February, 2016

• 22 February

  British PM to make EU case to Commons on ‘Brexit’

  

  London / Bloomberg David Cameron will make the case for staying in the EU to Parliament after London Mayor Boris Johnson became the highest-profile figure to say he’ll campaign for Britain to quit the 28-nation bloc, sending the pound plummeting. Cameron is due to address lawmakers in the House of Commons on the reform deal he struck with fellow European ...

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• 22 February

  Pound dips most as London Mayor backs ‘Leave’ campaign

  London / Bloomberg The pound fell the most since May 2010 after London Mayor Boris Johnson, one of the U.K.’s most popular politicians, said he’ll campaign for Britain to leave the European Union in a June referendum. Sterling dropped at least 1.1 percent against all its 16 major peers, reversing a gain made on Friday when Prime Minister David Cameron ...

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• 22 February

  Closing borders would cost €470bn over a decade, says German study

  

  BERLIN / AFP Ending Europe’s open-borders Schengen agreement would cost EU economies at least 470 billion euros ($520 billion) over a decade, according to a German study published on Monday. The impact on trade flows would also cost major trade partners the United States and China tens of billions of euros each, said the study by the Prognos institute on ...

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• 22 February

  Russian banks come under attack across Ukraine

  Lviv / AFP Branches of at least three Russian banks have been attacked during a spate of weekend violence across Ukraine that coincided with the second anniversary of the ouster of Kiev’s Moscow-backed leadership. The latest incidents occurred overnight Sunday in Lviv — a nationalist bastion in the west of the former Soviet republic — where unknown assailants torched the ...

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• 22 February

  Irish bankers remain target for politicians ahead of polls

  London / Bloomberg Irish banks are acting immorally, and ripping off their customers. At least, that’s what politicians are saying before the nation’s Feb. 26 general election. Bankers remain a prime target for politicians, seeking to win over voters still angered by what the IMF described as the world’s costliest banking crisis since the Great Depression. Fianna Fail, once the ...

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• 22 February

  Russia seeks to fly over USA with surveillance camera

  

  Washington / AP Russia seeks permission to start flying surveillance planes equipped with high-powered digital cameras amid warnings from US intelligence and military officials that such overflights help Moscow collect intelligence on the United States. Russia and the United States are signatories to the Open Skies Treaty, which allows unarmed observation flights over the entire territory of all 34 member ...

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• 22 February

  EU, USA suggest postponing early Macedonia poll

  

  Bloomberg The European Union and the U.S. suggested to the Republic of Macedonia to postpone the snap vote planned for April 24 in order to ensure fair campaigning and elections in the former Yugoslav republic. The country, which seeks to join the EU, hasn’t achieved an agreement on media reforms “to ensure a more level playing field,” according to the ...

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• 22 February

  Portugal opts for refugees to revive population

  

  Lisbon / AFP Traditionally a country of emigration, Portugal has offered to take up to 10,000 migrants from countries struggling to cope with the influx, to help maintain its own population. Portugal’s socialist premier Antonio Costa last week sent letters to Austria, Greece, Italy and Sweden—countries that have seen refugees arrive in large numbers—offering to welcome up to 5,800 more ...

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• 22 February

  USA drops N Korea peace talk plan after missile test

  Bloomberg The US called off nascent talks with North Korea aimed at formally ending the Korean War when it became clear that the reclusive nation wasn’t interested in stopping its nuclear program by conducting a ballistic missile test. The talks, which Pyongyang requested according to the US, ended after North Korea rebuffed a US demand that denuclearization be a condition ...

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• 22 February

  Tipping point looms for South Africa as economy’s despair grows

  

  Bloomberg Not since Nelson Mandela walked out of Victor Verster prison 26 years ago have investors been gloomier about South Africa’s economy. Money is pouring out at a record pace as inflows dwindle. The rand has plunged and unemployment is the highest among almost 40 developing nations tracked by Bloomberg. Drought is driving up food costs. Hanging in the balance ...

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