Foreign Secretary Dominic Raab to intervene in case over £1.4bn of gold deposited in the Bank of England In a case that is set to determine the fate of almost £1.4bn of Venezuelan gold deposited in the Bank of England, UK’s Foreign Secretary Dominic Raab has been granted permission to intervene at the Supreme Court during a hearing scheduled for next month. The case at the highest court in the land is between the [...]
Review: How socialism became the failed idea that never dies Review: How socialism became the failed idea that never dies German writer and economist Rainer Zettleman looks at a new book on the enduring – and illogical – appeal of socialism Why have socialist ideas once again developed such a strong appeal, even though every single socialist experiment over the past 100 years has failed? British economist Kristian Niemietz provides an answer in his book Socialism: The Failed Idea That Never Dies. He cites over two dozen socialist [...]
Oil prices fall two per cent on fears of escalating US-China trade war Oil prices fell this morning, losing around two per cent of their value and dipping below the $70 per barrel line as worries over the US-China trade war spooked investors. International standard Brent Crude dropped around two per cent to $68.74 at just before midday after reaching day-lows of $68.47 per cent earlier. Read more: [...]
Wikipedia to fight Turkey ban in European human rights court May 23, 2019 Wikipedia is taking Turkey to the European Court of Human Rights as it seeks to overturn a blanket ban on its website in the country. The Wikimedia Foundation, the charity behind the online encyclopaedia, said it has filed an application with the Strasbourg court in a bid to lift the block, which was established more than [...]
The extremist Green party is trying to overthrow capitalism May 22, 2019 The Green Party is doing well. It gained nearly 200 council seats in the recent local elections and is hoping for a strong showing in the European ones this week. Publicity over school children going “on strike” to protest about climate change has helped. With politicians competing to fawn over the truants, the Green Party [...]
Relations with China are important, but so is the need to stand up to them May 17, 2019 China has become a significant player in the City and there can be no doubt that its activities in London help strengthen the Square Mile’s role as a global financial centre. Read more: City Corporation slammed for decision to ban Taiwan from Lord Mayor's show The average daily trading volume of the Chinese currency in [...]
Let’s celebrate the British contrarians bold enough to challenge the status quo May 16, 2019 It is easy to spot the ruthless persecution of individuals who challenge the status quo in countries like Venezuela and Cambodia, where dissent is violently silenced by autocrats. Yet in modern Britain, we too are adept at suppressing it ourselves, with offence-taking used as tool to shut down discussion. However, there are a handful that eschew [...]
The two main advocates of nationalisation without market value compensation: Venezuela and Corbyn’s Labour Party May 15, 2019 Labour's shadow chancellor can be quite charming when he wants to be. He can also be quite thuggish, and has yet to apologise for his comments about “lynching” former Tory minister Esther McVey. But it was charming John who spoke to an audience of CEOs earlier this week, during which he was asked by one [...]
Labour’s renationalisation plan isn’t just illiterate, it’s immoral May 8, 2019 Want to buy something, but can’t quite afford it? Just use a simple trick from John McDonnell. Here’s how it works. You say: “We’ll pay a fraction of the actual price.” They say: “Sorry, you can’t do that.” You say: “Yes, we can. We’re the government.” That, in essence, is Labour’s plan to renationalise the [...]
US ready to take military action in Venezuela, says secretary of state Mike Pompeo May 1, 2019 The United States is prepared to take military action in Venezuela, US secretary of state Mike Pompeo said during a television interview today. Read more: Venezuelan opposition leader Guaido urges protesters back on to streets Pompeo told the Fox Business channel: “Military action is possible. If that’s what’s required, that’s what the United States will [...]