Obama to outline strategy for targeting Islamic State September 7, 2014 On Wednesday, US President Barack Obama will outline his strategy for targeting Islamic State (IS) – the extremist group currently taking over large parts of Syria and northern Iraq. "I'm preparing the country to make sure that we deal with a threat from Isil,” he said on NBC's Meet the Press. "On Wednesday, I'll [...]
Train fare rises 2015: Commuters could save more than £100 a year as rail price hikes capped at 2.5pc September 7, 2014 Good news for commuters. Rail fare rises will be capped at 2.5 per cent in 2015 rather than the expected 3.5 per cent in a move designed to reduce the burden on commuters' wallets. The government has frozen the rise in regulated fares – season tickets and anytime singles – at RPI inflation of 2.5 per [...]
China spends its way to becoming world’s largest economy September 7, 2014 Ten years from now, China will have overtaken the US as the world's largest economy. A report released by IHS shows how a surge in consumer spending in what is currently the world's second largest economy will take it into first place. It predicts that such spending in China will increase by an average [...]
EU bonus cap: UK’s challenge reaches final stage in court September 7, 2014 The UK's challenge to the European Union's bonus cap plan will be heard in the European Court of Justice tomorrow. This will be the final stage in the case opened by the UK Treasury last September. The new rule, which is supposed to be imposed on all bonuses awarded from 2014 onwards, caps bankers' [...]
Scottish Independence: Yes campaign gains momentum as poll puts it in lead for first time September 7, 2014 It's the moment Scotland's Yes campaigners have been waiting for – the polls suggest that an independent Scotland is as likely as a continued union with the rest of the UK, if not more so. As the 18 September referendum approaches, both sides of the debate have been stepping up their attempts to win [...]
Chelsea pick five players with just one appearance between them in Champions League squad September 6, 2014 Chelsea have picked five players with just one first-team appearance between them as part of their Champions League squad, in order to comply with Uefa regulation. Champions League rules state that clubs must name at least eight home-grown players in their squad 25-man squad. The Blues have complied by selecting youngsters Mitchell Beeney, Jeremie [...]
Russia “will react” to EU sanctions, accuses Nato of supporting neo-Nazi forces September 6, 2014 Russia says "there will undoubtedly be a reaction" to any new sanctions imposed by the EU. The Russian foreign ministry said in a statement that the EU's proposed sanctions were "practically sending a signal of direct support to the 'party of war' in Kiev". The new sanctions will target state-owned oil companies, including Rosneft, and add [...]
Alibaba expects IPO to raise $24.3bn with largest listing in history September 6, 2014 Alibaba expects to raise $24.3bn when it lists on the New York Stock Exchange (NYSE) later this month. If it raises that sum, the Chinese e-commerce giant's initial public offering (IPO) will be the largest in history, giving it a valuation of around $163bn. In a regulatory filing with the US Securities and Exchange Commission, [...]
Nike and Apple named as most counterfeited brands in the world last year September 5, 2014 Nike and Apple were the two most counterfeited brands in the world last year, according to the latest illicit trade report from the World Customs Organisation (WCO). Nike was the most counterfeited brand, with 1,120 cases of fraudulent Nike products being seized last year, a 48.3 per cent increase on 2012's total of 580 cases. Apple [...]
Russian rouble rallies as Putin agrees Ukraine ceasefire September 5, 2014 The rouble rose 0.22 per cent against the dollar and 0.14 per cent against the Euro at pixel time after Ukrainian president Petro Poroshenko announced his government had reached a ceasefire agreement with pro-Russian rebels this afternoon. Earlier in the day, investors had piled into Russian stocks on rumours of an end to fighting, with [...]