UK to send MEPs to European Parliament – but for how long?

UK to send MEPs to European Parliament – but for how long?

Politicians elected for these reallocated seats will in limbo – unable to take up their place until the UK and its MEPs leave//Crimson Tazvinzwa
Almost three years after voting to leave the European Union, Britons will go to the polls to elect new MEPs after Brexit was delayed. Continue reading UK to send MEPs to European Parliament – but for how long?

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The Londoner: Donkeys make an ass out of Farage

The Londoner: Donkeys make an ass out of Farage

Guerrilla anti-Brexit outfit Led by Donkeys has restarted its viral poster campaign, which shames politicians by sharing their past statements on giant billboards.

This time, Led by Donkeys has Nigel Farage and his Brexit Party firmly in the crosshairs over the party’s “failure to publish a manifesto”. The group is plastering quotations from Farage and his fellow candidates across the land. This, the group claims, can stand in for a policy platform, alongside a spoof website the group has also created.

“Until they publish a manifesto we have to assume the party’s policies are the policies, beliefs and statements made by the leaders of the party,” Led by Donkeys told The Londoner. Continue reading The Londoner: Donkeys make an ass out of Farage

Brexit cross-party talks fail over ‘weakness and instability’ of Theresa May’s Government

Brexit cross-party talks fail over ‘weakness and instability’ of Theresa May’s Government

I have written to Theresa May to say that talks on finding a compromise agreement for leaving the European Union have gone as far as they can; Labour Party Leader Jeremy Corbyn

It was the moment we all knew would arrive sooner or later. On Friday morning it emerged that cross-party talks on Brexit had finally collapsed. 

Theresa May and Jeremy Corbyn, the leaders of two very different forces in British politics, failed to reach a compromise deal after six weeks of negotiations, and, it seems, we are back to square one.  Continue reading Brexit cross-party talks fail over ‘weakness and instability’ of Theresa May’s Government

Prime Minister Theresa May ‘in tears’ as she is forced to say when she will quit

Prime Minister Theresa May ‘in tears’ as she is forced to say when she will quit

Boris Johnson threw his hat into the ring yesterday, saying he would ‘go for it’ referring to the Tory party leadership

Theresa May was said to have had tears in her eyes as she was told MPs have run out of patience for her to announce her departure date. The Prime Minister has been fighting to keep her Brexit deal alive and prolong her position, but her grip on power has weakened.

She has been told she must go by June 30 at the latest so that the Tories can hold a leadership election. Campaigning for that job has effectively already begun with Boris Johnson announcing yesterday that he would ‘go for it’. She met with senior members of the 1922 Committee of Tory MPs in what has been described as an ’emotionally-charged’ meeting yesterday. Mrs May’s chances of receiving Labour support for the Withdrawal Agreement Bill (WAB) appear to be fading, with Jeremy Corbyn’s party frustrated at the lack of progress in cross-party talks and the prospect of a new prime minister tearing up any compromise. Continue reading Prime Minister Theresa May ‘in tears’ as she is forced to say when she will quit

EU regulators fine five banks 1.07 billion euros for forex rigging

EU regulators fine five banks 1.07 billion euros for forex rigging

Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging//Crimson Tazvinzwa
BRUSSELS, May 16 (Reuters) – EU antitrust regulators on Thursday fined Barclays, Citigroup, JPMorgan , MUFG and Royal Bank of Scotland a total of 1.07 billion euros ($1.2 billion) for rigging the spot foreign exchange market for 11 currencies

Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.
Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission.
A similar case with the U.S. regulators is ongoing where Barclays, BNP Paribas, Citigroup, J.P. Morgan, Royal Bank of Scotland and UBS have entered related guilty pleas, and been collectively fined more than $2.8 billion. Continue reading EU regulators fine five banks 1.07 billion euros for forex rigging