Tuesday, February 20

Day: September 20, 2016

The penny will be scrapped as Mark Carney says
ENGLISH, United Kingdom

The penny will be scrapped as Mark Carney says

    Mark Carney, the Governor of the Bank of England, has told a group of children that he expects the penny to be scrapped shortly. He was being filmed for a BBC TV show, and was asked about the future of the penny by one of the children. He responded that he thought its days were numbered, because it wasn't worth very much. So what will this mean for you? On one level, it's not a major issue. If the penny was scrapped, anything priced at 1p would see the price increase, but very few things actually cost 1p nowadays - even penny sweets now cost around 5p. A study back in 2012 found that 50% of people would be perfectly happy to do away with coppers altogether, and round up or down to the nearest 5p. The same study found that one in ten people admitted they regularly threw cop...
Russia could attack Europe
ENGLISH, Europe

Russia could attack Europe

    Europe could be at risk A former NATO chief has warned Europe could be at the mercy of an imminent attack from Russia with no defence plans to repel an invasion. General Sir Richard Barrons claimed Russia could deploy warplanes, ships and troops on European soil within 48 hours if it desired, with NATO some months away from an effective counter-strike. The former chief of Joint Forces Command warned that the failure of countries such as France, Germany and Italy to take the threat of Russian aggression seriously could lead to a loss of land, sea and airspace. Countries bordering the country, led by president Vladimir Putin, are concerned about the threat from their neighbour, not a priority for southern and central states. The majority of the EU bloc is focussed on the hei...
Brexit Issue: Banks can cope with loss of EU passports
ENGLISH, United Kingdom

Brexit Issue: Banks can cope with loss of EU passports

    The City of London will be able to cope with the loss of banks passporting rights if Britain leaves the EU’s single market, according to an influential credit rating agency, assuaging fears that the UK’s financial services sector will be crippled by Brexit. EU passports allow lenders and other financial companies to operate across the 28-nation bloc without having to secure approval for access to each country individually. Opponents of Brexit have argued that losing passporting rights would deal a heavy blow to London’s status as a global financial centre that gives banks around the world access to the EU. However, in a boost to the City, analysts at Moody’s Investors Service have largely dismissed concerns that London would be unable to withstand the consequences of the U...
Ahmad Khan Rahami Suspect Charged With Attempted Murder of Cops in NY Bombings
America, ENGLISH

Ahmad Khan Rahami Suspect Charged With Attempted Murder of Cops in NY Bombings

    Ahmad Khan Rahami, earlier named a person of interest in the weekend explosions in New York City and New Jersey, has been charged with five counts of attempted murder of a law enforcement officer. He is also charged with second-degree unlawful possession of a weapon and second-degree possession of a weapon for an unlawful purpose. Rahami was taken into custody and hospitalized this morning after a shootout with police in Linden, New Jersey, the Union County acting prosecutor said today. He has been "directly linked" to the devices used in the New York and New Jersey explosions on Saturday, FBI official Bill Sweeney said. New York City Mayor Bill de Blasio said this afternoon there is "every reason to believe this was an act of terror." But there is "no indication that ther...
Refugees and migrants housands flee migrant camp after deliberate fire
ENGLISH, Europe

Refugees and migrants housands flee migrant camp after deliberate fire

    Refugees and migrants stand at the closed gate of the Moria migrant camp, after a fire at the facility, on the island of Lesbos, Greece, September 19, 2016 Up to 4,000 people have fled one of the main migrant camps on the Greek island of Lesbos after a large fire broke out. Police said there was "no doubt" it was lit deliberately by some of those inside the Moria facility and the blaze was getting worse because winds were fanning the flames. No one was believed to have been injured in the fire which damaged tents and housing units. But among those who had to evacuate the camp were 150 youngsters who were moved to a children's village on Lesbos. Some 5,400 migrants and refugees live on Lesbos - the main destination for over a million people who made it to Greece's eastern i...