Tag: Featured

    The lone gunman who killed nine people and wounded a further 21 at a shopping center in Munich before shooting himself was an 18-year-old German of Iranian descent, police have said. Munich police had declared a cautious “all-clear” Friday night following a mass shooting in the shopping centre. The attack sparked a manhunt that shut down the entire city, as security forces hunted for a number of suspected attackers. However, police confirmed in a press conference that the shooter had acted alone, and was dead. A 15-year-old girl was among the dead, and several injured youngsters have been admitted to children’s hospitals in Munich, local media reported. Police stopped trains, buses and trams, closed highways to private cars and ordered citizens to stay in their homes as th...

    The more time goes by, the more plausible it becomes that the UK may never actually leave the European Union. Leaving the EU is so difficult, and the consequences are so economically damaging, that it may be easier for prime minister Theresa May's government to endlessly delay the process rather than to actually leave. Morgan Stanley economists Jacob Nell and Melanie Baker published a fascinating note to investors this morning in which they attempt to figure out how the UK will actually leave the EU, and what the UK's post-Brexit relationship with Europe will look like. Nell and Baker do not make any specific predictions about how the UK will leave the EU, but they do point out two key facts: • The EU will not give the UK a deal in which Britain gets access to the single m...

    Theresa May was warned by the French president, François Hollande, at their first meeting in Paris that the UK cannot expect access to the single market if it wants to put immigration controls on EU citizens. At a joint press conference in the Élysée Palace, Hollande made it clear that the new British prime minister was facing a choice about whether to accept free movement of people in return for free trade. Standing next to May and speaking in French with an official translator, he said: “It’s the most crucial point. That’s the point that will be the subject of the negotiation. “The UK today has access to the single market because it respects the four freedoms. If it wishes to remain within the single market it is its decision to know how far and how it will have to abide...

    The coup attempt in Turkey was thwarted thanks to intel provided by Tehran and Moscow, according to several Arab news outlets. Iran’s Fars News Agency (FNA) and news outlets in Syria reported that government officials in Ankara revealed that Erdogan “received a warning” from Russia hours before the attempted coup. In addition, it was reported that Erdogan consulted the Iranian government on how to thwart the coup. According to the reports, senior level Russian officials told Erdogan last Friday, hours before the coup, that an inevitable military attempt to overthrow him will take place in the near future. Russian military officials stated that encoded and highly sensitive messages that were sent to and from Turkish military officials indicating that the Turkish army was pl...