As the crunch point nears, could Greek default prove to be a geopolitical disaster for Europe? June 16, 2015 Famke Krumbmüller, a Europe analyst at Eurasia Group, says Yes If a default prompted Greece’s withdrawal from the euro, and the new arrangement were managed badly, it could have harmful consequences for the rest of Europe. Most importantly, it would send negative signals about the future of Eurozone integration – the monetary union was never [...]
Russian central bank slashes key interest rate June 15, 2015 The Central Bank of Russia has slashed its main interest rate by one percentage point to 11.5 per cent, amid a strengthening currency and inflation risks. It's slowed the pace at which it was cutting rates – the central bank cut the main interest rate by two percentage points in January, one percentage point in March and [...]
UK is “feeble” in the face of military threats from around the world, former commanders warn June 14, 2015 The UK is weak against military threats from around the world, according to four former commanders of the Armed Forces. Admiral Sir Nigel Essenhigh, Admiral Lord Boyce, Field Marshal Lord Walker and Air Chief Marshal Sir Peter Squire said in a joint letter that Britain's global influence is declining, and expressed their concern at [...]
UK forced to move its spies as Russia and China crack documents leaked by whistleblower Edward Snowden June 14, 2015 British spies have been removed from potentially dangerous operations after Moscow and Beijing managed to crack files leaked by US whistleblower Edward Snowden. The documents reveal how British and American intelligence agents operate and could lead to their identification by other countries, according to senior figures in the security services and Downing Street. [...]
Force majeure stops shell’s Ukraine project June 11, 2015 Shell may pull out of its last exploration well in Ukraine as the project has been on hold for nearly a year due to the conflict between pro-Russian separatists and Ukrainian forces. The oil major said yesterday it has been unable to perform its commitments due to a force majeure.
UK aerospace and defence sector flies high amid booming sales June 10, 2015 The UK aerospace and defence sector enjoyed a record year last year, with industry pundits predicting the boom times will be here for a while. The UK currently controls 17 per cent of the sector’s market share – second only to the US. “We are in a global growth market which could top £3.6 [...]
Fifa crisis: World Cup 2026 bidding process suspended, says general secretary Jerome Valcke June 10, 2015 Fifa has suspended the bidding process for the 2026 World Cup, according to secretary general Jerome Valcke. The bidding process for the 2026 tournament which is due to be awarded at the 2017 Fifa Congress in Kuala Lumpur, will now be postponed as Fifa wrestles with the fallout of the US Department of Justice investigation [...]
I want to take West Ham to Champions League, says Bilic June 9, 2015 WEST Ham’s new manager Slaven Bilic has been set the target of finishing in the top half of the Premier League in his first season – but the Croatian is already dreaming of Champions League qualification. The former Hammers defender was yesterday confirmed as the successor to Sam Allardyce and the man to lead the [...]
Nat Rothschild lays down Arms in battle with Asia Coal Energy Ventures June 8, 2015 The bitter dispute over the future of Asia Resource Minerals (Arms) was finally resolved yesterday after Nat Rothschild backed out of the firm he co-founded five years ago. Rothschild, through the fund NR Holdings, announced his intention to sell his 17.2 per cent stake in the struggling miner after attempts to wrest back control [...]
The UK is building a new Royal Navy ship to defend against “Russian aggression”, says defence secretary Michael Fallon June 8, 2015 The UK is getting a new Royal Navy ship to guard against “Russian aggression”, defence secretary Michael Fallon has confirmed. Speaking at BAE's Govan shipyard in Glasgow, he said the HMS Medway would build on Britain's commitment to global security amid a rise in threats from Russia and elsewhere. "In recent months you have [...]