a request for comment on Icahn’s remarks.

(Reporting By Liana B. Baker in New York; Additional reporting by Katya Wachtel and Sam Forgione in New York and Lisa Richwine in Los Angeles; Editing by Leslie Adler)

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Hepatitis hits more than 1,000 refugees in South Sudan: UNHCR

GENEVA (Reuters) – An outbreak of hepatitis E has infected at least 1,050 Sudanese refugees in South Sudan, killing 26 and threatening to spread further among people still arriving in crowded camps, the United Nations said on Friday.

About 175,000 people have already fled to South Sudan to escape fighting in Sudan’s South Kordofan and Blue Nile states, the U.N. High Commissioner for Refugees said. Thousands more are expected to cross in coming weeks after the rainy season ends, it added.

“To date, 26 refugees have died in camps in Upper Nile (state),” UNHCR spokesman Adrian Edwards told a news briefing in Geneva.

“The capacity to contain an outbreak of hepatitis E among the refugee population is increasingly jeopardized. The risks will grow if, as currently anticipated, we see fresh inflows of refugees from South Kordofan and Blue Nile states,” he said.

The death toll was up from 16 on September 13.

The virus, contracted and spread through contaminated food and water, damages the liver and can be fatal.

To counter spread of the disease, the UNHCR was struggling to provide 15 to 20 liters of safe drinking water per refugee per day and building enough latrines so that each unit is shared by no more than 20 refugees, said Edwards.

The agency needs at least $ 20 million by the end of the year for its South Sudan operation as only 40 percent of its appeal for $ 186 million has been received, he added.

(Reporting by Stephanie Nebehay; Editing by Andrew Heavens)

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Ex-oilman named new leader of world’s Anglicans

LONDON (Reuters) – Britain named a former oil executive as the new Archbishop of Canterbury and leader of the world’s 80 million Anglicans on Friday as the church struggles to overcome a painful rift over the issues of female bishops and same-sex marriage.

Welby, 56, who has been bishop of the northern English city of Durham for little more than a year, will replace incumbent Rowan Williams who steps down in December.

The long-awaited appointment, announced by Prime Minister David Cameron‘s office in a statement, follows weeks of intense speculation that a row over whether to choose a reformer or a safe pair of hands had stalled the nomination process.

For Welby, the move capped a meteoric rise up the Church of England hierarchy since quitting the business world and being ordained in 1992.

The bespectacled father-of-five is seen as more conservative than the liberal Williams and is widely reported to be against gay marriage but in favor of the ordination of women bishops.

(Writing by Maria Golovnina Editing by Guy Faulconbridge)

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Stock index futures signal flat to higher open

PARIS (Reuters) – Stock index futures pointed to a flat to higher open on Wall Street on Friday, with futures for the S&P 500 up 0.15 percent, Dow Jones futures flat and Nasdaq 100 futures up 0.29 percent at 1000 GMT.

World stocks were on course for their worst weekly performance since June on Friday as concerns over the U.S. fiscal cliff and the outlook for Europe hit sentiment.

Groupon will be in focus after the group’s results again fell short of Wall Street‘s already-cautious expectations as the daily deal company failed to turn around a struggling European business, sending its shares to a record low.

Activist investor Carl Icahn said on Thursday he has considered a hostile takeover bid for Netflix but was uncertain he stood a chance of acquiring the Internet streaming service in which he holds a 10 percent stake.

Mexico’s top cement maker Cemex said on Thursday that it was pleased with the way its U.S. business was evolving but acknowledged it is still far from fully recovering.

Energizer Holdings Inc said on Thursday that it would cut more than 10 percent of its workforce, or about 1,500 people.

Boeing Co reported it has bagged more than 1,000 net new orders so far this year, putting the U.S. planemaker on course to sell more aircraft than European rival Airbus for the first time since 2006.

Career Education Corp will close 23 campuses and cut 900 jobs amid losses and falling student enrollments that also threaten to affect its financial position.

TSMC <2330.TW>, the world’s biggest contract chip maker, said on Friday that sales in October rose 32.3 percent from a year earlier to a record high.

Allscripts Healthcare Solutions Inc said it is evaluating its future, confirming a report that the healthcare technology firm may sell itself, sending its shares up 7 percent.

Merrill Lynch, part of Bank of America Corp , on Thursday lost its bid to dismiss a federal regulator’s lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.

Nvidia forecast revenue below expectations due to a slowdown in tablet-processor shipments and a troubled PC market but shares of the graphics chipmaker rose on the announcement of a quarterly dividend.

Rare earth producer Molycorp Inc reported a third-quarter loss on Thursday, as lower rare earth prices and higher production costs outweighed a boost in output.

Chrysler Group LLC’s minority owner is expected to lay out its argument on Monday in a legal dispute over the price Italian carmaker Fiat will pay for the first of several incremental stakes in the U.S. carmaker.

Russia’s second-largest crude producer, LUKOIL , said on Friday it will study an offer from Exxon regarding Iraq’s West Qurna-1 oilfield, which the U.S. major wants to leave, Interfax news agency reported.

President Barack Obama and the U.S. Congress must urgently confront the country’s looming year-end “fiscal cliff,” a senior Federal Reserve policy-maker said on Thursday. “This could cause tremendous damage to the U.S. economy if it is not addressed in an appropriate way,” St. Louis Federal Reserve President James Bullard told reporters.

The International Monetary Fund on Thursday urged the United States to quickly reach an agreement on a permanent fix to avoid automatic tax hikes and spending cuts early next year, saying a stop-gap solution could be harmful to the global economy.

On the macro front, investors awaited the Thomson Reuters/University of Michigan’s preliminary November consumer sentiment index, due at 1455 GMT, expected to show a reading of 83.0 compared with 82.6 in the final October report.

Investors will also keep an eye on wholesale inventories for September, due at 1500 GMT.

U.S. stocks fell on Thursday and could be in line for more weakness as worries about Washington’s ability to find a timely solution to the “fiscal cliff” dominate investor thinking in coming weeks.

The Dow Jones industrial average <.DJI> lost 121.41 points, or 0.94 percent, to end at 12,811.32. The Standard & Poor’s 500 Index <.SPX> fell 17.02 points, or 1.22 percent, to 1,377.51, ending at its lowest level since August 2. The Nasdaq Composite Index <.IXIC> dropped 41.70 points, or 1.42 percent, to close at 2,895.58.

(Reporting by Blaise Robinson)

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Ghana building collapse traps dozens, kills 1

ACCRA, Ghana (AP) — A five-story shopping center built earlier this year in a bustling suburb of Ghana‘s capital collapsed Wednesday, killing at least one person and leaving several dozen people trapped in the rubble, authorities and eyewitnesses said.

Rescue crews used cranes to try and remove debris from the top of the building amid fears that machinery sifting through the wreckage could injure trapped survivors. Crowds of bystanders gathered as rescuers sifted through cement and glass.

The fatality at the Melcom Shopping Center at Achimota, a suburb of Accra, was confirmed by Public Affairs Officer of the Ghana Fire Service Billy Anaglate. “We are still working to find out the fate of others who may be trapped under,” he said.

Other officials told The Associated Press that the death toll was likely to rise.

An AP reporter at the scene saw at least one man pulled from the debris, covered in dust and who was then whisked into an ambulance.

A Greater Accra Regional Public Affairs officer, deputy superintendent Freeman Tettey, confirmed that one person died and told the AP that 51 have been rescued and sent to hospitals around the capital.

“I was on my way to the shop when l saw it crumpling down,” Kojo Boadi, an eyewitness, said.

President John Mahama declared the scene a disaster zone and cut short his election campaign in the north of the country to be able to visit the site. The presidential election is scheduled for December.

The five-story store opened in February is part of the Melcom chain owned by Indian immigrant magnate, Bhagwan Khubchandani. His late father arrived in Ghana in 1929 as a 14-year-old to work as a store boy in the-then Gold Coast.

The store sells a variety of cheap, imported household goods and appliances that are popular with working-class Ghanaians.

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Twitter Chats Beckon to Some Graduate Students

In olden, pre-Twitter days, graduate students traipsed around academic conferences meeting peers and mentors. But Twitter chats–or hashtags, the number signs indicating a topic of conversation–are the new networking spaces, at least according to a recent blog post on The Daily Muse, “10 Great Twitter chats for Grad Students.”

“Participating in regularly scheduled Twitter chats can help you learn the tricks of your trade, connect with colleagues who share your interests, and begin to build a name for yourself within your field,” writes Tamara Powell, a California State University–Sacramento lecturer and doctoral candidate at University of California–San Diego.

But data from the social Web index, Topsy, indicate that the chats on Powell’s list might not be so well trafficked, and some graduate students question how effective Twitter can actually be for academic discussions.

Although #gradchat has only generated 743 Tweets so far–127 in the past 30 days, according to Topsy–it earned the No. 1 slot on Powell’s list and the accolade of being a “one-stop shop for all things graduate education.”

Justin Cohen, a Ph.D. candidate at International Bible College and Seminary in Independence, Mo., has participated in #phdchat–No. 5 on the Daily Muse list–but he and his peers prefer to use the video conferencing tool GoToMeeting to communicate and share resources. “Students can gain from the experience [on Twitter],” he says, “but the question is ‘gain what?’”

[See how grad applicants use social media to bypass admissions offices.]

At Claremont Lincoln University in California, advisers generally recommend that students spend little time on social networks and “instead focus on getting published in peer-reviewed journals and presenting papers at conferences,” says theology doctoral candidate, Katherine Rand. Twitter chats would have to be issue-oriented, rather than broad, to be useful to grad students, she says.

Kelly Heuer, a Ph.D. candidate in philosophy at Georgetown University, has never participated in a Twitter chat, and most of the people she knows who have are bloggers or business owners. “Academic self-promotion is usually a far subtler enterprise, and a pretty uncomfortable one at that,” she says.

But Eric Schulman, a graduate public relations student at Georgetown, and Mohammad Arfeen, a biomedical sciences M.S. student at Rosalind Franklin University of Medicine and Science in Chicago, encourage graduate applicants and students to participate in Twitter chats.

“Twitter chats provide the opportunity to connect students and professionals from practically anywhere,” says Schulman. Twitter chats can be particularly beneficial for public relations, marketing, and advertising students, whose disciplines “pull heavily from relationship-building and communication,” he adds.

[Read a study claiming 2012 grad school alumni draw high salaries.]

Arfeen sees chats as a means to an end. “Chats are useful for figuring out who’s active on social media in a field, but if you want to establish a meaningful relationship … you’ll have to go out of the chat,” he says.

As the communications director at Syracuse University’s School of Information Studies, which hosts #CMGRchat for community managers, J.D. Ross has a horse in the race.

Twitter chats can help grad students “get a feel for what the real-world job or role entails” and introduce them to contacts who can help them get a foot in the door when they job hunt, he says.

Searching for a grad school? Get our complete rankings of Best Graduate Schools.

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Massachusetts pharmacy board head fired after meningitis outbreak

BOSTON (Reuters) – Authorities fired the director of the Massachusetts Board of Pharmacy after he failed to investigate a complaint against New England Compounding Center, the company at the center of a deadly U.S. meningitis outbreak, state officials said on Wednesday.

NECC is linked to a meningitis outbreak that has infected more than 400 people and caused 31 deaths.

Massachusetts officials said they uncovered a complaint against NECC by Colorado pharmacy regulators just months before the outbreak. The complaint, which said NECC was distributing drugs without patient-specific prescriptions, was forwarded on July 26 to James Coffey, director of the Massachusetts pharmacy board.

Coffey failed to order an investigation or take any other action on the Colorado complaint, the Massachusetts Department of Public Health‘s interim commissioner, Dr. Lauren Smith, said in a statement.

In the years before the outbreak, NECC escaped harsh punishment from the Massachusetts pharmacy board, raising questions about oversight of the customized drug mixing industry, state records released last month show.

Smith said Coffey has been terminated and the pharmacy board’s counsel, Susan Manning, has been placed on administrative leave pending the final conclusions of the investigation.

“It is incomprehensible that Mr. Coffey and Ms. Manning did not act on the Colorado complaint given NECC’s past, and their responsibility to investigate complaints,” Smith said in a statement. “Following the outbreak, staff also failed to disclose the existence of Colorado’s complaint to leadership at” the Department of Public Health.

Coffey was not immediately available for comment.

The Colorado State Board of Pharmacy shared information that showed NECC had distributed many drugs to many hospitals in Colorado between 2010 and 2012, but without patient-specific prescriptions. That was a violation of NECC’s Colorado and Massachusetts licenses, according to Smith’s statement. NECC was not immediately available for comment.

In 2011, during a routine inspection, Colorado inspectors found that NECC had participated in the unregistered/unlicensed distribution of prescription drugs in Colorado. As a result, Colorado issued a cease-and-desist order against NECC in April 2011.

“I find the actions of NECC reprehensible,” Smith said in the statement. “We have the right to expect that all companies producing medication for use in delivering health care to comply with laws designed to protect patient safety. But I also expect the staff charged with oversight to perform their duties to the highest standards. That failed to happen here.”

(Reporting by Tim McLaughlin; Editing by Gary Hill and Leslie Adler)

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How South Korea’s Dark Oscar Entry ‘Pieta’ Cut Out Producers, Investors

LOS ANGELES (TheWrap.com) – By his 15th film, Kim Ki-duk, the director of South Korea‘s Best Foreign Picture Oscar entry “Pieta,” was sick of money shaping his cinematic vision.

The director, who told an audience at the Landmark Theatre that he tries in his movies to ruthlessly dissect society with all its nuances and complexities, said he didn’t want Hollywood-type producers and investors telling him how to fashion his films.

“It’s very formulaic. Film dramas, action movies – the structure is very simple, in the end, good prevails over evil,” Kim told TheWrap‘s Steve Pond at the kickoff of TheWrap’s Foreign Screening Series Monday night. “I consciously have tried to get out of the major system. … Once I had money, after that I used my own money.

“I don’t want to have producers or investors tell me what to do,” he added. “I want to maintain the same autonomy.”

“Pieta” follows a local money lender‘s thuggish enforcer, whose life changes when a woman arrives claiming to be his mother. Notorious in his impoverished neighborhood for crippling shop-owners who are unable to pay back their debt and interest on time, Lee Kang-do soon loses his hard exterior as he experiences maternal coddling for the first time.

Before the projector started rolling, Pond – at Kim’s behest – warned the audience that the first 20 minutes would contain violence that may be difficult to stomach. Indeed, it was easy to see how Kim’s producers might try to dilute the disturbing images and scenes he shoots.

The film, Kim told the audience through a translator, cost $ 100,000 to make. It earned $ 1 million in Korea alone.

“I’m going to distribute half of that to my staff members,” he said. “And half will go to the next film.”

Kim, who began his career as a screenwriter and studied art for three years in Paris, sees himself as an everyman director, more interested in cinema than profits.

“Pieta” reflects the changing culture of his native land and the economic woes the global recession brought on Korea’s poor. In the film, high-rises sprout from one side of the city – the sort of neighborhood parodied in Psy’s “Gangnam Style” music video – the other is still congested with trash and small shacks.

He explained that in Korea’s capital of Seoul, Gangnam means “south of the river.” North of it, where the working-class lives, is Gang-buk.

“That’s where working-class, people like me, regular people, live,” he said. “There are two lifestyles and classes.”

Kim said his next movie will similarly critique 21st century life – with its speedy pace and rapid international trading – which he described as “cannibalistic.”

“My next film is again my question about, what is modern society?” he said. “I believe that modern society is some sort of cannibalistic society. Through money, money forms this huge structure.”

He said his future movies, like the past 18 he has made, will likely feature strong female characters, too.

“Korean women suffered a lot. It’s a long history of suffering,” Kim said. “Korean women are known for having very, very intense energy and warm motherly love. However their status and their images are not really intact. They’ve been harmed; they’ve been abused a lot.”

“Pieta” certainly doesn’t pull punches – the film features a rape scene, and numerous women are left weeping over their sons or husbands when Kang-do shatters their bodies.

“The images you see in my films, they make you uncomfortable, they’re violent, but that’s the reality,” he said.

But those images, he said, will almost certainly make his movie a longshot to land an Oscar nomination, something no Korean film has ever done. “If you look at the films that win, they are the ones that make you feel good,” he said. “My films are not like that.”

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Home repossessions ‘fall further’

8 November 2012 Last updated at 05:46 ET

The number of homes being repossessed has fallen to a five-year low, according to mortgage lenders.

The Council of Mortgage Lenders (CML) said there were 8,200 repossessions in the third quarter of 2012, the lowest quarterly number since 2007.

The figure was down from 8,500 in the second quarter of this year, and lower than the 9,600 repossessions recorded in the same period a year ago.

The CML said the number of borrowers in arrears was stable, at 159,100.

“Our figures show that good communication and effective arrears management by borrowers, lenders and money advisers are helping the vast majority of those with mortgage repayment problems,” said the CML’s director general, Paul Smee.

“The rate of repossession has continued to fall and it’s clear that lenders want to keep people in their homes.”

Downward trend

Last year, the CML forecast that 45,000 homes would be seized this year by mortgage lenders who had run out of patience with borrowers who were unable to repay their home loans.

However, only 26,300 properties have been repossessed in the first nine months of this year, 8% fewer than at the same stage of 2011.

The economy has been in recession for much of the past four years, with unemployment rising to its current level of just under 8%, but a number of factors have kept repossessions down.

Among them have been the record low level of interest rates that borrowers have to pay, as a result of the Bank of England’s decision to slash the bank rate to its historically low level of just 0.5%.

Lenders have been under pressure not to repossess properties unless it is genuinely a last resort; they also have to jump through many hoops to successfully obtain court permission to seize a borrower’s home.

Court actions fall

Unless there is a dramatic reversal of the current downward trend, which has been in place since the recent peak of repossessions in 2009, then repossessions for the whole of 2012 are likely to be about 35,000.

That would be lower than in any year since 2007, which was just before the onset of the international banking crisis and credit crunch.

That year, there were 25,000 repossessions in the UK.

A good indication that repossessions will keep on dropping gently comes from separate statistics published by the Ministry of Justice.

They show that the number of repossession actions started in the courts in England and Wales also fell again in the third quarter of the year.

There were 14,168 such claims started by lenders, which was slightly lower than in the second quarter and a continuation of the general downward trend in these numbers since the first half of 2008.

Court actions for repossession are now running at roughly half the level recorded four years ago.

Mark Harris, of mortgage broker SPF Private Clients, said: “While interest rates are expected to remain at 0.5% for the foreseeable future, some borrowers are still struggling to afford their mortgage, as living costs continue to rise and many lose their jobs.”

‘Lenders must continue to show forbearance and look after customers who are struggling by letting them switch to interest only, take payment holidays or extend their mortgage terms.”

BBC News – Business

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