Posts Tagged ‘United Kingdom’

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International Outrage Follows Arrest of Wikileaks Founder

Tom Ramstack – AHN News Correspondent London, United Kingdom (AHN) – International protest is building about the arrest of Wikileaks founder Julian Assange this week. Assange is being held in a British jail awaiting extradition to Sweden on rape charges. Meanwhile, the U.S. Justice Department is seeking to extradite him to the United States to [...]

Britain’s FSA Refuses To Publish Results Of Royal Bank Of Scotland Probe

AHN News Staff London, England, United Kingdom (AHN) – Anger is growing throughout Britain over the refusal by the Financial Services Authority to publish the result of its investigation of the Royal Bank of Scotland failure. The FSA commissioned PricewaterhouseCoopers to probe the RBS, which needed a $67.5 billion (GBP 45 billion) government bailout after [...]

EU Agrees To $113 Billion Bailout For Irish Republic

AHN News Staff Dublin, Ireland (AHN) – European ministers have agreed to grant a bailout of $113 billion to the Irish Republic to tackle its financial crisis. Some $46 billion will be given to reinforce the Irish banking system, while the remaining $67 billion will be given to the government for its daily spending. The [...]

UK Plans State Intervention In Name of Public Health

Lawrence Mijares – AHN News Contributor London, United Kingdom (AHN) – Britain’s health secretary Andrew Lansley announced during a televised interview Sunday that the coalition government is going to ban cheap alcohol, dissuade teenagers from smoking and to encourage young mothers to breastfeed their babies. Lansley confirmed that the coalition government was preparing a range [...]

Euro Slide Continues As Trader Skepticism Grows Over Irish Bail-Out

Linda Young – AHN News Writer Dublin, Ireland, United Kingdom (AHN) – Ireland’s debt crisis and austerity plan has fueled uncertainty among traders, causing the euro to continue its slide in value against the dollar. The European Union’s common currency is now down to two-month lows at $1.3314; it has fallen by more than three [...]

New Unite Leader Warns Of Closer Prospect Of New BA Strike

AHN News Staff London, England, United Kingdom (AHN) – New Unite leader Len McCluskey warned Wednesday of the potentual for a new British Airways strike ballot following the suspension by the air carrier of an employee who organized a Christmas fund for terminated and suspended BA crew. BA suspended flight attendant Andrea Molton – who [...]

Ireland Accepts EU, IMF Bailout Package

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – Ireland formally accepted over the weekend the international bailout offer of the European Union and the International Monetary Fund. After hedging for a few days and insisting Dublin had sufficient financial resources, Irish authorities gave in to pressure and asked for a loan. According to reports, [...]

Ireland Finally Admits Need For Bailout

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – After hedging for several days, Ireland finally admitted Thursday that Dublin needs the international bailout being offered by the European Central Bank or the International Monetary Fund. Irish Central Bank Governor Patrick Honohan said the international loan would likely happen to deal with concerns of the [...]

Osborne: UK will help Ireland through debt crisis

Chancellor vows to help restore stability to Ireland’s banking system as European finance ministers gather for crunch meeting – Ireland bailout live blog: follow the latest here George Osborne pledged that Britain would support Ireland’s attempts to stabilise its banking system today, as experts from the International Monetary Fund, European Central Bank and EU prepared [...]

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