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 [...]
EU referendum: Government to make changes regarding “purdah” rules September 3, 2015 Prime Minister David Cameron is set to concede more changes to the EU referendum, this time focusing on “purdah” period rules – just a day after he bowed to pressure to change the wording of the EU referendum question. The Prime Minister has come under pressure from MPs to respect the official purdah rules. They argued [...]
China’s economic slowdown: IMF warns central banks not to raise interest rates September 3, 2015 The IMF has warned the world's biggest economies not to raise their interest rates in the near future, as China's economic struggle could have far-reaching consequences. In a pessimistic report released last night, the international lender said the risk of a global slowdown was increasing, and that in most cases economies are falling short [...]
Umunna offers Corbyn camp an olive branch September 3, 2015 THE LABOUR party must demonstrate unity regardless of the outcome of its Labour leadership contest, shadow business secretary Chuka Umunna has said. Alluding to the far-left front-runner Jeremy Corbyn in a speech to the Westminster think tank Policy Network yesterday, Umunna said: “I do not think we can simply dismiss out of hand those who [...]