Finance

Chancellor haunted by deficit and £1.45 trillion debt pile

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Government borrowing falls in October, but tax receipts remain weak, reducing chance of big giveaways in the Autumn Statement. Comments The Government’s ability to reduce the deficit this year and tame Britain’s huge debt mountain is in doubt, despite a slight fall in borrowing last month. Public sector net borrowing, excluding public sector banks, fell to £7.7bn in October, from £7.9bn ... Read More »

David Cameron warns that second global crash is looming

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PM says ‘red warning lights are flashing’ against a backdrop of instability and uncertainty, as G20 summit draws to a close Jump to comments David Cameron: red lights are flashing on the global economy David Cameron has issued a stark message that “red warning lights are flashing on the dashboard of the global economy” in the same way as when ... Read More »

An Unexpected Country Has Become a Mecca for Subversive Street Art

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New York City has traditionally been considered the premier mecca for street artists around the world. “It’s hard to imagine what New Yorkers experienced in the early seventies, as they watched their city become steadily tattooed with hieroglyphics,” wrote Dimitri and Gregor Ehrlich New York magazine in 2007. “Some saw it as vandalism and a symbol of urban decay. But ... Read More »

Inside the Notorious Yarl’s Wood Immigration Detention Centre

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Susan wrings her hands and twitches as she speaks, jerking her head from side to side. She is clearly not well. “I ate washing powder to try and kill myself,” says the nervous woman in her fifties. Her eyes flash wild. “It was all I could find. I wanted to die. I would rather die than go back.” Susan, whose ... Read More »

No one wants to host the Olympics anymore

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Nations are dropping out of the running for the 2022 Olympics all over the place. Can’t blame ‘em. Who’s going to host the Winter Olympic Games in 2022? We’re down to two finalists and this is all so exciting! Exciting, that is, until you find out the two finalists are the last ones standing because no other city in the ... Read More »

Canada’s new human rights museum shares oral histories from genocide survivors

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WINNIPEG (AFP).- A new museum in Canada’s western prairies has amassed a unique collection of personal stories from genocide survivors, human rights defenders and others, and wants to share them. Dedicated to the 60-year-old notion of human rights, a singular but intricate ideal, the Canadian Museum for Human Rights in Winnipeg, Manitoba will open its doors on November 11. It ... Read More »

‘Extraordinary’ interest rates on 10-year fixed-rate mortgage deals

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Is a decade too long to tie yourself into a mortgage? Just watch out for early repayment charges, brokers warn Jump to comments Ten years … it that too long to tie yourself into a mortgage deal? Lenders don’t seem to think so and have started to launch decade-long fixed-rate deals with “extraordinary” interest rates of less than 4%. Last ... Read More »

Cultural Workers in Turkey Prepare for Hunger Strike over Underemployment

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Cultural workers in Turkey are set to go on hunger strike in protest of their unemployment and its endangerment of the country’s vulnerable cultural resources. In reaction to the government’s broken promise to hire 50 workers among the thousands of unemployed cultural heritage professionals, the Association of Culture and Art Workers (Kültür Sanat Emekçileri Derneği, or KSED) is taking desperate measures. If ... Read More »

Health check finds 24 EU banks ailing – but the UK’s pass muster

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Despite clean bill of health, Lloyds Banking Group will face scrutiny when it outlines plans to cut up to 9,000 jobs Jump to comments Britain’s major banks have passed a Europe-wide health check – although Lloyds Banking Group will face scrutiny on Tuesday when it outlines plans to cut up to 9,000 jobs and axe branches under a three-year plan ... Read More »