£3.5m share bonus for outgoing Burberry CEO

whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoCarsGeniusThese 4 Loaded SUVs Are Now Dirt CheapCarsGeniusUndo Share whatsapp Burberry’s sales are believed to have benefited from the referendum-induced slump in sterling, as overseas buyers took advantage of the weaker pound to splash out on high-end British fashion.Sales increased by 40 per cent in the final quarter of 2016, while revenue grew by four per cent and like-for-like sales grew by three per cent in the regions where Burberry operates.Enthusiastic Chinese consumers have proved particularly important to the iconic British label, which now employs Mandarin speaking sales assistants at its flagship London store.In addition to the famous buckle trench coat, Burberry’s handbags and rucksacks have proved popular with tourists.Burberry’s new chief executive, Marco Gobetti, takes up his post in July but is acting as chairman for Asia Pacific in the meantime. Gobetti will be entering Burberry a new role as “president and chief creative officer.” He was previously chairman and chief executive of French luxury brand Célin. Ashley Coates Outgoing Burberry CEO, Christopher Bailey, has received 215,000 shares in the business, with a total value of £3.5m.Bailey is one of a number of Burberry executives that have been awarded performance-contingent share packages in 2017, after the fashion retailer postponed its rewards scheme last year. £3.5m share bonus for outgoing Burberry CEO Tuesday 31 January 2017 7:01 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org read more

Chequers deal crumbles as Theresa May gives into ERG’s amendments on new Brexit bill, putting facilitated customs arrangement at risk

I’ll be with you Heidi. Having made great strides with her #Brexit#WhitePaper to meet the needs of business, the PM has allowed it to be wrecked by caving in to the hard no deal Brexiteers. Seems Jacob Rees Mogg is running Britain.— Anna Soubry MP (@Anna_Soubry) July 16, 2018 Chequers deal crumbles as Theresa May gives into ERG’s amendments on new Brexit bill, putting facilitated customs arrangement at risk The government has backed down on all four of the wrecking amendments put forward by Brexiter-in-chief Jacob Rees-Mogg last week, in order to avoid an embarrassing defeat in the House of Commons.Three of the amendments were relatively uncontroversial, but a fourth – tabled by former Cabinet minister Priti Patel – was widely viewed as a “wrecking amendment”, demanding thatTheresa May drop her plan to collect tariffs on behalf of the EU unless EU member states agree to do so in reverse. I will never give ERG my backing so will vote against their 2 wrecking amdts which fundamentally undermine the Chequers proposal & our PM. Will abstain on NC37 (NI no hard border as already secured in GRBill) & 72(Act of Parl reqd for a CU, see tomorrow)https://t.co/k9quhkRCop— Heidi Allen (@heidiallen75) July 16, 2018 Monday 16 July 2018 4:35 pm Share Another added: “We have got to revise the whole proposition now – I don’t think they will need to tear up the whole white paper, but there’s a lot of technical things they need to ‘fess up about, and get rid of the ambiguity they were trying to hide behind.”The amendment demonstrates that we have to toughen our act up with EU. I think that message has got through now,” the ERG member said, noting that it had underscored the strength of the Eurosceptic group.”We have more clout than they thought – they will not be messing with us again,” the backbencher said.City A.M. understands that at least two parliamentary private secretaries – who must vote in line with government policy – have been contacting Conservative MPs on behalf of the ERG as part of a shadow whipping exercise and are possible flight risks in the coming days.May is still facing the prolonged pain of multiple resignations, trickling out over successive days. This morning has already claimed its ninth scalp after Treasury PPS Scott Mann resigned. But answering questions in the Commons, May insisted the amendments “do not change that Chequers agreement”, adding: “I would not have gone through all the work I did to ensure that we reached that agreement only to see it changed in some way through these bills.”However, Remainer Tories are unhappy with the direction of travel:   whatsapp Catherine Neilan City A.M. understands it was reluctantly accepted, after attempts by the Prime Minister’s whips to do a deal with the influential backbench European Research Group this morning failed.A Downing Street source said it had been accepted as it was “consistent with the position set out in the white paper”, adding that the white paper calls for “reciprocity that the UK and the EU should agree a method for the remittance of relevant tariff revenues, on the basis this is likely to be the most robust approach.”But Brexiters argued it will ultimately kill the PM’s controversial facilitated customs agreement, and was “a torpedo right through the middle of Chequers”.One source said: “We drew up that amendment so it would be unacceptable, so that they would have to fight and lose. Our point is that there is not a government majority for Chequers – there’s not a government majority for anything.”We weren’t expecting that they would accept it but that just shows the direction of travel. Chequers is a poison pill the Tories can’t afford to swallow.” whatsapp read more

Bank of England slashes UK growth forecasts amid Brexit uncertainties and global slowdown

first_imgThursday 7 February 2019 12:01 pm Bank of England slashes UK growth forecasts amid Brexit uncertainties and global slowdown whatsapp The Bank of England today decided to leave interest rates unchanged as expected, but slashed UK growth forecasts as Brexit uncertainties mount.The bank’s monetary policy committee (MPC), which last raised rates to 0.75 per cent in August last year, unanimously voted to hold interest rates for a fourth consecutive meeting. Carney added that a “rapid decline in certainty” could push growth up by 0.5 per cent on its forecasts.The growth outlook for 2020 was also trimmed to 1.5 per cent, from 1.7 per cent.Sterling fell 0.41 per cent following the Brexit warning and lowered forecast, from $1.293 to $1.287, but has since surged up to $1.294 and 1.14 against the euro.The committee said: “UK economic growth slowed in late 2018 and appears to have weakened further in early 2019.”This slowdown mainly reflects softer activity abroad and the greater effects from Brexit uncertainties at home.” Share whatsapp It added that the economic outlook “depends significantly” on the nature of Brexit, specifically new trading arrangements and whether the transitions is smooth or abrupt.In the minutes of its meeting, the MPC said: “Since the Committee’s previous meeting, key parts of the EU withdrawal process had remained unresolved and uncertainty had intensified.”Businesses had appeared increasingly to be responding to Brexit-related uncertainties, and there were some signs that those uncertainties might also be affecting households’ spending and saving decisions.”The MPC also unanimously voted to maintain its stock of UK government bond purchases at £435bn and its stock of corporate bonds at £10bn.City A.M.’s shadow monetary policy committee unanimously voted to hold interest rates ahead of today’s meeting. Read more: Metro Bank admits accounting error was found by Bank of EnglandThe panel of City economists cited “peak Brexit uncertainty” and the possibility of a continued global slowdown as reasons to leave the rate unchanged.They noted that the UK labour market remained robust but that a global softening indicated caution.This month’s guest chair, Tej Parikh, an economist at the Institute of Directors, said: “The speed of travel for interest rate hikes remains inextricably linked to what happens on 29 March. Right now, uncertainty is checking domestic demand.“Businesses have been shelving investment plans, and consumers are also tightening their belts as Parliament remains in deadlock.“Meanwhile, a potential global slowdown is adding a downside risk to the U.K.’s future economic growth.” Callum Keown Read more: How will the Bank of England vote on interest rates tomorrow?The MPC said a UK economic slowdown in late 2018 “appears to have weakened” at the beginning of this year, citing softer activity abroad and greater effects from Brexit uncertainties.It cut growth forecasts for 2019 to 1.2 per cent of GDP, down from its previous 1.7 per cent forecast in November.It would be the weakest expansion since 2009.The bank’s governor Mark Carney said business investment would soften further “before picking up sharply once the fog clears.” Tags: Bank of England Brexit Mark Carney Peoplelast_img read more

Visa reforms fail to align immigration system with existing legislation despite harmonisation support

first_img whatsapp The new rules mean applicants will have to prove they have control of the £2m they are required to have for two years, rather than 90 days, or provide evidence of the source of those funds.Read more: Home Office backtracks on plans to scrap ‘golden visas’ for rich investorsForty one per cent of respondents said this was not necessary, 28 per cent said this would be extremely useful, 20 per cent somewhat useful and nine per cent useful.Yazdi said: “If you read the JMLSG or speak to anti- money laundering experts, two years means nothing, it is about how they made the money. Two years is more a political stunt frankly.”However, the survey found reform was warranted with 53 per cent agreeing the old rules were open to abuse. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets DetectiveUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarUndo whatsapp Visa reforms fail to align immigration system with existing legislation despite harmonisation support James Booth Tags: UK immigration Sixty five per cent thought UK immigration rules should be harmonised with other UK legislation on areas such as tax and financial services.Read more: Home Office tightens golden visa rules after earlier failed crackdownYazdi said: “One of the issues is that the left hand doesn’t speak to the right hand. Immigration law, tax and financial regulations are not harmonised and they are sometimes contradictory.”The new rules to the Tier 1 (Investor) scheme were announced earlier this month after an embarrassing climbdown last year when immigration minister Caroline Nokes announced the visas would be suspended amid money laundering fears, before backtracking on the move, reportedly after opposition from other government departments.The survey was carried out before the new rules were announced. The main reasons cited for the attraction of the UK to wealthy migrants were education with 81 per cent, business opportunities with 70 per cent, lifestyle with 68 per cent, rule of law with 65 per cent and political stability with 62 per cent.Other findings include 71 per cent of respondents agreeing that investor visas bring an economic benefit to the UK. Share Tuesday 19 March 2019 12:01 am Recent reforms to so-called golden visas for wealthy investors have failed to align the rules with existing financial regulations, despite overwhelming support from stakeholders for harmonisation.A survey conducted by Farzin Yazdi, head of investor visas at Shard Capital found 75 per cent of respondents believed immigration rules should be aligned to the widely accepted anti-money laundering guidance provided by the joint money laundering steering group (JMLSG).last_img read more

Climate change protests: 122 arrests as Extinction Rebellion’s London shutdown continues

first_imgPolice remove protesters from Waterloo Bridge during the second day of protests (Source: Getty)The majority – 117 – of arrests were made at Waterloo Bridge yesterday and in the early hours of this morning. All arrested protesters remain in custody as the police try to clear the disruption. Climate change protests: 122 arrests as Extinction Rebellion’s London shutdown continues “We are mindful of the impact the demonstrations are having on the local communities and are working hard with partners including TfL to keep London moving and open for businesses and visitors alike,” chief superintendent Colin Wingrove said this afternoon.“At this time, ongoing demonstrations are causing serious disruptions to public transport, local businesses and Londoners who wish to go about their daily business.”Despite the order, protesters continued to demonstrate and camped overnight at Waterloo Bridge, Parliament Square and Oxford Circus. Wingrove said the police “have significant resources in place to deal with any incidents that may arise and officers out on the ground who are well trained in maintaining public order”.Read more: Climate protesters attack Shell HQ as London blockades continueBoth the police and protesters expect the demonstrations to continue indefinitely, with Extinction Rebellion hoping to “bring London to a standstill for up to two weeks” and counting nearly 850 people who pledged a week off work to protest. Protesters blocked Marble Arch as they planned to stay indefinitely, setting up tents to camp overnight (Source: Getty) whatsapp Tuesday 16 April 2019 3:12 pm Climate change protesters vandalised the Shell Centre in central London yesterday (Source: Getty)Extinction Rebellion said activists “intentionally” caused more than £6,000 worth of damage by smashing in windows and glass doors and spray painting the building.The anti-climate change group has pledged not to disband its protests until the government takes “urgent action on the climate and ecological emergency”. One protester plays guitar on a traffic-free Oxford Street (Source: Getty)Protesters occupied have blockaded five tourist hotspots around London – Marble Arch, Oxford Circus, Waterloo Bridge, Parliament Square and Piccadilly Circus.However, the Met yesterday issued an order for protesters to stay at Marble Arch after the demonstrations brought traffic in central London to a halt.The Met imposed the order, which is expected to last until 6.55 pm today, after 55 bus routes were closed and 500,000 people were affected by the demonstrations. Sharecenter_img Tags: Climate change More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Read more: Climate change protest hits London for second day after 113 arrestsFive of the arrests were made for criminal damage at a commercial premises, after protesters vandalised Shell’s London offices. More than 120 protesters have been arrested during the ongoing anti-climate change demonstrations that have brought central London to a standstill.The Met confirmed that 122 arrests have been made at the Extinction Rebellion protests since they began at 1pm yesterday, with the majority of people arrested for obstructing the Waterloo Bridge last night. Alyana Vera by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRich HousesWhy Kate’s Wedding Dress Looked Like ThatRich HousesLivestlyPlugs Have These Two Holes, This Is WhyLivestlyMoneyPailNever Flush The Toilet With Your Hands AgainMoneyPailCar NovelsCouple Call Wedding Off After Groom’s Crazy Mother Does Something UnexpectedCar NovelsNerve ControlNeuropathy (Nerve Pain)? Do This Immediately (Watch)Nerve ControlLaptop Deals | Search AdsThe Cost Of A New Laptop May Surprise YouLaptop Deals | Search AdsDiscoveryPearl Harbor Plane Wreck Found on the Ocean FloorDiscoveryHistory 10Gorilla Won’t Let Others Near, Then Staff Look At HandsHistory 10EternallifestyleSprinkle A Dash of Cinnamon in Your Garden, Here’s WhyEternallifestyle whatsapplast_img read more

How the Anglosphere philosophy will fuel the new Prime Minister’s foreign policy

first_imgBritish critics of Boris Johnson, rather than dismissing him as a cut-rate Winston Churchill tribute act, would do far better looking at what it is about the great man that so impresses the current Prime Minister.  America in particular remains absolutely central to the UK economy. As a single country, the US is the largest export market for British goods; it is also the largest source of foreign direct investment.  Boris and key aides around him are strong proponents of the Anglosphere concept, a neglected philosophy that sees the informal alliance of the world’s English-speaking powers not as a relic of the UK’s past, but as the key to its future.  Obviously, this very different overall philosophy leads organically to a very different British foreign policy.  John HulsmanDr John C. Hulsman is senior columnist at City A.M., a life member of the Council on Foreign Relations, and president of John C. Hulsman Enterprises. He can be reached for corporate speaking and private briefings at www.chartwellspeakers.com. How the Anglosphere philosophy will fuel the new Prime Minister’s foreign policy It is often important to look at a leader’s idols for clues as to what makes them tick. Economically too, the Anglosphere represents the parts of the world that are actually growing, rather than the sclerotic European Union. India and the US account for two of the fastest-growing, major world economies.  The answer is there for all with eyes to see. While in Australia in 2017, Boris gave an impassioned speech firmly supporting Churchill’s unwavering belief in “the special genius of the English-speaking peoples”. In terms of strategic alliances, in Nato – still the undisputed flagship of western defence – only the US, UK, and France (just about) have full spectrum capabilities, that is, the capacity to engage in every sort of military mission from peace-keeping to war-fighting. As such, the US and the UK dominate the alliance.  whatsapp I myself was involved in the creation of this notion 20 years ago, as it explained to me the reality of much of international relations, and yet was fascinatingly almost never commented upon.  In Asia, the Anglosphere is also alive and well. The Australians, Indians, and Americans make up three members of the nascent “Quad” (the other being Japan), which over time is evolving into the key informal nexus for balancing China.  The Prime Minister’s natural ideological drift away from the hapless EU is likely to affect the Iranian crisis, with the UK adopting joint naval patrols with the US to protect shipping in the vital Strait of Hormuz, despite the usual German non-action.  The new Prime Minister’s Anglosphere philosophy amounts to a radically different foreign policy from the tired old British establishment positions of the past decades – one fit for purpose in the new era we find ourselves in. In terms of intelligence gathering, the “Five Eyes” of the US, UK, Canada, Australia, and New Zealand form the paramount intelligence sharing grouping in the world. Second, while Prime Minister Johnson will continue to welcome new Chinese investment to the UK, there will be significant caveats. He is likely to agree to the White House’s plea that the UK partly exclude Huawei, the Chinese government-dominated high-tech company, from its 5G telecoms market.  In addition, the 2019 Heritage Foundation Index of Economic Freedom makes for some fascinating reading. If Hong Kong is counted as a separate entity, as it is in the exhaustive report, then fully seven of the 10 freest and most open global economies (Hong Kong, Singapore, New Zealand, Australia, Ireland, Canada, and the UAE) are former colonies of an eighth, the UK.  The Anglosphere is vital to understand, as it provides an overall strategic narrative for much that the new Prime Minister is about to attempt to do in terms of Britain’s foreign policy. For all these hard-headed reasons, Boris and other believers in the Anglosphere see it as the future and not the past.  For Prime Minister Johnson definitively sees the world far differently from the tired, discredited British establishment, of which Theresa May was a charter member. ISLE OF WIGHT, UNITED KINGDOM – JUNE 27: Conservative party leadership contender Boris Johnson poses for a photograph in front of a Union Jack on a wall at the Wight Shipyard Company at Venture Quay during a visit to the Isle of Wight on June 27, 2019 on the Isle of Wight, United Kingdom. Boris Johnson and Jeremy Hunt are the remaining candidates in contention for the Conservative Party Leadership and thus Prime Minister of the UK. Results will be announced on July 23rd 2019. (Photo by Dominic Lipinski – WPA Pool/Getty Images) Given the strong Anglosphere advocates in and around the Trump administration, expect Boris to strike fast and cut such a free trade deal with pivotal America in the next couple of years.  Boris will accept the President’s argument that allowing 5G telecoms networks in the UK to be built with a foundation of Huawei hardware and software is an unacceptable national security risk for any Anglosphere nation, endangering the Five Eyes establishment. If it does so, Brexit is a success. If not, then it is a catastrophe.  Share Main image credit: Getty whatsapp Monday 5 August 2019 4:23 am City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Third, Boris understands that the key to a successful Brexit is ultimately not primarily about whatever terms the UK laboriously reaches with the EU. Instead, the crucial question is whether, in three to five years, Britain brokers free trade deals with such Anglosphere nations as the US, Canada, Australia, New Zealand, and India. Opinionlast_img read more

P&ID can seize $9bn in Nigerian assets, British court says

first_imgHe added: “P&ID is committed to vigorously enforcing its rights, and we intend to begin the process of seizing Nigerian assets in order to satisfy this award as soon as possible.” Main image credit: Getty But P&ID now says interest accrued means it is owed $9bn. whatsapp Today’s decision means that the arbitration is converted into a legal judgement, allowing P&ID to attempt a seizure of the assets. The saga dates back to a 2010 deal for the Nigerian government to supply gas to a processing plant built and run by P&ID. Share August Graham whatsappcenter_img A British judge said that Process and Industrial Developments Ltd (P&ID) can take 20 per cent of Nigeria’s foreign reserves. The move will likely raise concerns among foreign investors. An Irish-owned firm was today granted court permission to seize up to $9bn (£7.4bn) in assets from the Nigerian government. However, in 2013 P&ID won a $6.6bn arbitration case. The figure was calculated based on what the company was estimated to have earned over the course of the 20-year agreement. P&ID can seize $9bn in Nigerian assets, British court says Andrew Stafford QC, P&ID’s lawyer, said: “We are pleased that the Court has rejected Nigeria’s objections both to the arbitration process and to the amount of the award, and that it will grant permission to P&ID to begin enforcement of the award in the United Kingdom.” Friday 16 August 2019 1:33 pm Members of the drilling exploration team mark a new rock sample obtained during the mineral exploration survey at the Segilola Gold Project site in the village of Iperindo-Odo Ijesha, near the city of Ilesha, Osun State, Nigeria, on May 29, 2018. – Nigeria is working to diversify its economy, which has been dependent on the oil and gas sector for decades, through formalising the artisanal mining sector. (Photo by STEFAN HEUNIS / AFP) (Photo credit should read STEFAN HEUNIS/AFP/Getty Images) More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comlast_img read more

Eight arrested after climate protesters cause Tube chaos

first_img(Main image credit: Vladimir Morozov/akxmedia) Eight arrests made after Extinction Rebellion causes rush hour chaos on Jubilee Line Some of the UK’s biggest banks have defended themselves against Extinction Rebellion’s protests. Santander said on Monday that it is “one of the leading providers of green finance in the world, raising close to €50bn [£43.4bn] between 2015 and 2018”. Extinction Rebellion protests continued outside Youtube’s London HQ yesterday (credit: Getty) “Four arrests have been made in connection to the Stratford and Canning Town incidents,” BTP said. Read more: Extinction Rebellion protesters ignore police ban to return to Trafalgar Square Four people have also been arrested in connection with disruption at Shadwell. “The Tube & all modes of public transport are part of the solution to climate change, not the problem,” it tweeted. Eight arrests have been made after Extinction Rebellion protesters caused severe delays on the Docklands Light Railway (DLR) and Tube during rush hour today. Commuters into London’s financial districts faced a morning of rush hour misery as Extinction Rebellion protests brought services to a halt on the DLR and Jubilee Line in east London. Furious commuters reacted by dragging a climate change activist from the top of a train before appearing to attack him. Assistant chief constable Sean O’Callaghan said: “Despite our countless warnings, we are frustrated that Extinction Rebellion put people at risk to obstruct services on London’s rail network.  Thursday 17 October 2019 11:39 am whatsapp Transport union Aslef also criticised the protests. “This illegal action is extremely dangerous, counterproductive and is causing unacceptable disruption to Londoners who use public transport to get to work. It is also an unfair burden on our already overstretched police officers.” “Can we kindly suggest you stick to protesting against those who create the problem. Not our industry, members + hard working commuters.” “However, it was also concerning to see that a number of commuters took matters into their own hands, displaying violent behaviour to detain a protester at Canning Town. The group’s decision to target London’s tube follows a day of protests in the centre of the Square Mile on Monday, when activists demanded banks stop funding the fossil fuel industry. But Extinction Rebellion spokesperson Robin Boardman defended the action, saying the disruption was necessary to raise awareness of the dangers of climate change. The protests sparked fury among some commuters, however, and resulted in violent scenes at Canning Town when an activist was dragged from the top of a train to the platform.center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinitionzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.combonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunMisterStoryWoman files for divorce after seeing this photoMisterStoryautooverload.comGrossly Uncool Things Boomers Still Think Are Coolautooverload.com The protest group said today’s actions are “intended to bring further economic disruption to the capital as part of the ongoing campaign to convince the government to take meaningful action on the climate and ecological emergency”. “Understandably, the delay to passengers’ journeys would have been annoying, but this level of response was unacceptable. We are now investigating this morning’s events at Canning Town in its entirety.” “None of us want to inconvenience ordinary people. That’s why we’re doing this in the morning when it will impact business as usual, and not in the evening, when people want to get home to be with their loved ones.” whatsapp “Those who obstructed services are in custody and will be dealt with robustly. This type of action is completely at odds with what Extinction Rebellion are campaigning for and we will continue to urge them to not target any rail network.  “If this is what it takes to make them take notice before it is too late, then this is what we must do,” he said. More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com O’Callaghan added that the Tube is one of London’s greenest transport networks, saying Extinction Rebellion has contradicted the point of its own protests by targeting the London Underground. Transport for London and British Transport Police (BTP) cleared the protesters from the lines by 8.30am, however, letting service resume. Extinction Rebellion activists were defying an order from the Metropolitan Police that on Monday night banned them from protesting in the capital. The group has denounced the ban as “draconian”. At least one protester glued themselves to the roof of a DLR train at Shadwell station, with Extinction Rebellion calling the disruption “necessary to highlight the emergency and immediate action needed to avert climate catastrophe”. Harry Robertson BTP warned Extinction Rebellion against taking such action yesterday. Mayor of London Sadiq Khan said: “I strongly condemn the Extinction Rebellion protesters who have targeted the London Underground and DLR this morning. Share BTP said officers were called to simultaneous action by Extinction Rebellion at Stratford, Canning Town and Shadwell stations. Read more: Extinction Rebellion targets London’s financial heart in day of actionlast_img read more

Essex lorry deaths: Post-mortems to begin on 39 victims

first_img whatsapp “The Chinese Embassy has sent a team led by the minister-counsellor in charge of consular affairs to Essex, England,” Liu tweeted. Friday 25 October 2019 9:35 am The first post-mortem examinations are set to begin on some of the 39 people found dead in a refrigerated lorry trailer in Essex this week. It is believed the eight women and 31 men found are Chinese, although it is yet to be confirmed. Chinese ambassador to the UK, Liu Xiaoming, has sent a team to Essex to help identify them, but could not yet confirm if they were Chinese nationals. ‘Slow, organised progess’ A private ambulance took the bodies to the hospital just before 8pm and Essex Police said it would take time to transport the victims, with their dignity a primary concern. “They have met with the local police, who said that they are verifying the identity of the 39 deceased, whose nationality still cannot be confirmed.” Read more: More details emerge in Essex lorry death case THURROCK, ENGLAND – OCTOBER 23: Police forensic investigation officers stand near the site where 39 bodies were discovered in the back of a lorry on October 23, 2019 in Thurrock, England. The lorry was discovered early Wednesday morning in Waterglade Industrial Park on Eastern Avenue in the town of Grays. Authorities said they believed the lorry originated in Bulgaria. (Photo by Leon Neal/Getty Images) More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Read more: 39 found dead in Essex lorry were Chinese nationalscenter_img Essex lorry deaths: Post-mortem examinations to begin on 39 dead He said pathologists would also look to clues as to how they ended up in the refrigerated unit. “It is a meticulous examination starting with looking externally,” he said. “Have these people been tortured? Have they been sexually assaulted? Have they been beaten and forced in?” “What clothes were they wearing? Is there any jewellery that might identify them? Are there any documents? Are there passports?” Michael Searles Eleven of the victims were taken to Broomfield Hospital in Chelmsford on Thursday evening from the Port of Tilbury. Detectives have also been granted extra time to hold the lorry driver Mo Robinson, 25, from County Armagh on suspicion of murder. Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndo Leading forensic pathologist Dr Richard Shepherd, told the BBC that the post-mortem examinations would be a “very slow, organised process”.last_img read more

The economic impact of Brexit tariffs only tells us half the story

first_imgEconomics has moved on in the past two centuries, but the concept of comparative advantage, modified by factors such as the distance between countries, is still seen as a key determinant of trade patterns. Brexit is about much more than the economic costs and benefits, but the idea that the former dramatically outweigh the latter has become the received wisdom in much of the media. whatsapp If the basic pattern of trade is fixed by comparative advantage, then if Brexit means higher tariffs for the UK, as a country we will lose out. In a nutshell, this is what lies behind all the negative assessments of the impact of Brexit. His answer introduced the fundamental concept of comparative advantage. England had an absolute advantage in producing both cloth and wine, but the country should choose to specialise in producing the one in which its advantage compared to Portugal was bigger.  Both would benefit if England produced only cloth and Portugal only wine, and they traded. However, the key word in the last paragraph is “if”.  Like almost all economic theory, these models are static. They assume that the network of trade is fixed, and analyse the consequences of changing prices through tariffs. Share Opinion The EU has become mired in regulation and the level of innovation is low. Outside the EU, the UK could alter the patterns of trade by innovating in, say, biotech or AI-related products and services. It is this dynamic response, and not the static one, which will determine whether or not Brexit is a success. The real problem is that they miss out key bits of the story. We can think of the classic tale of the person dropping his car keys in the street at night. He only looks for them under the street lamp, where the light is.  Main image credit: Getty Paul OrmerodPaul Ormerod is an economist at Volterra Partners LLP, a Visiting Professor in the Department of Computer Science at UCL, and author of Against the Grain: Insights of an Economic Contrarian, published by the IEA in conjunction with City A.M. Ricardo imagined, to illustrate his theory, a world with just two countries and two products. His examples were England and Portugal, and cloth and wine – but they could have been any countries and any products. Ricardo asked a simple but profound question. If England could produce both cloth and wine more efficiently than Portugal, why would trade take place at all? How could the more efficient country, England, benefit from trade?center_img Report after report emerges which purports to show that, under any of the various trade arrangements envisaged, the UK will be worse off as a result of Brexit. Wednesday 30 October 2019 4:01 am In the same way, standard economic analysis of Brexit only illuminates part of the landscape. The economic impact of Brexit tariffs only tells us half the story Economic models which claim to analyse the impact of Brexit are true – but only up to a point, Lord Copper, as the saying goes. These studies are not wrong. They all use perfectly standard economic theory to arrive at their conclusions. But they are misleading. DOVER, ENGLAND – MARCH 05: Lorry drivers board a ferry to Calais at the port of Dover on March 5, 2018 in Dover, England. The haulage industry faces an uncertain future while Brexit negotiations between the British government and the European Union continue. Many in the industry, which currently enjoys the free movement of goods within the EU, are concerned of possible lengthy waits at borders if full customs checks are brought back in after Brexit. Managing director of haulage firm INT Logistics Norman Ives says that having lorries standing still and waiting at borders “will cost the industry millions… and prices will have to rise dramatically”. The Road Haulage Association meanwhile is anxious about a piece of government legislation which will see a permit system for international drivers introduced in the event of no deal being done with the EU. (Photo by Jack Taylor/Getty Images) The explanation of why trade occurs between countries was given 200 years ago by the great English economist David Ricardo. It is still the basis of the modern economist’s understanding of trade. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. In terms of Brexit, introducing complexities like tariffs into the picture essentially affects the amount which is traded, and not the structure of trade in terms of who sells what to who. whatsapplast_img read more