Chair of the Federal Reserve Janet Yellen says rates will rise this year if economy remains on track causing dollar to jump July 29, 2015 The Federal Reserve has reiterated that it is on course to raise interest rates in 2015, as Chair of the Federal Reserve described the US economy’s prospects as “favourable”. Hiring has pushed the country towards maximum employment, while factors that have been holding back inflation were likely to diminish, Yellen indicated in a prepared statement [...]
Obese people who refuse treatment could have their benefits cut July 29, 2015 Overweight people who refuse to lose weight may have their benefits cut, as David Cameron launches a review of whether those with drug, alcohol or obesity problems should be deprived of welfare unless they accept treatment. The review, led by Dame Carol Black, chairman of the Nuffield Trust and adviser to the Department of Health, [...]
Barclays profits beat expectations as executive chairman John McFarlane sets out new strategy July 29, 2015 Barclays' share price climbed more than 2.3 per cent this morning having beaten expectations for second quarter profits, with net income rising to £1.85bn – ahead of the £1.8bn expected – as chairman John McFarlane set out his three point plan to strengthen the bank. The figures Total income rose to £6.55bn in the three months [...]
US Presidential Election 2016: Donald Trump is the leading Republican candidate in the polls July 29, 2015 Another day, another way for Donald Trump to say something that alienates himself. This has characterised much of his short Republican nomination campaign. Just last week, alluding to a prominent Republican's time as a Vietnamese POW, he mocked Senator John McCain – the guy who won the Republican nomination and ran against President Obama in [...]
Prime Minister David Cameron says the UK government will do everything it can to combat migrant crisis in Calais July 29, 2015 After 1,500 migrants tried to reach the UK via the Channel Tunnel, David Cameron has warned he is “very concerned” by the growing Calais crisis. Speaking as the UK confirmed an extra £7m in funding for new fencing at the Channel Tunnel in France, Cameron said he felt sympathy for British holidaymakers and that the [...]
SNP bites back at PM after David Cameron vows to halt second Scottish independence referendum July 28, 2015 The SNP has rejected Prime Minister David Cameron’s claim that he would block another vote on Scottish independence. On Monday, Cameron said that he had the ability to shoot down a second referendum did “not see the need for another” vote. “It will be my ultimate decision, in line with the democratic decision-making processes of the [...]
George Osborne’s budget deficit elimination plan gets IMF seal of approval July 28, 2015 Chancellor George Osborne’s plans to eliminate the budget deficit by 2020 received a thumbs up from the International Monetary Fund (IMF) yesterday. While some have argued that his aim to balance the state books is a risk to the UK’s economic recovery, the IMF said that sustainable growth would require moving away from public [...]
Fifa boss Sepp Blatter deserves a Nobel Prize, says Russian President Vladimir Putin July 28, 2015 Sepp Blatter might not be welcome at the FA's headquarters anytime soon, but it seems he can always rely on a friendly face at the Kremlin. Russian President Vladimir Putin has told Swiss TV the Fifa boss, whose organisation is currently engulfed in corruption allegations, deserves a Nobel Prize. It's almost certainly just [...]
David Cameron: There will be no second Scottish independence referendum while I am Prime Minister July 28, 2015 The Prime Minister has rejected claims by Scottish National Party leader Nicola Sturgeon that she will dictate when a second Scottish independence referendum takes place, ruling out another vote in the current parliament. The timing of a second vote, Sturgeon said, would ultimately be her decision, agreeing with Alex Salmond, former SNP leader, that it [...]
Leaked Yanis Varoufakis parallel currency plan to hack government databases sparks Greek backlash July 27, 2015 Greek politicians demanded answers from Prime Minister Alexis Tsipras yesterday after a leaked recording revealed former finance minister Yanis Varoufakis was planning to hack into government databases to help start a parallel currency. Yesterday, the Official Monetary and Financial Institutions Forum released a recording of the conversation held between him and investors. “We [...]