Greece wants to delay its payments to the IMF by six months June 16, 2015 Greece wants to delay paying the €1.55bn (£1.1bn) it owes the IMF by six months, according to a report in the German newspaper Bild. This wouldn't be the first time Greece has looked to put off paying creditors – it had originally said it would bundle its debts to the IMF rather than pay in [...]
London mayor election: Poll shows Zac Goldsmith would lose to Tessa Jowell but tie with Sadiq Khan June 16, 2015 Tessa Jowell is Labour's best bet to replace Boris Johnson with one of its own candidates, according to the latest polling by YouGov. The poll indicates that Zac Goldsmith, the favourite candidate for the Tories, would lose to Dame Tessa Jowell – while he would be in a dead heat against Sadiq Khan. The former [...]
Labour leadership race: Burnham, Cooper, Kendall and Corbyn are nominated June 16, 2015 Four candidates in the Labour leadership race have attained the necessary support to be placed on the ballot paper to succeed Ed Miliband. Jeremy Corbyn, the left-leaning candidate in the race, gained the support of 36 MPs just two minutes before the deadline – just above the quota needed to be considered for the leadership [...]
Cameron to promise more Eurosceptic concessions as he limits public money for yes campaign June 16, 2015 David Cameron will today concede to his Tory backbenchers that he will limit public money for a pro-EU campaign in the upcoming referendum. In a bid to pacify its slim majority, the government will reassure its Eurosceptic MPs that there will be no taxpayer-funded push for the UK to remain in the EU. Read more: [...]
Warren Buffett splurges $500m on Australian insurer IAG June 16, 2015 Warren Buffett, the legendary investor and second-richest man in the world, is clearly interested in protecting his fortune, after he spent AU$500m (£248m) on the Insurance Australia Group (IAG). Under the deal, Buffett will end up with a 3.7 per cent stake in the company, while IAG will have options to place another five per [...]
There will be no 5 May EU referendum vote as Cameron offers concession to Eurosceptics June 16, 2015 In the fight over the EU referendum, the Eurosceptics have won a point. The date for the ballot will not now be 5 May 2016, after ministers tabled an amendment to the referendum bill on Monday evening. The amendment comes before David Cameron embarks on a series of one-to-one meetings with EU leaders this week. [...]
David Cameron courts EU leaders amid Commons row over referendum June 15, 2015 Prime Minister David Cameron will hit the road again this week for more one-on-one meetings with European leaders, while MPs in the House of Commons gear up for more divisive debate over the EU referendum bill. Cameron is due to visit Italy, Luxembourg, Slovakia and Slovenia later this week, as well as welcome the president of [...]
European Central Bank president Mario Draghi tells European Parliament ball lies “squarely” in Greece’s court June 15, 2015 European Central Bank chief Mario Draghi said today that the ball lies in Greece's court, during a testimony before the European Parliament's Economic and Monetary Affairs Committee, after talks stalled last night. "While all actors will now need to go the extra mile, the ball lies squarely in the camp of the Greek government to take [...]
Bank of England governor Mark Carney’s earned £880k last year June 15, 2015 Bank of England governor Mark Carney earned £879,773 last year, the Bank of England reported today. That figure is half again as much as the £586,010 he earned in 2013/14; however, it also represents the first time he has taken his full pay after he took on the role in July 2013. Meanwhile, Andrew Bailey, [...]
S&P: Greek non-payment to ECB “wouldn’t mean default” June 15, 2015 If Greece fails to repay €6.7bn (£4.8bn) worth of bonds held by the European Central Bank (ECB) at the end of July, this will not constitute a default, at least under criteria from credit ratings agency Standard & Poor's (S&P). Read more: With no deal on the cards, would the Eurozone be able to contain contagion from Greek [...]
