Friday, October 9

Tag: Featured

Brexit: Obama tries to quell fears of a global political fall out from the EU referendum
25Jun By Sumon AdminNo Comments
America, ENGLISH

Brexit: Obama tries to quell fears of a global political fall out from the EU referendum

    US President Barack Obama has sought to quell fears about the global fall-out from the EU referendum, telling an audience in California that, despite British voters deciding to leave the EU, “One thing that will not change is the special relationship between our two nations. That will endure.” Appearing at Silicon Valley’s annual Global Entrepreneurship Summit, Mr Obama said he had already spoken by phone to David Cameron and to Angela Merkel, the German Chancellor. “Our economic and financial teams will remain in close contact as we stay focused on ensuring economic growth and financial security,” he said. Full EU referendum coverage on our dedicated page PA Results map The President, who had argued for Britain to remain in Europe during a recent visit to the UK, said the...
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Pound, Asia markets collapse as Britain quits EU
24Jun By Sumon AdminNo Comments
ENGLISH, Europe

Pound, Asia markets collapse as Britain quits EU

    The pound collapsed to a 31-year low and there was pandemonium on currency, equity and oil markets today as Britain voted to leave the European Union, fuelling a wave of global uncertainty. Sterling crashed 10 percent to $1.3229 at one point, its weakest level since 1985, while the greenback itself slumped below 100 yen for the first time in two-and-a-half years as traders fled to safety. In the weeks leading up to yesterday's historic vote, there had been widespread warnings that a "Brexit" would cause a rout across global markets that would wipe trillions off valuations, just months after a painful China-fuelled sell-off. The doomsday scenario appeared to be playing out as markets suffered one of their worst days since the 2008 financial crisis after final results confir...
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Boris Johnson BOOED by angry crowd outside his home after Leave campaign triumph in Brexit vote
24Jun By Sumon AdminNo Comments
ENGLISH, United Kingdom

Boris Johnson BOOED by angry crowd outside his home after Leave campaign triumph in Brexit vote

    Boris Johnson was booed as an angry crowd gathered outside his home following this morning's Brexit vote. The Brexit backer was protected by police as he was bundled into a blacked-out people carrier. Reporters had been expecting some triumphant words from the Leave campaign's most high-profile figure but Boris dashed from his front door and into the car before driving off. A large crowd audibly booed before shouting "scum" and "traitor" at the former Mayor of London and banging on the windows of his car as he sped away. Just yards down the road his vehicle was then blocked in by dozens of cyclists who continued to taunt the 52-year-old. The nation is waking up to the shock Brexit vote after the Leave campaign secured as 52 per cent vote against the predictions of pollster...
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How Brexit will impact Britain, Europe: Top 5 questions
24Jun By Sumon AdminNo Comments
ENGLISH, United Kingdom

How Brexit will impact Britain, Europe: Top 5 questions

    Britons voted in a referendum today to leave the European Union. Following are answers to key questions on what will happen next in Britain's relations with the bloc: 1. What does it all mean? The EU is in shock and entering uncharted territory. No member state has ever left and Article 50 of the EU treaty, which sets out how a state can exit the bloc, offers little detail. Although it provides a sketchy legal framework for a two-year period of withdrawal (see below), many fear the process can quickly become acrimonious, disrupting the economy and European affairs across the board. Cameron has said he will notify the Union "immediately" that Britain is leaving by invoking Article 50. But it is not clear how quickly Britain will set that two-year clock ticking and the EU it...
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Britain and EU: An awkward marriage headed for divorce
24Jun By Sumon AdminNo Comments
ENGLISH, United Kingdom

Britain and EU: An awkward marriage headed for divorce

    Britain's break-up with Europe would be the culmination of decades of half-hearted and often hostile relations with neighbouring countries. The nation's rocky ties with the EU are rooted in its island history and defiant sense of independence. Some Britons still recall with pride that they were last successfully invaded in 1066. The nation's resistance to the Nazis in World War II is also central to British identity, particularly for older voters. "Britain has never really internalised the European project because of its very different history during the 20th century -- it is less frightened of the consequences of leaving," Robert Tombs, a history professor at Cambridge University, told AFP. Britain's resistance to the Nazis in World War II is also central to British ident...
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David Cameron to quit after UK votes to leave EU
24Jun By Sumon AdminNo Comments
ENGLISH, United Kingdom

David Cameron to quit after UK votes to leave EU

    Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War II. Global financial markets plunged as results from Thursday's referendum showed a near 52-48 percent split for leaving. The pound fell more than 10 percent against the dollar to levels last seen in 1985, its biggest one-day fall in history, on fears the decision could hit investment in the world's fifth-largest economy, threaten London's role as a global financial capital and usher in months of political uncertainty. European shares plummeted more than 8 percent, headed for their biggest ever one-day fall. Billions of dollars were wiped off European banks' market value, with Britain's ...
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UK population rises by more than half a million to 65.1m
23Jun By Sumon AdminNo Comments
ENGLISH, United Kingdom

UK population rises by more than half a million to 65.1m

    The population of the UK increased by more than half a million in a year, official estimates have revealed. Natural growth - more births than deaths - of 171,800 and net international migration of 335,600 helped push the number of people living in the country to 65.1 million as of the middle of 2015. This was an increase over the year of 513,000, or 0.8%. The Office for National Statistics said the rise was similar to the average annual increase seen over the last decade. Population change due to the difference between births and deaths is at its lowest level since the year to mid-2006. The ONS said: "The number of births has decreased on last year's figure and is below the average for the period, while there was an increase in the number of deaths since last year, partly ...
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EU referendum: Australian businesses join Remain campaign
23Jun By Sumon AdminNo Comments
ENGLISH, United Kingdom

EU referendum: Australian businesses join Remain campaign

    Australian business leaders have offered their support to the Remain' campaign, warning that a Brexit would generate financial instability in global markets. As Britons head to the polls on Thursday (23 June) for a historic vote which will shape the UK's future in the European Union, David McCredie, the chief executive of the Australian British Chamber of Commerce, urged them to vote to remain in the union. "There's a great deal of uncertainty and in the business environment," he said, adding 54% of the Chamber's members support the UK remaining in the EU. "Businesses love certainty, markets love certainty, and that sort of instability [from a Brexit] would be damaging and possibly crippling to the UK economy." The vote could also have huge implications for many businesses...
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Turkish Foreign Minister: Removal of Gaza siege remains a demand for reconciliation agreement
23Jun By Sumon AdminNo Comments
Arab world, ENGLISH

Turkish Foreign Minister: Removal of Gaza siege remains a demand for reconciliation agreement

    The Turkish Foreign Minister stated today that Ankara will not back down from its demand to lift the blockade on Gaza. Turkish Foreign Minister Mevlut Cavusoglu declared today (Thursday) that his country will not back down from the condition it set for the signing of an reconciliation agreement- the lifting of the siege on Gaza. Despite the talks between the Turkish and Israeli sources, Cavusoglu clarified that the lifting of the blockade is a necessary condition for normalizing the relations between the two countries. Cavusoglu’s statement comes after it was reported by Turkish news agencies that the two sides have reached a compromise, according to which Israel will allow Turkish aid for building hospitals and restoring infrastructures into the Gaza Strip. It was also re...
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Banks on high alert as City sets up war rooms and fills cash machines
23Jun By Sumon AdminNo Comments
ENGLISH, United Kingdom

Banks on high alert as City sets up war rooms and fills cash machines

    Major banks are preparing for two days of unprecedented uncertainty by stuffing cash machines full of money, placing senior bankers on high alert in emergency war rooms around the City and switching off computer-driven “black box” trading systems to avoid incurring huge losses in violent swings in shares, bonds and currency markets. With uncertainty about the precise moment the outcome of the EU referendum will be known, dealing rooms are opening across the City on Thursday night and into Friday morning to allow trades to be executed for customers needing to respond to the results of the 382 polling areas as they start to be announced. Unlike a general election, no exit polls have been commissioned by broadcasters and the first results are expected at 12.30am on Friday and...
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