Saturday, November 27

Day: October 3, 2016

Theresa May sets Brexit deadline: 16 month high and pound plunges below $1.29 as FTSE 100 hits
ENGLISH, United Kingdom

Theresa May sets Brexit deadline: 16 month high and pound plunges below $1.29 as FTSE 100 hits

    SVG unveils 'white knight' talks with Goldman Sachs SVG Capital has confirmed it is in talks with several rival suitors including Goldman Sachs about a possible takeover, in a move that it hopes could fend off a hostile bid from the American investment house HarbourVest. The FTSE 250-listed private equity specialist, which rejected HarbourVest’s £1bn proposal last month, has been searching for a “white knight” bidder that could make a better offer. SVG said it has begun “detailed discussions” with Goldman Sachs alongside the Canadian Pension Plan Investment Board, while also speaking to another unnamed company that is seeking a partner to make a joint bid. A third party, also unnamed, “may be interested in considering an offer”, SVG said. The firm plans to update its share...
The world’s oldest library is about to reopen in Morocco
Arab world, ENGLISH

The world’s oldest library is about to reopen in Morocco

    The ancient capital of Morocco holds a precious literary secret. Tucked away in Fez's old medina quarter, one of humanity's most important buildings is currently undergoing a rigorous restoration. The al-Qarawiyyin library is thought to be the oldest in the world and will open its doors to the public for the first time next year. Founded in 859 by Fatima al-Fihri, daughter of a wealthy Tunisian merchant, the library, along with the mosque and the university that share its name, formed the cultural heart of the ancient capital. All these centuries later, a woman is once again influencing its legacy. Aziza Chaouni, a Fez native based in Toronto, is the architect supervising its restoration. "We knew where it was more or less, but could not enter. It was this big, mysterious ...
Boris mistakenly calls Africa at Conservative conference
ENGLISH, United Kingdom

Boris mistakenly calls Africa at Conservative conference

    Boris Johnson mistakenly called Africa a country instead of a continent as he spoke at the Tory conference today. The Foreign Secretary misspoke as he suggested to Conservative Party members that increases in life expectancy in African countries such as Ethiopia could largely be attributed to UK foreign aid spending. He said: For all its difficulties, life expectancy in Africa has risen astonishingly as that country has entered the global economic system. In 2000, the average Ethiopian lived to only 47 - it is now 64 and climbing; in Zambia the increase has been from 44 years to 60 years. Boris Johnson calls Africa a country in slip-up at Conservative conference "In 1990, 37% of the world's population lived in poverty that is now down to only 9.6% today. I think we, with o...
Kim Kardashian being robbed at gunpoint in exclusive hotel in France
ENGLISH, Europe

Kim Kardashian being robbed at gunpoint in exclusive hotel in France

    US reality TV star Kim Kardashian West has fled the French capital after being robbed at gunpoint in an exclusive hotel by a gang posing as police officers who stole up to ten million euros worth of jewellery. Sources close to Kardashian West, who is married to the US rapper Kanye West, said she was left "badly shaken but physically unharmed." A police source told AFP that Kardashian West left Paris on Monday morning after being questioned about the robbery. Unconfirmed French media reports said the masked robbers, who were disguised as police officers, found Kardashian West in the bathroom when they struck. They are said to have tied her up before fleeing with an estimated 10 million euros (£8.6m) in valuables. The gang had kidnapped and handcuffed a night guard who led t...
Hard and harsh Brexit after Theresa May revealed Article 50
ENGLISH, United Kingdom

Hard and harsh Brexit after Theresa May revealed Article 50

    Senior Tories have warned against a hard and harsh Brexit after Theresa May revealed Article 50 would be triggered by March next year. Commons Education Committee chair Neil Carmichael and former minister Anna Soubry both stressed the importance of the single market and warned a “hard Brexit” - with the UK outside the free trade zone - would damage the economy. Hours after the PM finally announced her timetable for exiting the EU, Carmichael told pro-Europe Tories the country must avoid a damaging Brexit “at all costs”. “We would be unwise to challenge the democratic view but we would be reckless if we did not challenge some of the consequences of a hard or harsh Brexit,” he told members of the Conservative Group for Europe. “Because we have got to understand that if it is...