Citigroup reveals it could plead guilty in Forex investigation May 11, 2015 Citigroup has said it could plead guilty to antitrust charges relating to Forex manipulation. The US bank is one of six being investigated by the Department of Justice (DOJ), over claims that employees colluded to change foreign exchange rates to boost their own profits. They are accused of sharing confidential information about clients [...]
Greece beats deadline for €750m loan repayment to IMF May 11, 2015 Some expected Greece to default on it's latest debt repayment, but it has proved them wrong. Today, following extensive discussions with creditor nations on the struggling economy's future in the Eurozone, a transfer of €750m (£544m) was made from Greece to the IMF, beating tomorrow's deadline for the payment. It is not clear how [...]
General Election 2015: David Miliband says voters “did not want” what his brother was offering May 11, 2015 David Miliband has openly criticised his younger brother's Labour leadership campaign, saying it was “not what voters wanted.” In an interview with the BBC, he said Ed had allowed himself to “be portrayed as moving backwards from the principals of aspiration and inclusion that are the absolute heart of any successful progressive political project”. [...]
Could Greece ever pay off all its debt? Tomorrow’s IMF repayment is just the tip of the iceberg May 11, 2015 Eurozone ministers have once again gathered in Brussels to try and negotiate a deal between Greece and its creditors, but a big question mark hangs over whether the struggling nation could realistically remain in the Euro. Tomorrow, it must fork out a €750m (£544m) loan repayment for the IMF, but this is just the start [...]
General Election 2015: Four things you should know about the tories’ plan to scrap the Human Rights Act May 10, 2015 The Conservatives are hoping to rid the UK of the Human Rights Act, and this has caused some consternation. But what does it mean exactly, when you scratch beneath the surface? Does the Prime Minister have a viable alternative? And will it do just as much to protect human rights? Here are the key things [...]
General Election 2015: Cameron needs “time and space” to work on Europe, says Owen Paterson May 10, 2015 Eurosceptic ex-cabinet minister Owen Paterson has urged the general public to give David Cameron “time and space” to deliver change on Europe. The Prime Minister promised that if the Conservatives were re-elected at the 2015 General Election, a referendum on EU membership would be held in 2017. Given that they ended up winning a [...]
General Election 2015: The two-month race for Lib Dem leadership has begun May 10, 2015 Following the Lib Dems' terrible defeat at the General Election earlier this week, a new leader must be chosen to replace Nick Clegg. The party won almost 50 seats fewer than it did in 2010, amounting to its worst election performance in history. Those who lost their seats included Vince Cable, formerly secretary of state [...]
VE Day 2015 in pictures: This is how London marked the occasion May 10, 2015 On 8 May 1945, then Prime Minister Winston Churchill broadcast to the UK that World War II was over, as the Allied forces had successfully defeated Nazi Germany. Victory in Europe (VE) day, as it is known, has been celebrated across the continent every year since then, and Londoners never fail to pay their respects [...]
China’s central bank cuts interest rates to 5.1 per cent amid slowing economy May 10, 2015 China's central bank has cut interest rates to 5.1 per cent, as the country's economy continues to slow down. It's the third cut in six months, and the hope is that is will boost development in the country. The change will come into effect on Monday. In 2014, growth rate was 7.4 per [...]
Who really won the 2015 General Election? How the parties would compare if results were based on votes alone May 8, 2015 The number of seats a party wins at a General Election by no means reflects the total votes it receives – constituencies vary widely in population size, and a party just needs to be the popular (it doesn't need a majority) to win a particular seat. So if a party won 100 per cent [...]
