General Election 2019: Welsh secretary Alun Cairns resigns over rape trial allegations November 6, 2019 Welsh secretary Alun Cairns has resigned following allegations his former aide “sabotaged” the trial of a rape victim. Ross England made claims about the victim’s sexual history in an April 2018 trial which led to its collapse. Yesterday Cairns denied knowing about this, but the BBC claimed to have seen an email sent to him in August [...]
Brexit latest: EU tells Boris Johnson to propose new commissioner November 6, 2019 The EU Commission’s incoming president has written a letter to Boris Johnson, telling the Prime Minister she expects him to propose a new candidate for commissioner. The letter, sent by Ursula von der Leyen today, suggests Johnson put forward a female name. Commission spokeswoman Dana Spinant told reporters: “The president-elect has sent a letter to [...]
No-deal Brexit remains biggest risk to European growth, IMF warns November 6, 2019 A no-deal Brexit remains the biggest threat to the economies of Europe, the International Monetary Fund (IMF) has warned, and could further damage already very weak growth. Read more: IMF warns 2019 global growth will fall to lowest since financial crisis The words of caution from the IMF come as Britain gears up for a [...]
Competition and Markets Authority approves £1.4bn Unite Students acquisition of Liberty Living November 6, 2019 The UK competition watchdog has approved the £1.4bn acquisition of student accommodation provider Liberty Living by rival firm Unite Students. The Competition and Markets Authority announced today that it has decided not to escalate its investigation into the merger to a stage two inquiry after seeking comment from interested parties on whether the take over [...]
FTSE 100 flat as European traders await next US-China trade move November 6, 2019 European markets traded flat this morning, quietening down after several days of gains as investors waited for the next development in the US-China trade war. The FTSE edged down slightly less than 0.1 per cent, while the Dax remained flat and the Cac edged up 0.2 per cent. Read more: 15 minute daily walk could [...]
General election: Ed Vaizey joins MPs stepping down in December November 6, 2019 Former cabinet minister Ed Vaizey has announced he will step down at the December general election. Calling it “one of the hardest [decisions] I have ever taken”, Vaizey said the time was right to move on. “I am passionate about the arts, our creative industries and technology and I want to specialise in these sectors,” [...]
Ryanair has grounded three Boeing 737 planes due to cracks November 6, 2019 Ryanair has grounded three planes due to cracks between the wing and fuselage, but has not disclosed it to the public. Three of the airline’s Boeing 737s have been affected by so-called “pickle fork” cracks, which have led to 50 planes being grounded since 3 October across the aviation industry. Read more: Ryanair will ask [...]
Intu braced for income drop as retail CVAs take a toll November 6, 2019 Shopping centre owner Intu is expecting to report a sharp drop in rental income for 2019 after a higher-than-anticipated volume of insolvencies from its occupants. Shares in the group tumbled 13 per cent after the bell this morning as the real estate giant revealed that it might have to sell off assets or make a [...]
Money walks: 15-minute daily stroll could give world economy $100bn boost November 6, 2019 Amid tit-for-tat trade wars and rising civil unrest, economists have been fretting over how to avoid another global economic slowdown. But new research has offered an unorthodox approach to boosting the world’s finances: a 15-minute walk. The world economy could grow by an average of $100bn a year until 2050 if all adults aged 18-64 [...]
Hope for German economy as factory orders beat predictions November 6, 2019 German industrial orders picked up by more than expected in September, official data has shown, providing a glimmer of home for the country’s weak economy. Read more: Eurozone ‘remains close to stagnation’ amid manufacturing slump Europe’s biggest economy has had a torrid 2019, thanks in large part to a slump in global demand hurting its [...]