A roundup of the key news from this weekend:
Marine Le Pen (pictured), leader of the French Front National party, has vowed to break up the European monetary union by leaving the single currency if her party wins the next election. The Front National party secured 46 per cent of the vote in a recent by-election and is currently running level with the two governing parties (the Socialists and Gaullistes), all with near 21 per cent in national polls. She told the Daily Telegraph that “a lot of politicians have been coming to see me, both Gaullistes and Socialists”, who agree with the policy but don’t want to come out publicly.
Speaking on BBC’s Sunday Politics show, energy minister Michael Fallon said that he did not agree that the power shortage risk highlighted by the UK’s electricity regulator Ofgem “is a real risk”, saying that “we have got time to deal with that [less reserve capacity in three years’ time], and we have got plans to deal with that”.
The MyOptique Group, which owns Glasses Direct, has appointed advisory firm GP Bulhound to look into future fundraising and strategic options, one of which is the possibility of a float on the London Stock Exchange’s junior Aim market.
The EU has confronted the US over a report on Saturday in German magazine Der Spiegel that the US National Security Agency (NSA) had bugged EU offices and accessed EU internal computer networks, according to further documents leaked by former CIA analyst Edward Snowden. On Sunday, Der Spiegel ran another report saying that the US secret service taps half a billion phone calls, emails and text messages in Germany in a typical month – more than any other European country and similar to the data tapped in China and Iraq.
The Confederation of Business Industry (CBI) has said that the benefits of being in the European Union “overwhelmingly outweigh the costs”, saying that membership brings an extra £31bn to £92bn into the country’s economy, and that deepening membership could boost GDP by another £110bn.
John Longworth, director general of the British Chambers of Commerce, has written an open letter to new Bank of England governor Mark Carney urging him to create a bank to provide funding for small businesses on the Canadian model, to widen the existing quantitative easing programme, and to create a stable business environment” by giving business as much certainty as possible on low interest rates”.
US Secretary of State John Kerry returned from a diplomacy mission to the Middle East yesterday, with no agreement on resuming peace talks between Israel and Palestine, although he insisted that progress had been made and he would be returning to the region soon.
Nico Rosberg won at Silverstone yesterday as Sebastian Vettel retired on lap 41 of 52 on what appeared to be a gearbox failure. In addition, the left rear tyres of Lewis Hamilton, Felipe Massa, Jean-Eric Vergne and Sergio Perez all failed, bringing tyre manufacturer Pirelli under the spotlight. Sky Sports reported last night that Pirelli has been called by the FIA (Federation Internationale de l'Automobile) to attend a meeting ahead of next week’s German Grand Prix at the Nurburgring.
Laura Robson came back from a 6-1 defeat in the first set against Marina Erakovic at Wimbledon to win 1-6, 7-5, 6-3, making her the first British woman to reach the final 16 of the English Grand Slam tennis tournament.