Boris Johnson will not run for President as he vows to renounce American citizenship February 15, 2015 Boris Johnson has ruled himself out of the running for one top political job – President of the United States. Johnson was born in New York, making him eligible for the Presidency, and holds dual nationality, but says he will give up his American passport. The London mayor said: “The reason I’m thinking I probably [...]
Putin has an upper hand – it is high time the West said enough is enough February 15, 2015 Vladimir Putin once said “There is no such thing as a former KGB man.” The problem in dealing with the present Russian Tsar is that he knows far more about our weaknesses than we do about his. Coming to maturity as a KGB officer in eastern Germany, the young Vladimir Putin’s tradecraft involved incessantly analysing [...]
General Election 2015: David Cameron’s approval rating at its highest for four years – poll February 15, 2015 He who laughs last in May will laugh the loudest, but David Cameron may allow himself a wry chuckle today after the results of a new poll put his personal rating at 41per cent, 18 points higher than that of Ed Miliband. According to the Opinium poll for the Observer, Cameron’s rating is the highest [...]
HSBC boss Stuart Gulliver memo: “Sometimes we failed to live up to standards expected by society” February 13, 2015 HSBC boss Stuart Gulliver has admitted in a memo to the bank's staff that it failed to live up to expectations, after it was accused of helping thousands of customers of its Swiss private banking arm to evade tax. Reuters reported today that the memo also indicated he had been called to give evidence to "lawmakers". [...]
Merkel refuses to budge on Greek debt repayments: “Europe’s credibility depends on us sticking to the rules” February 13, 2015 German Chancellor Angela Merkel has taken a hard line with Greece: the country's options are limited to completing all the requirements of the €172bn (£127.5bn) bailout or asking for an extension, she said last night. Ostensibly at least, there is no wiggle room for Athens, and no room for its preferred option of a revised [...]
Bank of England’s Mark Carney: Interest rate cut is possible as UK heads toward deflation February 12, 2015 Bank of England governor Mark Carney revealed yesterday that interest rates could drop even further below their historic low of 0.5 per cent, as the collapse in global oil prices drags Britain towards deflation. In a mandatory letter to chancellor George Osborne, Carney said that if “global activity continues to disappoint, or if low inflation [...]
Ukip’s Nigel Farage claims “corporatism” has made us “victims of the economy” February 12, 2015 Today, Nigel Farage spoke of the dangers of “corporatism” during a speech on Ukip's vision for the future of Britain. At Castle Point in Essex, where Ukip candidate Jamie Huntman is currently standing, Farage said the current system made us “victims of our own economy”, and that we are living under a “lethal [...]
Greece bailout deadline: ECB raises pressure for agreement but extends new loans to Greek banks February 12, 2015 Greek banks have been given an extra €5bn (£3.7bn) worth of emergency loans by the European Central Bank (ECB). The decision was made during a phone call between members of the bank's governing council earlier today, and will take the country's emergency funding up from €60bn (£44bn) to €65bn (£48bn). "It is key that [...]
Ukraine crisis: Vladimir Putin announces ceasefire after Minsk talks February 12, 2015 Russian President Vladimir Putin has announced that a ceasefire for eastern Ukraine will begin on 15 February. The announcement comes after marathon talks in Minsk, which swayed between reports a deal could be imminent and claims that Russia's terms were unacceptable. With the news comes an announcement from the IMF, which reported it would replace [...]
Ukraine crisis: Valdimir Putin and Petro Poroshenko agree to sign joint document – reports February 12, 2015 It had seemed could be light at the end of the tunnel for Ukraine. After marathon peace talks in Minsk involving Russian President Vladimir Putin, Belarussian President Alexander Lukashenko, German Chancellor Angela Merkel, French President Francois Hollande, and Ukrainian President Petro Poroshenko it was reported that both Putin and Poroshenko would sign a joint document; offering [...]