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An inmate at a notoriously lax open jail was caught trying to smuggle a rabbit inside to keep as a pet. The prisoner at Hollesley Bay open prison in Woodbridge, Suffolk, is thought to have found the animal while outside on day release. He was able to bring the rabbit back inside the prison - nicknamed Holiday Bay because its laid-back regime - where convicts managed to build it a hutch and started treating it as a prison pet. Lax: The prisoner was able to bring a rabbit back inside Hollesley Bay open prison in Suffolk - nicknamed Holiday Bay by inmates Prison wardens eventually found and confiscated the rabbit, then gave it to a rescue centre. The inmate is thought to have found the rabbit roaming wild, as opposed to taking it from a previous owner. It is unclear whether the pet was kept in one prisoner's room or elsewhere in the jail.   More... Thief breaks INTO Suffolk jail through a skylight and steals £3,000 worth of cigarettes For

A senior U.S. Treasury official on Friday rejected proposals to recapitalize Fannie Mae and Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would potentially be on the hook. _0"> In remarks prepared for delivery to a housing conference, Treasury Under Secretary Mary Miller repeated the Obama administration's call for winding down the two government-controlled mortgage finance firms. "Critics of reform would suggest that we can simply recapitalize the GSEs and avoid difficult decisions around creating a new system," she said. "Even if truly rehabilitating the GSEs were possible, recapitalizing them adequately would take at least 20 years." (Reporting by Timothy Ahmann; Editing by Chizu Nomiyama )

In the struggle to explain this year's collapse in volatility and volume in financial trading, one newly-nominated culprit is central banks' intent to use every tactic available short of raising interest rates too soon. It sounded like a deeply contrarian view on Friday after comments by Bank of England Governor Mark Carney, but a study by analysts from market heavyweights HSBC this week argued that the use of macroprudential steps will make central bank interest rates in general less volatile in future. Implicitly that may mean markets see less marked swings. The global economy is right at the point, as the economic fates of Japan, Europe and the United States diverge, when an upturn in trading action could be expected due to the growing chances for arbitrage between future interest rates. Yet volatility, which traders depend upon for profits, is at rock bottom. Trading in currencies on the biggest platforms has fallen by a third to half in the past year; options contract

General Motors Co said on Friday it will recall 511,528 Chevrolet Camaro cars, mainly in North America, because a driver's knee can bump the key fob and turn it out of the "run" position, causing a loss of power. GM said it is aware of three crashes causing four "minor" injuries believed related to this issue. "The Camaro ignition system meets all GM engineering specifications and is unrelated to the ignition system used in Chevrolet Cobalts and other small cars included in the ignition switch recall," GM said in a statement. GM earlier this year recalled 2.6 million small cars because of an ignition switch failure, linked to at least 13 deaths. (Reporting by Bernie Woodall ; Editing by Meredith Mazzilli)

Thailand's military government lifted a curfew nationwide on Friday, citing the absence of any violence and the need to support the country's tourism sector. _0"> "As the situation has improved and there have been no incidents that can lead to violence ... and in order to improve tourism, the curfew will be lifted in all remaining provinces," the ruling military council said in a televised announcement. The curfew had been in place from midnight to 4 a.m. in 47 provinces including the capital Bangkok. It had lifted the curfew in 30 provinces, which include the country's main tourist hotspots, over the past week. (Reporting by Amty Sawitta Lefevre; Writing by Maertin Petty; Editing by Ron Popeski)

General Motors Co recalled 511,528 Chevrolet Camaros on Friday for an ignition switch problem similar to the defect linked to at least 13 deaths in Chevrolet Cobalts and other models. GM said it was aware of minor accidents but no fatalities from the Camaro, a sporty two-door car. It said the Camaro switch defect differed from the problem in the Cobalts, but a consumer advocate said GM still should have recalled the Camaros sooner. GM said a driver's knee could bump the Camaro key fob and move the ignition switch out of the "run" position, causing the engine to shut off. The earlier recall of Cobalts and other small cars involved an ignition switch in which a bump of the key fob could turn off the engine, disabling power steering and airbags. That defect, first observed by GM engineers in 2002, was not reported to consumers for years. Chief Executive Mary Barra in recent months overhauled the way GM handles safety recalls. The Camaro recall bloats the number of GM v

Britain could become the first major economy to tighten monetary policy since the 2008 financial crisis, Bank of England Governor Mark Carney has signalled, sending sterling shooting towards a five-year high against the dollar on Friday. British government bond yields soared, construction stocks tumbled and interest rate futures priced in a first hike by December after Carney said rates could rise sooner than markets had thought - his most hawkish comment to date. "There's already great speculation about the exact timing of the first rate hike and this decision is becoming more balanced," Carney said in a speech late on Thursday alongside British finance minister George Osborne. "It could happen sooner than markets currently expect." Few economists had expected rates to increase until the second quarter of next year given the central bank's previous guidance that there was plenty of scope for Britain's economy to expand further without causing infla