General Mills’ revenue slides as customers choose fresh options June 29, 2016 US food giant General Mills most recent quarter revenue decline was less steep than analysts had expected. General Mills, which makes Haagen-Dazs ice cream and Cheerios cereal, is trying to get into shape as consumers opt for healthier food. The company reported a profit of $379.6m (£282.6m) over the past three months, up from $186.8m [...]
Explosions rock Istanbul airport: At least 41 dead and dozens injured June 29, 2016 A Turkish official has said Islamic State (Isis) is likely responsible for a triple suicide bombing attack which killed at least 41 people and left many more wounded at Ataturk Airport in Istanbul, Turkey, on Tuesday. Officials have said that 23 Turkish citizens and 13 foreign nationals were killed in the attacks. Turkey's Prime Minister Binali Yildirim said three suicide [...]
Britons started looking for overseas jobs as soon as the Brexit vote result came out June 28, 2016 Wanderlust workers pondering the UK's pro-Brexit vote caused a spike in overseas job searches in the immediate aftermath of the referendum last week. From the announcement of the pro-Brexit referendum result on Friday morning, searches out of the UK doubled as a share of those looking, according to global job hub Indeed. "Last week the majority of British [...]
Ryanair urges European Commission to stop French strikes as it cancels 166 flights June 27, 2016 Budget airline Ryanair is urging the EU to take action after the latest airline strike orchestrated by French air traffic control unions. It comes as the low cost carrier was forced to cancel 166 flights to, from and over France tomorrow. It said that 30,000 Ryanair customers will have their flights cancelled, while over 100,000 others will [...]
Donald Trump has said Brexit is a “great thing” during a visit to his revamped golf resort in Scotland June 24, 2016 The Republican presidential hopeful Donald Trump lauded the UK's decision to leave the European Union as a "great thing" in a visit to Scotland today and said the people of Britain had "taken back their country". His comments came after he touched down in Ayrshire this morning to attend the opening of his revamped, £200m Turnberry Golf Resort. [...]
Barack Obama: UK and EU will remain “indispensable” allies of the US after Brexit June 24, 2016 Barack Obama has committed the United States to work closely with both the United Kingdom and the European Union in the wake of the the historic vote for Brexit. The President of the US, who said the UK could be sent to the "back of the queue" for trade negotiations if it decided to leave, said [...]
Angela Merkel: Europe will stand together June 24, 2016 German Chancellor Angela Merkel has echoed European Commission president Donald Tusk, saying Europe "will stand together". "The EU is one of the world's largest economic areas, a guarantor of peace and stability," she said. "We must engage with the world. I believe the world will stand united." Her words came after Tusk said he was "determined" to hold [...]
Saudi may resume swing producer status once the oil market recovers June 22, 2016 Saudi Arabia could resume its mantle as the world's major swing producer, with the ability to determine oil prices, once the battered global market has recovered. The de facto Organisation of Petroleum Exporting Countries (Opec) leader effectively abandoned this role in 2014, as it kept production steady despite tumbling crude prices to crush the emergent US shale [...]
Brexit braying leaves Brits hunting for breaks as holiday searches for 23 June soar 35 per cent June 22, 2016 Brits are becoming bored of Brexit as holiday searches for 23 June climb by 35 per cent over last year. Data from Hotels.com shows an increase in holiday searches over last year, with destinations in Europe topping the ranking increases. Searches to Barcelona are up by almost 100 per cent on this time last year. There has been a [...]
As the populist Five Star Movement takes power in Rome and Turin, is it time to worry about Italy again? June 21, 2016 Dr Edoardo Bressanelli, lecturer in European politics at King’s College London, says Yes. While it’s true that these elections were only mid-term local elections, where parties in government lose support and local factors play an important role (like corruption scandals in Rome), they represented a clear defeat for the centre-left Democrats and leader Prime Minister Matteo [...]