POLITICAL NEWS
16 Oct
Iraqi troops move to retake Kirkuk from Kurdish control
iraqi kurdistan near erbil

Iraq has taken control of key areas of the dispute city of Kirkuk, seizing the international airport, a key oil field and a military base in what is an oil-rich area bordering the Kurdistan Region.

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16 Oct
Puigdemont defies Madrid deadline for clarification in Catalonia dispute
ep catalunapreparala diada

Catalan president Carles Puigdemont has ignored an ultimatum from Spanish prime minister Mariano Rajoy to formally clarify whether he has declared independence for the region.

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16 Oct
May heads to Brussels for crunch Brexit dinner
Theresa May

PM Theresa May will travel to Brussels on Monday to attempt to break the Brexit deadlock between negotiating teams from the UK and the EU.

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13 Oct
Juncker: EU intervention in Catalonia would cause 'chaos'
cataluna-banderas-2

European Commission president Jean-Claude Juncker has said any intervention from the EU in the political crisis in Spain would only serve to cause “more chaos”.

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13 Oct
Treasury select committee demands FCA reveal findings of RBS-GRG report
FCA

Nicky Morgan, chairperson of the Treasury select committee warned the Financial Conduct Authority (FCA) that it would invoke rarely-used powers to compel the regulator into disclosing the details of its report on the Royal Bank of Scotland's treatment of customers.

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13 Oct
Australia boasts one of the most rapidly rising levels of income inequality
fmi sede imf

The International Monetary Fund (IMF) said on Thursday that Australia had seen some of the highest levels of income inequality growth on the planet since the 1980s, just weeks after Treasurer Scott Morrison denied inequality was worsening across the nation.

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13 Oct
Brexit bill delayed as MPs introduce deluge of amendments
 parliament house of commons london westminster politics

PM Theresa May has had to delay a key piece of Brexit legislation after hundreds of MPs proposed amendments to the bill.

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12 Oct
North Korea issues fresh threat, says it's close to final goal
north korea kim jong un corea

North Korea' foreign minister stoked renewed tensions in northeast Asia, saying the US president had set the region on a course towards war, adding that his country's nuclear weapons programme could never be a subject of negotiation and that Pyongyang was close to achieving a real balance-of-power with America.

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12 Oct
Ofgem energy price cap could last through 2023
meter, energy

Downing Street's plan to freeze the cost of power to almost two-thirds of British households could potentially see energy regulator Ofgem cap standard variable tariffs to around 18m accounts until 2023.

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12 Oct
Trudeau warns Trump over potential fallout from Bombardier spat
justin-trudeau

Canadian Prime Minister Justin Trudeau told Donald Trump on Wednesday that he would stop his nation's military from purchasing any further aircraft from Chicago based aerospace giant Boeing if the White House insisted on moving forward with its plans to enforce a 300% import tariff on Bombardier aeroplanes into the US.

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12 Oct
Brexit talks hit 'deadlock' over divorce bill, EU's Barnier says
michel-barnier-commissaire-europeen

The European Union's chief Brexit negotiator says talks with Britain have reached "deadlock" over the divorce bill but "decisive progress" could be made by Christmas.

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12 Oct
National Living Wage cuts number of low-paid workers by 300,000
osborne, chancellor

More than 300,000 low-paid Britons were given an added boost to their pay packets after former chancellor George Osborne's National Living Wage (NLW) scheme coalesced into the biggest year-on-year fall in low pay since 1977.

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12 Oct
Deutsche Banks lifts Spain stocks to 'overweight', spies lower 'break-up' risk
Caixa

On a related note, analysts at Deutsche Bank raised their recommendation on Spanish stocks from an 'underweight' to an 'overweight' as - in their opinion - the tail risks of a break-up of the country had faded.

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11 Oct
Hard Irish border inevitable post-Brexit, MPs told
england ireland great britain

A post-Brexit hard border between Northern Ireland and the Republic of Ireland is unavoidable if the UK leaves the customs union, a senior economist has told MPs.

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11 Oct
Trump to visit UK on 'working visit' in early 2018
donald-trump 20170823153422

Donald Trump was said to be planning a stripped-down trip to the UK in early 2018 as diplomats discussed the idea of the president embarking on a "working visit" to Britain as opposed to the standard red carpet affair.

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11 Oct
Spanish Socialist leader announces deal to study Constitutional reform
españa bandera, spain, spanish, flag

Spain's Socialist leader welcomed a deal with the country's Prime Minister to analyse a possible reform of the Constitution.

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11 Oct
Hammond prepared for breakdown in Brexit talks, refuses to release funds
hammond philip chancellor

UK Chancellor Philip Hammond has echoed sentiments that the government is preparing for a no-deal conclusion to Brexit negotiations, but will not make funds available for such contingency plans.

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11 Oct
Spain takes first step towards invoking Article 155
barcelona

Spain's government has taken a first step towards invoking article 155 of the Spanish Constitution, which would open the door to the possible suspension, in part or in whole, of the region of Catalonia's autonomy.

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11 Oct
Madrid mulls response to Puigdemont's 'suspended independence'
Rajoy, Moncloa

Spanish prime minister Mariano Rajoy will chair a special meeting of his cabinet on Wednesday after Catalan president Carles Puigdemont simultaneously declared and suspended independence for the region.

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