Saturday, November 27

Day: October 27, 2016

UK economy grows since Brexit vote
ENGLISH, United Kingdom

UK economy grows since Brexit vote

    The UK economy grew by 0.5% in the three months after the Brexit vote, the Office for National Statistics has said. The figure for July to September was down from the 0.7% growth recorded in the second quarter of 2016 - the months before Britain voted to leave the European Union. But it is more robust than many economists had expected - and stronger than the 0.2% forecast last month by the Bank of England (BoE). Sky's Economics Editor Ed Conway said: "These are relatively punchy numbers. I think these numbers will be something of a surprise to the City and they will be reassuring to many people who thought that Brexit decision was going to hit confidence, spending and activity in the economy." The higher-than-expected GDP figure was driven by the services sector - which ac...
PM Theresa May under fire for secret talk of Brexit fears
ENGLISH, United Kingdom

PM Theresa May under fire for secret talk of Brexit fears

    PM Theresa May has come under intense criticism from politicians across the UK and Europe after it emerged that she had warned of the dangers of Brexit in a private talk at Goldman Sachs a month before the referendum vote. The prime minister was accused by a string of MPs, headed by Jeremy Corbyn, of ignoring her own concerns about the risks of leaving the single market, as revealed in her remarks to City bankers that were leaked to the Guardian on Tuesday night. In Germany, politicians from both governing parties accused May of failing to show leadership. They said her remarks demonstrated that it would be impossible to leave the European Union without economic consequences. Corbyn attacked May for failing to set out her plan for Brexit to the British people as clearly as...
A powerful earthquakes hit Italy shaking Rome’s ancient ruins
ENGLISH, Europe

A powerful earthquakes hit Italy shaking Rome’s ancient ruins

    A series of strong earthquakes have hit Italy shaking Rome's World heritage ancient buildings including the Colosseum and Pantheon. Three quakes were felt, several hours apart, across a wide central area of the country. The first tremor was a 5.4 on the Richter scale, the second 6.1 and the third 4.9, according to the United States Geological Society The earthquakes struck near the border between the regions of Marche and Umbria, but the epicentre is still unclear. They was also felt in Rome where local media reported some of Rome's ancient structures were shaken. The Mayor of the town of Ussita, Marco Rinaldi, said: "It was a very strong earthquake, apocalyptic. "People are screaming on the street and now we are without lights. "Many houses have collapsed. Our town is fin...
Formar PM Margaret Thatcher’s Big Bang could protect the City from Brexit
ENGLISH, United Kingdom

Formar PM Margaret Thatcher’s Big Bang could protect the City from Brexit

    When Alasdair Haynes walked onto the market floor of the London Stock Exchange to start a new week one morning exactly 30 years ago today, he was greeted by an eerie sight. The 26-year old, who worked in traded options for stock jobbing firm Pinchin Denny, was accustomed to the usual hustle and bustle of the trading floor. But on Monday October 27, 1986, the LSE had suddenly become a “ghost town”. “We were one corner of the London Stock Exchange,” Haynes, who now runs share trading venue Aquis Exchange, recalls of his time working at the exchange in traded options. “Ninety percent of [the LSE] was filled with jobbers’ booths and brokers all walking around and the runners running around. “And then we all walked in on the Monday morning and there was the traded options marke...
Afghan girl made famous by National Geographic photo arrested on corruption charges
Asia, ENGLISH

Afghan girl made famous by National Geographic photo arrested on corruption charges

    The Afghan girl whose piercing eyes made her famous when her photo appeared on the cover of National Geographic magazine has been reportedly been arrested on suspicion of corruption. Sharbat Gula, photographed as a 12-year-old inhabitant of a refugee camp in 1984, now faces the possibility of spending 14 years in jail, it was reported. She was arrested at her home in Peshawar, Pakistan, on Wednesday by Pakistan’s Federal Investigation Agency (FIA) in Peshawar, Pakistan, the Dawn newspaper said. Quoting “FIA sources,” the Pakistani newspaper said she was suspected of forging a computerised national identity card. The extraordinary twist in Ms Gula’s story was, some commentators suggested, an episode which highlighted the desperate measures many Afghans are willing to take t...