Obama’s got it right: Why it’s in the West’s interest to help the Kurds out August 11, 2014 “All that is necessary for the triumph of evil is that good men do nothing.” For the second time in this doleful summer, the Islamic State (IS) has astounded the world. Following its stunning success in June – snatching and then consolidating territorial gains in eastern Syria and western Iraq into a terrorist state the [...]
City & Gild: Boris Johnson, the brand ambassador August 8, 2014 I was watching a black & white film the other day (who needs a 4k television when a film has a plot?) about a naval captain who united his rebellious crew by forcing them to build him a wooden dinghy, and then sailing it back and forth in front of them while they sweated away [...]
Draghi: Ukraine crisis a threat to the Eurozone economy August 7, 2014 Mario Draghi, president of the European Central Bank (ECB), today admitted that the Ukraine crisis represented a threat to the Eurozone economy. The geopolitical concerns surrounding the Ukraine crisis and in particular the import ban imposed by Russia, were highlighted as a potential risk to European economic outlook by Draghi, but he insisted that [...]
ECB keeps interest rates at record low August 7, 2014 The European Central Bank (ECB) has left interest rates at their current record low of 0.15 per cent. The move was widely in line with expectations, as the ECB has been keen to leave time to analyse the impact of the measures announced in June. Eurozone inflation slipped to 0.4 per cent in July, its [...]
Boris Johnson to be parachuted into parliament despite quotes denying he would stand August 6, 2014 London Mayor Boris Johnson has finally confirmed that he will stand for parliament at the general election next May. Johnson has pledged to see out his second term as Mayor, meaning he could take on both roles at the same time, something he had previously ruled out. A senior Conservative source last night confirmed [...]
Obama haunted by Delphi Automotive UK address move tax-loop trick August 6, 2014 When Barack Obama helped Delphi Automotive to stay afloat in 2009 by conducting a cunning tax trick, he must have known it would come back to bite him in the ass at some point – and sure enough, it looks like it just has. The Obama administration is on the war path, blasting US companies [...]
George Osborne makes a quick buck on £20 Bitcoin buy at Level 39 August 6, 2014 As the Chancellor of the Exchequer, you might expect George Osborne would like to keep his own pocket money in good old, Bank of England-regulated, sterling. But it’s apparent a trip to trendy FinTech den Level 39 has left Osborne with a sense of adventure – he’s gone where no chancellor has gone before – [...]
Return of the freedom fighter: Boris will put real liberalism back into national politics August 6, 2014 THE PROSPECT of Boris Johnson’s return to national politics will cause much discussion about Europe, given his attractively pugnacious and positive approach to possible withdrawal from the EU (which sounds good to me). But there’s a further impact which should not go unmentioned: having Boris sitting in the House of Commons once again could see [...]
Osborne announces plans to explore the future of Bitcoin August 6, 2014 George Osborne has announced plans to explore how cryptocurrencies such as Bitcoin can play a role in the UK financial system. The chancellor has commissioned the Treasury to produce a report on digital currencies, examining their potential benefits and risks, which is set to be published in the Autumn. Osborne said he aims to make the UK [...]
Boris Johnson: I will stand as an MP in 2015 August 6, 2014 Boris Johnson has said that "in all probability" he will stand as an MP at next year's general election, but added that he intends to see out his term as Mayor of London until 2016. David Cameron has described the announcement as "great news." Johnson has previously been the subject of intense speculation over [...]