Jeremy Corbyn urges MPs to bring down May’s ‘zombie government’ in no confidence vote January 16, 2019 Jeremy Corbyn has urged MPs to trigger a general election as he attacked Theresa May’s “zombie government” for being unable to secure a Brexit deal. The Labour leader hit out at the Conservative’s record in power as he moved a motion of no confidence against the government in the Commons. Corbyn claimed the electorate should [...]
Turkey’s central bank holds interest rates at 24 per cent January 16, 2019 Turkey has held its interest rates at 24 per cent today after warnings that it was too soon to cut rates. The central bank’s monetary policy committee left its benchmark one-week repo rate at 24 per cent after it raised it by 11.25 percentage points last year amid a crisis over the lira. The currency [...]
Theranos documentary to contain footage from deposition tapes of founder Elizabeth Holmes, says ABC January 16, 2019 A TV documentary telling the story of the high-profile demise of blood testing company Theranos will include never-before-seen footage from the deposition tapes of founder Elizabeth Holmes. The high tech blood testing firm was forced to formally dissolve and hand over its remaining cash to creditors in September after years of legal challenges left the [...]
London Overground suspends service between Willesden Junction and Clapham Junction January 16, 2019 Commuters on the London Overground are facing disruption after a broken down train led to services being suspended between Willesden Junction and Richmond and Clapham Junction. London Overground said the service has been stopped due to a faulty train. There are also severe delays between Willesden Junction and Stratford. https://twitter.com/LDNOverground/status/1085540721451511808 National Rail said there were cancellations [...]
Bank of England in ‘regular discussion’ with Treasury over no-deal Brexit powers January 16, 2019 The Bank of England is in regular discussions with the Treasury over “no deal powers” to ensure financial stability if Britain leaves the EU on 29 March. The bank’s governor Mark Carney told the Treasury Select Committee it needed more regulatory powers by the end of March in order to protect financial firms in the [...]
Snap shares plummet as its finance chief’s departure takes a toll on investor nerves January 16, 2019 Shares in Snap have opened this afternoon down almost 12 per cent, after news broke of its chief financial officer's impending departure late last night. The company's shares dipped more than eight per cent in after-hours trading, before falling even further as markets opened today to an 11.8 per cent drop. Snap said in a [...]
Tullow shares fall as delayed payments dent plans to pay off debt January 16, 2019 Tullow Oil has been hit by delayed payments from a Ugandan exploration project, but expects production to increase this year, the company revealed this morning. Production hit 88,200 barrels of oil per day last year, and should reach between 93,000 and 101,000 in 2019, Tullow told markets. Read more: Premier slips on oil spill as financing [...]
Russia denies ‘rubbing hands with glee’ at Brexit uncertainty after May’s deal rejected by parliament January 16, 2019 Russia’s foreign minister Sergei Lavrov has denied his government is rubbing its hands with glee at Britain’s turmoil over the terms of Brexit. Lavrov said Russia actually prefers a united European Union to a news conference earlier today. Read more: Russia detains American on spying charges in Moscow “We won’t and aren’t saying anything about Brexit, [...]
Trump orders thousands of employees back to work during government shutdown January 16, 2019 US President Donald Trump has ordered thousands of furloughed government employees back to work without pay during a partial government shutdown. A total of 46,052 Internal Revenue Service (IRS) staff will return to work to fulfil tax refunds as the shutdown – which has affected around a quarter of government agencies – enters its 26th [...]
Users of Gospel Oak to Barking line brace for more misery as roll-out of electric trains delayed indefinitely January 16, 2019 The planned roll-out of electric trains on the troubled Gospel Oak to Barking line has been delayed indefinitely as manufacturer Bombardier struggles to resolve software issues. Commuters using the London Overground line have endured repeated delays to the introduction of new Class 710 electric trains, which manufacturer Bombardier has blamed on software problems. Read more: TfL [...]