Saturday, November 27

Day: October 25, 2016

Pound falling and rising inflation fuel fears
ENGLISH, United Kingdom

Pound falling and rising inflation fuel fears

    An exchange rate sign in Paris The British economy’s post-Brexit vote bounce is losing momentum as the weak pound and higher inflation herald a squeeze in living standards, according to a Guardian analysis. Although official growth figures to be published on Thursday are likely to show the economy will avoid recession in the second half of the year, the latest Guardian analysis of the post-referendum economy shows a more mixed picture. The most notable shift over the last month was a further sharp fall in the value of the pound. Against the dollar, the pound is lingering around the $1.22 mark – about 18% lower than on 23 June, the day of the referendum. At one point a “flash crash” in the currency markets pushed the pound briefly to about $1.15. It quickly recovered, but t...
Donald Trump faces foreign donor fundraising scandal
America, ENGLISH

Donald Trump faces foreign donor fundraising scandal

    Republican U.S. presidential nominee Donald Trump’s presidential campaign is facing a fundraising scandal after a Telegraph investigation exposed how key supporters were prepared to accept illicit donations from foreign backers. Senior figures involved with the Great America PAC, one of the leading "independent" groups organising television advertisements and grassroots support for the Republican nominee, sought to channel $2 million from a Chinese donor into the campaign to elect the billionaire despite laws prohibiting donations from foreigners. In return, undercover reporters purporting to represent the fictitious donor were assured that he would obtain “influence” if Mr Trump made it to the White House. Last week Eric Beach, the PAC’s co-chairman, confirmed to the repo...
Theresa May deeply frustrating about Brexit
ENGLISH, London

Theresa May deeply frustrating about Brexit

    Theresa May faced anger from Nicola Sturgeon and ridicule from some Tory MPs as she refused repeatedly to give more details of what Brexit would look like. Scotland’s First Minister came out of Downing Street talks to declare that the Prime Minister’s stance had been deeply frustrating. After two hours of talks, an exasperated Sturgeon told reporters: I don’t know any more now about the UK Government’s approach to the EU negotiations than I did before I went in to the meeting. Andrew Tyrie, the Tory chairman of the Treasury Select Committee, later warned May that her policy of “saying as little as possible” would damage the UK’s economy as firms quit for more stability overseas. And as No.10 revealed that there would be a Commons debate on Brexit “before Christmas”, former...
Saudi groom divorces wife two hours after wedding
Arab world, ENGLISH

Saudi groom divorces wife two hours after wedding

    A groom in Saudi Arabia filed for divorce two hours after he married his bride when she shared wedding pictures on Snapchat. The husband abruptly ended the marriage after the wife broke an agreement not to upload pictures from the ceremony, local media reported. The quick divorce sparked a huge row between the families of the bride and groom with relatives arguing the deal was unfair. The bride’s brother told Saudi daily Okaz: There was a prenuptial agreement between my sister and her fiancé that she would not use social-media applications such as Snapchat, Instagram or Twitter to post or send her pictures. It was included in the marriage contract and became binding. Regretfully, my sister did not honour the pledge and used Snapchat to share pictures from the wedding cerem...
Russia reveals chilling first images of super nuke Satan 2
ENGLISH, Europe

Russia reveals chilling first images of super nuke Satan 2

    Russia has revealed its biggest ever nuclear missile which is powerful enough to destroy a country as big as France with a single strike. Vladimir Putin is seeking to replace his arsenal of SS-18 Satan weapons with the new RS-28 Sarmat super-nukes. They are packed with up to 16 nuclear warheads according to pictures revealed online from the Makeyev Rocket Design Bureau. The weapons – which will be ready for launch in 2018 – will make the bombs dropped on Hiroshima and Nagasaki look like “popguns”, experts have said. A message posted alongside the picture said: “In accordance with the Decree of the Russian Government 'On the State Defense Order for 2010 and the planning period 2012-2013', the Makeyev Rocket Design Bureau was instructed to start design and development work o...
Heathrow runway gets green light in truly momentous move
ENGLISH, London

Heathrow runway gets green light in truly momentous move

    A third Heathrow runway has been given the go-ahead, the Government has confirmed. Proposals to expand an existing runway at Heathrow or build a second runway at Gatwick were rejected Transport Secretary Chris Grayling said: "The step that Government is taking today is truly momentous. "I am proud that after years of discussion and delay this Government is taking decisive action to secure the UK's place in the global aviation market - securing jobs and business opportunities for the next decade and beyond." Mr Grayling said expanding the west London hub will improve connectivity in the UK and with the rest of the world, supporting exports, trade and job opportunities. He went on: " This isn't just a great deal for business, it's a great deal for passengers who will also be...