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Slovakia property prices outlook: will demographics trigger a real estate slowdown?
Reliable transport solutions across Slovakia and the European Union – EuroLogix s. r. o.
Kirchner meets Picasso in Davos: landmark Swiss exhibition unites two giants of modern art
Belgians more downbeat than most Europeans about the future, new EU survey shows  
EU approves €551 million recovery payment to the Netherlands for innovation, housing and health reforms
Indonesia takes delivery of first Rafale fighter jets in $8 billion defence upgrade
Italy protests Swiss court ruling, recalls ambassador after New Year’s bar fire suspect freed
German producer prices drop 2.5% in December, meeting market expectations
Swiss unemployment climbs to 3.1% as job market weakens at year-end
French aerospace warns global supply chains are becoming geopolitical weapons

Politics

Falling pound a boon for British tourism

Category: Politics
11 July 2016

 

On a sunny afternoon near Big Ben, two weeks since Britain’s historic decision to leave the European Union, little has changed for visitors to the capital London except that their visits are now cheaper.

As tourists take selfies at the foot of the British Parliament’s famous clock tower and at red telephone boxes, there is little talk of what the “Leave” victory in the referendum means for the EU’s future. But the ensuing currency plunge is seen as a plus.

“For my holidays, it’s great! They are cheaper every minute,” said Robbert de Reus, from Middelburg in the Netherlands, his sunglasses perched on his head.

This is because a plunge in the value of the pound against the dollar and the euro has made holidays in Britain almost 15 percent cheaper for foreign tourists.

 

 

Read more …

Hundreds join 'Black Lives Matter' protest in London

Category: Politics
10 July 2016

 

Several hundred people protested in London Saturday after the killing of black men by police in the United States.

The Black Lives Matter demonstration saw protesters march to a police station and block buses and traffic, an AFP photographer at the scene said.

Chanting and sitting in the road, demonstrators carried placards with slogans such as "Stop Killing Us" and "White Silence Costs Lives".

 

London's Metropolitan Police declined to comment on the march in Brixton, south London, or give any information about the number of officers deployed.

 

Read more …

Condemned over Iraq, Blair fights for his reputation

Category: Politics
07 July 2016

 

At times close to tears, former prime minister Tony Blair faced the world’s media Wednesday to defend his place in history after the damning findings of Britain’s inquiry into the Iraq war.

There was an apology — of sorts — from the former Labour leader, who in 1997 at the age of 43 became Britain’s youngest premier in nearly two centuries.

“I express more sorrow, regret and apology than you may ever know or can believe,” said a hoarse-sounding Blair, his voice breaking.

He also insisted that memories of events around the invasion — which led to the death of more than 150,000 Iraqis and 179 British soldiers — would never leave him.

“There will not be a day of my life where I don’t relive or rethink what happened,” he told the news conference at London’s Admiralty House, once home to wartime prime minister Winston Churchill.

But after nearly two hours of talking and a barrage of questions from journalists, Blair was still adamant that he had taken the right decisions on Iraq despite the serious flaws in planning and execution which dogged the US-led invasion in 2003.

 

Read more …

Seven years on, UK's Iraq inquiry gives its verdict

Category: Politics
05 July 2016

 

Seven years after it began, the official inquiry into Britain's role in the Iraq war finally reports on Wednesday with former prime minister Tony Blair expected to face severe criticism.

The Chilcot inquiry launched in 2009 as British troops withdrew from Iraq, tasked with investigating the run-up to the 2003 US-led invasion and the subsequent occupation.

Tens of thousands of Iraqis died during the conflict and the brutal sectarian war that followed, while 179 British soldiers also lost their lives -- many of whose relatives are still searching for answers.

The invasion was controversial at the time as it did not have explicit approval from the UN Security Council, while claims that Iraqi leader Saddam Hussein had weapons of mass destruction proved unfounded.

Although he stepped down in 2007, Blair remains reviled by much of Britain for the conflict, which is viewed as at best misguided, and as worst a war crime.

 

Read more …

Sadness, insomnia, and frustration: Britain dealt a dose of the Brexit blues

Category: Politics
04 July 2016

 

 

Sadness, insomnia, frustration and confusion: the Brexit blues have gripped many European Union supporters since Britain's shock decision to leave the bloc last week.

"I would say I am currently suffering from anxiety and/or depression," EU backer Mick Watson, 41, told AFP.

"I hadn't felt anything like this before Friday's referendum result. I am worried, very worried.

 

 

"I am constantly online, my work and home life has suffered. I feel like my way of life is threatened and that's scary," added the University of Edinburgh researcher.

The seismic vote has forced Britain to recognise the deep divisions within its society, a profound realisation that heralds a turbulent and uncertain future.

Around 17.4 million people voted to leave the EU, while 16.1 million voted to stay, leaving huge numbers fearful of life outside the bloc.

 

Read more …

Brexit vote shakes London property market

Category: Politics
03 July 2016

 

 

The Brexit vote could cool London's superheated property market, with some professionals already noting signs of a slowdown, though Gulf investors have signalled their interest is so far undimmed.

After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 percent higher than their pre-crisis peak.

The growth was fuelled by population pressure, a desire by Britain's wealthier classes to put their savings into bricks and mortar, and the decision by magnates from the Gulf and Russia that London property was a safe place to park their fortunes.

But cracks were already starting to appear before Britain's shock vote on June 23 to leave the European Union, and these are now being magnified by fears of the economic fall-out and uncertainty that follows.

"Housing market activity and prices now look to be at very serious risk of an extended, marked downturn following the UK's vote to leave the EU," said Howard Archer, chief UK and European economist at IHS Global Insight.

 

Read more …

Fidelity insists jobs switch not Brexit linked

Category: Politics
01 July 2016

 

 

British investment fund manager Fidelity will move 100 jobs from London to Dublin, it said Friday, but stressed the decision was made before the shock EU exit referendum result.

 

 

"We have been recruiting into the Dublin office at the moment and there are some roles that will be moving from the UK," a Fidelity spokeswoman told AFP.

 

 

"To be clear, this is all part of this long term strategy mentioned above, a strategy which has evolved over time and has nothing to do with the referendum."

 

 

The British people voted last week in a crunch referendum to leave the European Union, with 52 percent in favour and 48 percent against.

 

Read more …

Gascoigne to stand trial over alleged racist joke

Category: Politics
30 June 2016

 

Paul Gascoigne will stand trial in September after the troubled former England international footballer pleaded not guilty on Wednesday to a racially aggravated public order offence.

The 49-year-old, affectionately known as “Gazza”, allegedly made a racist joke about a security guard during “An Evening With Gazza” show in Wolverhampton, central England, in November last year.

Read more …

Race opens to find Brexit Britain's new leader

Category: Politics
29 June 2016

 

The ruling Conservatives fired the gun Wednesday on the race to pick Britain's next premier after a shock Brexit vote, as departing David Cameron turned his fire on beleaguered opposition leader Jeremy Corbyn.

Ex-London mayor and anti-EU campaigner Boris Johnson is tipped as a favourite to take over from Cameron on September 9 while interior minister Theresa May, who wanted to stay in the bloc, is another frontrunner.

Despite last week's surprise vote, it was not Cameron -- who is quitting after leading the unsuccessful "Remain" campaign -- but Corbyn who faced the roughest ride at parliament's weekly Prime Minister's Questions session.

Corbyn has vowed to stay in his job despite losing a confidence vote of MPs in his Labour party, dozens of whom have quit his frontbench team in recent days.

"It might be in my party's interests for him to sit there, it's not in the national interests and I would say, for heaven's sake man, go," Cameron told the veteran socialist, to loud cheers from MPs.

 

Read more …

World's largest uncut diamond fails to sell in London

Category: Politics
29 June 2016

 

The world's largest uncut diamond failed to sell at auction in London on Wednesday after the bids fell short of the reserve price.

The Lesedi La Rona, a 1,109-carat, tennis ball-sized gem found in Botswana, had been predicted to sell for over $70 million.

But the Sotheby's auctioneer failed to persuade bidders to go above $61 million for the jewel, which was discovered in 2015 by the Lucara Diamond Corp.

"Though widely admired in the months preceding this evening’s auction, and despite having seen bidding in the salesroom, the Lesedi la Rona failed to reach its reserve price and consequently did not find a buyer tonight," Sotheby's said in a later statement.

Sotheby's chairman of jewellery David Bennett had called the diamond "the find of a lifetime."

 

Read more …

More Articles …

  1. Banking, airline and property shares plunge in London
  2. After Brexit vote, what happens next in UK?
  3. Two million sign UK petition for second EU vote
  4. Pro-EU Londoners rebel with 'Lexit' secession call
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