Government bonds, the Swiss franc, the Japanese yen: Safe havens gain after Turkey downs Russia jet November 24, 2015 Investors piled into low-risk assets such as government debt and traditionally safe haven currencies following the downing of a Russian military aircraft by Turkish warplanes earlier today. It's still unclear exactly how significant the incident could be, although Russian President Vladimir Putin has condemned it as a "stab in the back", claiming it showed Turkey's support for terrorists. Turkey, a Nato member, claims [...]
Four people killed in attack on Swiss Inn Al Arish hotel in Sinai, Egypt November 24, 2015 Four people have been killed by a suicide bomber at a hotel in Sinai, Egypt, this morning, according to AFP. The victims are thought to include two policemen, a civilian and a judge. A further eight police officers, two judges and two civilians were injured. A statement has been issued saying three assailants were killed. A suicide [...]
British Airways cancels all flights to Sharm el-Sheikh until 14 January, EasyJet until 6 January after Metrojet crash ruled to be a bomb by Russian authorities November 24, 2015 Update: British Airways is the second airline to confirm it is extending the ban on flights to and from Sharm el-Sheikh until January. The IAG-owned business will not fly to the popular Egyptian holiday destination up to and including 14 January, it said today "following discussions with the government". "We have not flown any additional customers to Sharm [...]
Earnings season tails off as City awaits Osborne – London Report November 22, 2015 THE WEEK will be dominated by the chancellor’s Autumn Statement on Wednesday as companies wait on tenterhooks to see how expected cuts to the budget could affect them. In the meantime there are still plenty of companies reporting results as we near the end of the third quarter earnings season. This morning FTSE 250 outsourcer [...]
FTSE 100 investors remain bullish on UK defence – London Report November 18, 2015 News yesterday that UK consumer price inflation remained in negative figures for the second straight month – largely due to falls in food and fuel prices – pushed the FTSE up. The blue-chip index rose by 122.4 points, or 1.99 per cent, to close at 6268.7 pushing up the combined value of UK listed companies by [...]
Rich getting poorer? Private jet industry forecast to slide in 2016 November 17, 2015 Sales of private business jets are anticipated to slow down next year as weakening economies and political conflicts have reduced demand, according to an industry forecast. Honeywell International have found that slow economic growth has taken hold across many global markets, and the "business aviation industry is not immune to its impact". Read more: Airbus [...]
Sharm el-Sheikh crash: Metrojet A321 flight 7K9268 was brought down by bomb, Russian President Vladimir Putin admits November 17, 2015 Russia has offered a $50m reward for information that helps catch the culprits behind the bombing of Metrojet A321 flight 7K9268, having finally acknowledged it was an act of terror. Alexander Bortnikov, director of the security service FSB, said an improvised explosive device weighing up to 1.5kg went off on board the plane, bringing it down [...]
Paris attacks and the economic impact of terrorism: As France mourns the cost of terror keeps climbing November 17, 2015 The economic impact of terrorism across the globe reached $52.9bn (£34.8bn) in 2014, rocketing 60 per cent on the previous year and increasing ten-fold since the start of the century, according to the latest Global Terrorism Index. The figure is the highest since at least 2001, when it was calculated at $51.5bn following the 9/11 [...]
Paris attacks: France is at war and will intensify attacks in Syria with the EU, US and Russia, French President Francois Hollande tells parliament November 16, 2015 French President Francois Hollande has told the country's parliament that France "is at war", as he laid out his intentions to coordinate with the EU, US and Russia to raise their assault on the Islamic State (Daesh). In one of the most important speeches of his career he said "the need destroy Daesh concerns the whole international community" and [...]
Paris attacks: Government to ramp up terrorism and aviation security against Islamic State in wake of Friday night’s attacks November 16, 2015 The UK government has said it will "substantially" increase counter-terrorism resources against the threat posed by Islamic State as part of its five year security review, which will be unveiled next week. Chancellor George Osborne is expected to announce huge cuts across government departments as part of his Comprehensive Spending Review, but Number 10 revealed this morning [...]