Considerable disruption for London commuters

  Twenty thousand , Tube workers have gone on strike across the entire London Underground network in a row over pay and conditions. The strike officially began a 18:30 BST and will finish on Thurday 9th July 2015 at 21:30. Commuters are facing considerable disruption across the capital. First Great Western services to and from…

Budget 2015: Osborne unveils National Living Wage

George Osborn delivered his 7th budget as Chancellor, the first for a Conservative government since November 1996, unveils millions in tax cut but surprises with a compulsory national wage of £9 an hour by 2020.  *New national living wage will be introduced for all workers aged over 25, starting at £7.20 an hour from April…

Turkish Airliner diverted to Delhi after security threat

“There was a bomb threat to the Turkish Airlines flight and therefore they decided to land it in New Delhi,” according to a spokesperson from the federal Central Industrial Security Forces. Turkish Airlines flight TK65 from Bangkok to Istanbul, made an emergency landing at Indira Gandhi International airport in New Delhi, after their crew spotted…

Who ditched you?

“Who Deleted Me on Facebook”, a new iOS app in Facebook lets you track your enemy, and are able to know who precisely ‘un-friended’ you on Facebook. We look for someone who we know to be a friend of ours on Facebook and they are no longer on our list of friends. A search for…

Greek voters reject the bail out offer by nearly 61%

Millions of Greeks have voted No in a critical referendum on whether to accept the terms of an International bail out. The Government had urged the people to voted No, saying the bail out terms are humiliating. Only 39 % voted yes but overwhelming 61% voted No, as large crowds gathered in Athens to celebrate.…

Short sellers trigger Shanghai stocks rout

Shanghai Index and the Shenzhen composite were both down 5.8 per cent and 5.4 per cent respectively. The two indices have fallen 30 per cent since June 2015 and is destabilising the Chinese economy at a time when it shows signs of slowing down.  China’s Securities Regulatory Commission said it had opened a probe into…

The Greek referendum

In 2008, Iceland became the state for boom and bust. The country’s three main bank grew rapidly and consumed debt worth £55bn ($85bn) to find collective balance sheet of 10 times bigger than the country’s economy. In 2008 as financial crisis hit all time low and triggered a collapsed sparking a downturn. Since then their economy…

£20bn charity donation from Saudi prince

The 60-year-old nephew of King Salman and Saudi Arabian billionaire Prince Alwaleed bin Talal  number 34 on the Forbes list of world’s richest people, has said he will donate his entire £20bn ($32bn; €29bn) personal fortune to charity. The money would be used to “foster cultural understanding”, “empower women”, and “provide vital disaster relief” and…

Military plane crash kills 141 in Indonesia

A major rescue operation is under way after military transport C-130 Hercules plane, which took off from Polonia airport with 12 crew members and 101 passengers on board crashed in a residential area of Medan in Indonesia.  141 people were killed instantly.  The crash site is still engulfed in flames and thick black plumes of smoke…