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David Cameron tells Channel 4 News’ Matt Frei “we can’t keep kicking the can down the road” on the eurozone crisis, as the FTSE suffers its biggest daily fall in almost three years.
Markets slide after bleak economic data from across the globe stokes recession fears. One analyst tells Channel 4 News the western world is facing a “sharp slowdown”.
Amid the tumult of re-escalating eurozone crisis, the G7 meets in Marseille on Friday. Just five years ago that would have been seen as a sign for comfort. The finance ministers of the world’s seven most advanced “industrialised” (deindustrialised, surely?) nations meeting to iron out a common cooperative response to the world’s economic problems.
Ministers and pressure groups have called for local authorities to publish better statistics on the effectiveness of speed cameras.
Tonight is a big test for both sides. The government cannot afford for this to go on for days longer. At the moment the opposition is being restrained, and aiming it’s fury at the rioters. But you can be sure there will be a political reckoning on how the government handled this – and the idea that people no longer feel safe is a potent political argument. The party of law and order is not easy to see right now.
So it has come to this. America’s trading reassured by a few tens of thousands of payrolls and the presence of Super-Silvio at an urgently convened press conference in Rome.
It feels like August 2008 all over again. Thin markets, sharp movements in stock prices and credit markets. Europe’s leading bank shares slumping by up to 10 per cent. The world’s financial leaders on holiday.
The UN’s food agency is set to hold emergency talks in Rome to urge donor countries for an extra $1.6bn in aid, amid the worst drought in east Africa for 60 years.
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The price of staple foods, such as corn, is set to double in the next 20 years unless global leaders take action, Oxfam warns.
Syrian forces fire on protesters as President Assad’s regime continues its brutal crackdown on dissent. The G8 leaders say they are “appalled” by the violence and demand an end to it.
PC Simon Harwood, the Metropolitan Police officer involved in the G20 protests death of Ian Tomlinson has been charged with manslaughter and will face trial.
The Metropolitan Police officer involved in the G20 protests death of Ian Tomlinson has been charged with manslaughter and will face trial.
The shock arrest of Dominique Strauss-Kahn has created “a political earthquake” in France and plunged the IMF into crisis. What are the implications for France and the world economy?
The largest buyer of coffee in the world is basically accusing the City and Wall Street of orchestrating price rises of food for their own benefit.