EU migrant crisis: Prime Minister David Cameron adds £100m of aid funding to help Syrian refugee camps September 4, 2015 Amid growing pressure from fellow politicians and the public, David Cameron has announced an extra £100m of aid to fund refugee camps for those fleeing the Syrian war. At a joint press conference with Spanish Prime Minister Mariano Rajoy, Cameron said “Britain will act with head and heart”, taking total UK spending to £1bn. We [...]
Labour leadership race odds: Yvette Cooper gains ground with bookmakers while Jeremy Corbyn remains out in front September 4, 2015 Labour leadership hopeful Yvette Cooper has gained ground in the contest, after she overtook Andy Burnham as second favourite with one bookmaker and closed the gap with a number of others. Ladbrokes shortened its odds on Cooper to become the next leader, from 10/1 to 5/1, in second place to frontrunner Jeremy Corbyn at 2/7, [...]
EU migrant crisis: Prime Minister David Cameron announces Britain will accept “thousands” more refugees in Syria U-turn September 4, 2015 David Cameron has announced that Britain will accept "thousands" more refugees, having bowed to pressure over the humanitarian crisis in the last few days. The Prime Minister, who has been criticised on all sides for failing to act, today committed to provide resettlement for "thousands more Syrian refugees". He said Britain would act "with our [...]
Draghi and easyJet help to boost FTSE to 2pc single-day gain – London Report September 4, 2015 UK SHARES had their biggest one-day gain in a week yesterday, buoyed by a commitment by ECB chief Mario Draghi to boost the central bank’s asset-purchase programme if needed to offset the effects of a riskier economic backdrop. The FTSE 100 blue chip index was up 1.8 per cent at 6,183.09 points at its close. [...]
Tesla driving towards mass market for 2017 as Elon Musk announces Model 3 September 4, 2015 Tesla boss Elon Musk announced on Twitter that the company’s third car offering would be the mass-marketable Model 3, which he hoped would go into production in 2017. He tweeted on Wednesday night: “Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.” And, in a [...]
Euro plummets after Mario Draghi’s dove-bomb as ECB chief cuts inflation forecasts September 3, 2015 The euro lost over one per cent of its value yesterday after Brussels’ top central banker hinted that he could push the button on further monetary stimulus in a bid to boost the single currency area. European Central Bank (ECB) boss Mario Draghi gave an unexpectedly dovish statement, revealing that his organisation has cut forecasts for [...]
EU refugee crisis: Boris Johnson says London should help as Mayor of Liverpool offers sanctuary to 100 Syrian refugees September 3, 2015 As scenes of refugees making their way from Syria across Europe become more harrowing, the Mayor of London has said the capital should face up to its "moral responsibilities". On the question of whether to take in Syrian refugees in particular, Boris Johnson said London should "take people fleeing persecution and those plainly in fear [...]
EU refugee crisis: Prime Minister David Cameron signals U-turn as he promises Britain will fulfil its “moral responsibilities” amid growing pressure to accept more refugees September 3, 2015 Did David Cameron just signal a U-turn on his stance over the escalating refugee crisis? On the back of growing criticism the UK's Prime Minister said this afternoon that the country would fulfil its “moral responsibilities”. Cameron said “as a father I felt deeply moved” by the pictures of Aylan Kurdi, the three-year old Syrian [...]
Euro falls against the pound as European Central Bank chief Mario Draghi cuts inflation forecasts September 3, 2015 The euro lost 0.6 per cent against the pound at lunchtime after comments from European Central Bank (ECB) chief Mario Draghi said Eurozone inflation would be lower and that recent market volatility presented downside risks. In comparison with the June 2015 Eurosystem staff macroeconomic projections, the outlook for HICP inflation has been revised down, largely [...]
Prime Minister David Cameron under pressure from own party including Baroness Sayeeda Warsi to accept more refugees September 3, 2015 Prime Minister David Cameron was facing the threat of another revolt today, after he came under fire from members of his own party to alter his stance on the growing refugee crisis. A number of MPs and Baroness Sayeeda Warsi have now publicly called on the UK to alter its position of restricting the number [...]