Manhattan explosion injuring 29 not “international terrorism” says NY governor September 18, 2016 An explosion in Manhattan which injured at least 29 people, one of them seriously, in the late hours of Saturday evening is not being treated as an international terrorism incident at this stage. Authorities believe the bomb was placed intentionally but is not terror related, and New York governor Andrew Cuomo said there was no evidence of an "international [...]
Britain to veto establishment of an EU army September 17, 2016 Britain will block the creation of an army for the European Union, the defence secretary Michael Fallon has said. Speaking to The Times, Fallon said the EU's plan to create a "common military force" is "not going to happen". Read more: UK will play bigger role in Nato after Brexit, says defence secretary France and Germany have [...]
Donald Trump accused of inciting violence against Hillary Clinton September 17, 2016 Presidential candidate Donald Trump has continued his controversial campaign for the White House, saying his rival Hillary Clinton should let her bodyguards disarm so the nation can "see what happens to her" when she is unprotected. Robby Mook, Clinton's campaign manager, said the comment amounted to "inciting people to violence". Read more: Should markets worry about the state of [...]
Why the Single Market is the problem – not the solution September 16, 2016 With UK exports at £669bn in 2015, it hardly needs to be said that trade is critical to the UK economy. Despite this huge number, however, the UK has the largest current account deficit in the G7, approaching 6 per cent of GDP. Understanding the reasons for the UK’s trade deficit is critical to designing [...]
Shares in European lenders finish lower after Deutsche Bank is asked to pay $14bn over mortgage-backed securities claims September 16, 2016 Shares in British banks finished at the bottom of the FTSE 100 after Deutsche Bank after it admitted it had been asked to pay a massive $14bn (£10.6bn) fine by the US Department of Justice (DoJ). Shares in the lender were down 8.5 per cent at €11.99, its worst day of trading since the day after the Brexit vote, after it said in [...]
RIP Grexit? Citi says it no longer believes Greece will leave the EU September 16, 2016 Remember Grexit, the EU-changing event that didn't happen before Brexit did (almost) happen? Citi, the lender whose chief economist coined the term, has said it is now so unlikely it is removing it from its baseline scenario. RIP Grexit. In a note today analysts said although bailout negotiations between Greece and its so-called troika of creditors – the [...]
Julian Assange: Sweden’s court of appeal refuses to “set aside” Wikileaks founder’s rape case September 16, 2016 Sweden's court of appeal has turned down a bid by Wikileaks founder Julian Assange to have his case "set aside". The court said no new information had emerged in a long-standing legal deadlock between Assange and Swedish authorities, who want to question him over allegations he committed rape in 2010. In a statement, the court said: "The [...]
US interest rates: Weak data boosts case for another delay from the Fed September 15, 2016 The US has posted another uninspiring set of economic data, suggesting the slowdown in the world's most important economy is set to continue. Official figures on the manufacturing sector, retail sales and factory prices all came in below expectations this afternoon, just days before the US Federal Reserve is scheduled to vote on whether to [...]
The UK’s bonus system among the world’s most unfair – CIMA September 15, 2016 The UK’S bonus system is not fair a survey from the Chartered Institute of Management Accountants (CIMA) has revealed. It found the UK has the second-least meritocratic bonus system in the world with bonuses causing resentment among two-thirds (35 per cent) of UK firms. Only the United Arab Emirates faired worse than the UK, with 42 [...]
US Presidential Election 2016: Would a Donald Trump presidency lead to a stronger US dollar? September 14, 2016 Currency analysts have suggested a Donald Trump presidency could cause the US dollar to strengthen. A Trump victory in November's election is expected to spook investors around the world, leading to an exodus from emerging markets and into safer assets, such as the US dollar and Japanese yen, analysts at Societe Generale and Nordic bank SEB. [...]