Tag

#Government Borrowing Requirement

Home » Government Borrowing Requirement

2906 posts

Rebekah Brooks returning to News Corp as UK chief: FT

LONDON Rebekah Brooks will return to her old job heading Rupert Murdoch’s British newspaper division, the Financial Times reported, just over a year after being cleared of criminal charges in a phone-hacking scandal. Her return to News Corp could be as soon as... More »

Investors still in the dark as cyber threat grows

LONDON/BOSTON Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks ha... More »

Clive Owen makes Broadway debut in Pinter’s ‘Old Times’

NEW YORK British actor Clive Owen swaps Hollywood for the stage in “Old Times”, making his Broadway debut in a revival of Nobel Laureate Harold Pinter’s 1971 play. The “Children of Men” and “Closer” actor, who has London theater credits to his name, will appea... More »

ABBA piano seen raising money, money, money at auction

LONDON The piano used to play the glissando that kicks off ABBA’s disco hit “Dancing Queen” will be one of the star attractions at a rock and pop auction at Sotheby’s next month where it is expected to sell for up to 800,000 pounds ($1.24 million). The instrum... More »

U.S. SNI bought nearly all remaining shares in Polish TVN

WARSAW U.S. media group Scripps Networks Interactive (SNI.N) bought nearly all remaining shares in Polish broadcaster TVN TVN.WA, planning to delist the company from the Warsaw bourse GPW.WA, a brokerage running the deal said on Thursday. SNI, which already ow... More »

Cumberbatch’s ‘Hamlet’ wears a hoodie, wows fans in London

LONDON Benedict Cumberbatch delivered a “Hamlet” for our time in London in a production that played to his strengths, dresses up Shakespeare for a younger crowd and had the British actor’s fans roaring in approval at the end. Ever since the 12-week run was ann... More »

Global stocks, dollar rebound but China smashed again

LONDON Volatile global markets got some respite from the latest blood-letting on Tuesday as bargain hunters nudged up Asian and European stocks, though China, at the center of the rout, was smashed again. The dollar and oil prices saw their first rises in five... More »

IndyCar driver Wilson dies after wreck

British IndyCar driver Justin Wilson died on Monday after suffering a severe head injury during a wreck in the closing laps of a race the previous day at Pocono Raceway in Pennsylvania, IndyCar officials said. He was 37. Wilson, a former Formula One driver and... More »

Creamer and Lang earn captain’s picks for Solheim Cup

United States captain Juli Inkster opted for both experience and a vocal locker room presence in announcing Paula Creamer and Brittany Lang on Monday as her two wildcard picks for this year’s Solheim Cup. Creamer, 29, will make her sixth appearance in the bien... More »

Luke Bryan holds onto Billboard top spot for second week

LOS ANGELES Country singer Luke Bryan held onto the top spot of the weekly U.S. Billboard 200 album chart on Monday, holding off Ed Sheeran and Dr Dre. “Kill The Lights,” the fifth studio album from Bryan, sold 83,000 albums, 114,000 songs and was streamed 6.8... More »

One Direction’s Horan says band to take break, not splitting

LONDON/LOS ANGELES One Direction member Niall Horan said Monday that the hugely successful British boy band will take a “well earned break” next year, but are not splitting up. Horan, 21, told his 23 million fans on Twitter that the group will continue to tour... More »

Sierra Leone releases last known Ebola patient from hospital

FREETOWN Sierra Leone released its last confirmed Ebola patient from hospital on Monday and began a 42-day countdown to being declared free of the virus, medical sources said. The world’s worst known Ebola epidemic has raged in West Africa for more than 18 mon... More »

AstraZeneca names Genentech’s Bohen as chief medical officer

LONDON British pharmaceutical company AstraZeneca named Sean Bohen as its chief medical officer, in an appointment that it said could help accelerate the development of new oncology and immunology medicines. AstraZeneca, Britain’s second biggest drugmaker behi... More »

Novelist Ishiguro’s notes and works head to Texas library

AUSTIN, Texas The sweeping archives of award-winning novelist Kazuo Ishiguro will be heading to a University of Texas research library, including a discarded opening chapter for his best-known book, “The Remains of the Day,” the university said. The novelist, ... More »

Made in Denmark love match as Harto proposes

COPENHAGEN European Tour journeyman Andreas Harto stole the show at the Made In Denmark event by proposing to his girlfriend during the tournament in Farso on Friday. The Dane celebrated sinking a five-foot birdie putt at the par-three 16th by going down on on... More »

Italy hires foreign directors to cure ‘sclerotic’ museums

ROME The museums that house masterpieces such as Michelangelo’s David and Botticelli’s Venus will soon be run by foreign directors for the first time as Italy overhauls what a senior official called its “sclerotic” museum management. Following an international... More »

Comet lander still silent, scientists shift focus to drilling

BERLIN/FRANKFURT European scientists have revised their plans for the comet lander Philae and are now focusing on getting images and drill samples if communications are restored. After coming to rest in the shadows when it landed on a comet in November, Philae... More »

News Corp profit beats as cost cuts in news business pay off

News Corp (NWSA.O) reported a better-than-expected quarterly profit on Wednesday, helped by cost cuts in its news and information services business that includes Dow Jones and the Wall Street Journal. Shares of the company, controlled by Rupert Murdoch, rose a... More »

Oil steady on U.S. stockpile decline, dollar weakness

NEW YORK Oil ended up on Wednesday as a weaker dollar and lower U.S. crude stockpiles provided a modest bounce off six-year lows hit the previous session, when worries about China’s plummeting currency and economic slowdown deflated prices. Concerns that U.S. ... More »

Sculptor Kapoor says China work copies his Chicago ‘Bean’

LONDON British-Indian sculptor Anish Kapoor said on Wednesday he would take legal action based on copyright concerns after noting a close similarity between a huge stainless-steel, globe-like sculpture in China and his “Cloud Gate” sculpture in Chicago. The sc... More »

Brit lights up Berlin with spies, lies and censorship art

BERLIN British artist and anti-surveillance activist James Bridle is illuminating Germany with artwork exploring the darkest state secrets, cover-ups and information blackouts. Bridle’s “The Glomar Response”, showing this month at the newly opened Nome gallery... More »

GSK shuts U.S. plant due to bacteria, no supply disruption seen

Drugmaker GlaxoSmithKline temporarily closed a North Carolina factory on Tuesday after testing at a cooling tower found bacteria that causes deadly Legionnaire’s disease. The Legionella bacteria were discovered during routine inspections at the site in Zebulon... More »

British Open winner Johnson sets sights on a third major

Zach Johnson acknowledges that long, difficult Whistling Straits is not his favorite PGA Championship venue, but do not rule him out this week. He tied for third at the Wisconsin course in 2010 and returns on an emotional high as the current holder of the olde... More »

New tadpole disease affecting frogs across globe, scientists find

LONDON Tadpoles are contracting a new, highly infectious disease that may be threatening frog populations worldwide, British scientists have found. A parasitic disease caused by single-celled microbes known as “protists” was found in the livers of tadpole samp... More »

Dollar bulls take a breather, euro awaits Greek bourse reopening

LONDON The dollar fell against a basket of currencies on Monday, weighed down by below-par wage growth data late last week that clouded the outlook over when U.S. interest rates are likely to rise. U.S. short-dated yields fell and the dollar was sold on Friday... More »

Oil hits multi-month lows on record OPEC output

SINGAPORE Oil extended losses to multi-month lows on Monday on worries of oversupply as OPEC pumped at record levels in July, while weak China data stoked concerns about slower growth at the world’s second largest oil consumer. Oil output by the Organization o... More »

IAAF chief denies suggestion of negligence in doping tests

KUALA LUMPUR The head of world athletics said on Monday that any suggestion his organization had been negligent in drug testing of athletes was “laughable”. “There are allegations made, no evidence,” IAAF president Lamine Diack told Reuters in the Malaysian ca... More »

China and Asia on shaky ground as factories step back in July

SYDNEY Headwinds for the world’s second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices. Similar busi... More »

With British Open in the bag, Park looks for new goals

SEOUL South Korea’s Park In-bee had once hoped to win all the top tournaments in women’s golf before her career came to an end. After winning the British Open on Sunday, the 27-year-old now finds herself searching for new goals. Park’s three-shot win over comp... More »

Mobile key to growth, Sorrell tells IOC

KUALA LUMPUR Olympic chiefs must pump more content to mobile devices, and extend the allure of the Games outside its 17-day window to stay relevant to young people, marketing guru Martin Sorrell said on Sunday. “You need to evolve to new consumption behaviors ... More »

Rapper Snoop Dogg stopped in Italy airport with $422,000 in cash

ROME Italian police stopped California rapper Snoop Dogg on Friday as he prepared to board a private plane bound for Britain with $422,000 in cash in his Louis Vuitton luggage, said an Italian lawyer representing the entertainer. In the European Union, the max... More »

Vaccine success holds hope for end to deadly scourge of Ebola

LONDON/GENEVA The world is on the verge of being able to protect humans against Ebola, the World Health Organization said on Friday, as a trial in Guinea found a vaccine to have been 100 percent effective.     Initial results from the trial, which tested Merck... More »

One Direction releases surprise first single as a foursome

LONDON Best-selling boy band One Direction released a surprise first single as a foursome on Friday, two days after former member Zayn Malik announced a new record deal as solo artist. “Drag Me Down” follows November’s “Night Changes” and is the first single t... More »

Philae lander shows there’s more to comets than soft dust

BERLIN/FRANKFURT The comet lander Philae may be uncommunicative at the moment, but the pictures and measurements it took after it touched down on a comet in November have shown scientists that the comet is covered with coarse material, rather than dust, and is... More »

Sky beats year forecasts with broad demand across Europe

LONDON European pay-TV group Sky said on Wednesday it expects to perform strongly in its new financial year after better-than-expected 2014/15 profits prompted investors to rethink their growth forecasts for the newly-enlarged group. Sky, formed from the combi... More »

German advisers say euro zone exit should not be taboo

BERLIN The German government’s panel of independent economic advisers favors creating an insolvency mechanism for euro zone states and says countries should be able to leave the single currency as a last resort. The Greek crisis has called into question the fu... More »

Cheating website relieved it is not being judged after hack

TORONTO Cheating spouses website AshleyMadison.com, facing hackers’ threats to leak clients’ nude photos and sexual fantasies, said it is heartened by some initial public response that sees the site as a victim. The website’s Canadian parent, Avid Life Media, ... More »

European shares fall, pulled down by drugmakers

LONDON European shares retreated on Tuesday from their six-week high in the previous session, with the healthcare leading the market lower after Novartis (NOVN.VX) reported quarterly incomes below analysts’ expectations. The STOXX Europe 600 Healthcare Index .... More »

Lloyds to set out dividend plan ahead of retail sale

LONDON Lloyds (LLOY.L) is due to set out its dividend plans next week, including how and when it might return surplus capital to shareholders, making the stock more attractive ahead of a planned sale of some of the government’s shares to retail investors, indu... More »

UK government targets spending cuts of up to 40 percent by 2020

LONDON Britain’s government is asking some departments to prepare to cut day-to-day spending by as much as 40 percent by the 2019/20 tax year, in a major spending review launched by Conservative finance minister George Osborne on Tuesday. The finance ministry ... More »

New Open champion Johnson motivated to win more majors

ST ANDREWS, Scotland No one should be surprised if Zach Johnson goes on to win several more majors because, even though he is approaching 40, the new British Open champion is working harder than ever and is performing at his peak. The American waited a long ti... More »

Australia offer Davis Cup olive branch to Tomic

MELBOURNE Australian tennis officials want to clear the air with Bernard Tomic and reinstate the country’s estranged number one into the Davis Cup team for the semi-final against Britain. The controversial world number 29 was booted off the team before the qua... More »

FIFA hasn’t come to its senses, says South Korea’s Chung

SEOUL South Korean tycoon Chung Mong-joon, one of the most influential figures in Asian soccer, said on Tuesday that leaving Sepp Blatter at the helm of FIFA until a new president is elected shows those in power at the scandal-hit governing body “have yet to c... More »

Spieth to defend Australian Open title

SYDNEY Masters and U.S. Open champion Jordan Spieth will return to Sydney in late November to defend his Australian Open title, organizers said on Tuesday. The 21-year-old American won the Stonehaven Cup by six shots last year and with his recent run of form i... More »

Pearson exploring sale of Financial Times: Bloomberg

LONDON British publisher Pearson (PSON.L) is exploring the sale of its Financial Times newspaper after receiving interest from potential buyers, Bloomberg reported on Monday, citing people familiar with the matter. Pearson was sounding out possible bidders for... More »

The $100 million question: are we alone in the cosmos?

SAN FRANCISCO/LONDON Scientists are about to embark on the biggest search yet for alien life, sweeping the skies for signals of civilizations beyond our solar system with $100 million from a Russian billionaire and the backing of physicist Stephen Hawking. Whe... More »

Future of BBC up for grabs as UK government kicks off review

LONDON Britain’s newly elected Conservative government signalled on Thursday it would cut back the BBC, the opening salvo in a battle over the future of the world’s biggest public service broadcaster. Any attempt to change the 92-year-old broadcaster provokes ... More »

BT could be broken up to improve Britain’s broadband networks

LONDON Britain’s telecoms regulator is seriously considering a break up of dominant provider BT, after rivals accused it of abusing its market position and failing to invest in the broadband networks they rely on. Ofcom floated the idea of a forced separation ... More »

One in four dogs at top show Crufts found to be overweight

LONDON A quarter of dogs competing in the world’s biggest dog show are overweight, scientists said on Monday. An analysis of canines at Britain’s Crufts show – held annually since the reign of Queen Victoria – found 74 percent were in ideal condition but 26 pe... More »

Britain asks BBC’s competitors to review its remit

LONDON Britain’s government will ask the BBC’s competitors to scrutinize the broadcaster’s remit and scale, the government said on Sunday, after years of controversy over how it has been funded. The BBC [TBBC.UL], the world’s largest broadcaster, has long been... More »

Solo Frenchman beats Airbus across Channel in electric plane

PARIS An attempt by Airbus to make history by crossing the English Channel in an electric plane ended in wounded pride on Friday after a French pilot claimed to have beaten it by hours. In a further twist, a Slovenian businessman said he might have beaten both... More »

Vodafone inks deal to offer Mediaset content to Italian clients

MILAN British mobile phone giant Vodafone has reached an agreement with Mediaset to offer pay-TV content of the Italian broadcaster to its customers in the southern European country, the two companies said in a joint statement on Thursday. The offer, which bun... More »

Andy Murray plays with pups in sniffer-dog video

LONDON Andy Murray goes to the dogs, or more precisely the puppies, in a video released on Tuesday which shows him playing at Wimbledon with five cocker spaniels being trained to become sniffer dogs. The six-week-old puppies are being raised by the Metropolita... More »

Kyrgios slams ‘racist’ Olympic great Fraser

SYDNEY Nick Kyrgios has accused Olympic great Dawn Fraser of being a “blatant racist” after she said tennis players should “go back to where their parents came from” if they did not set a better example to Australian youth. The former champion swimmer, after i... More »

New Greek finance minister is a change of style, not substance

ATHENS Euclid Tsakalotos, the mild-tempered professor who was appointed as Greece’s new finance minister on Monday, is a clear change in style from his combative predecessor Yanis Varoufakis. The 55-year-old Tsakalotos studied at prestigious private London sch... More »

FGM app launches in Britain as school holiday danger zone nears

LONDON (Thomson Reuters Foundation) – A new app designed to educate young people about female genital mutilation (FGM) was launched in Britain on Tuesday amid a government crackdown on people who take girls abroad to undergo the practice during the summer holi... More »

ProSieben, Springer in early merger talks: sources

MUNICH/FRANKFURT German broadcaster ProSiebenSat.1 and German publishing house Axel Springer have reignited talks for a merger, seeking to consolidate their push into digital media, two sources familiar with the matter said on Monday. Axel Springer, the publis... More »

Djokovic recovers as match suspended, Serena wins

LONDON After three hours and two minutes of combat, Novak Djokovic and Kevin Anderson were forced off court in the twilight with their last 16 clash tantalizingly poised at two sets all and their Wimbledon audience begging for more. The match was halted as dus... More »

Serene Federer in seventh heaven at Wimbledon

LONDON It was a case of 7-7-7 for Roger Federer at Wimbledon on Monday as he fired down seven aces, won seven games on the trot and sat through a seven-minute injury timeout in an otherwise serene 6-2 6-2 6-3 win over Roberto Bautista Agut. The Spaniard became... More »

Bad light stops Djokovic after epic fightback

LONDON Holder and top seed Novak Djokovic suffered an almighty scare against South African giant Kevin Anderson before bad light halted play with the score tied at two sets all in their fourth round match at Wimbledon on Monday. The world number one lost the f... More »

Fury to meet world champion Klitschko in October

LONDON Unbeaten British boxer Tyson Fury will get a shot at the world heavyweight title in October after agreeing terms for a meeting with champion Wladimir Klitschko. The 39-year-old Ukrainian’s WBA, WBO, IBF and IBO crowns will be on the line when the pair m... More »

Dutch PM says Greece must accept deep reforms

AMSTERDAM The Netherlands’ prime minister, Mark Rutte, said on Monday that Greece will have to accept deep reforms if it wants to remain in the euro zone. In a debate in parliament in the wake of Greece’s “No” vote on the terms of a bailout package from its cr... More »

Tears flow as Grateful Dead say farewell in Chicago

CHICAGO The Grateful Dead gave what they say will be their last group performance on Sunday, playing to some 70,000 singing, dancing and tearful fans in Chicago’s Soldier Field. The four surviving members of the band ended their 50-year-run this weekend with t... More »

Tunisia objects to HSBC settlement in Geneva

ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($43 million) to settle a money laundering investigation at its Swiss private bank, a lawyer representing the North African country said on Monday. After four months of in... More »

Tunisia seeks to block HSBC settlement in Geneva: paper

ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($42.5 million) to settle a money laundering investigation at its Swiss private bank, Swiss newspaper SonntagsZeitung reported on Sunday. After four months of inquiries Ge... More »

UK’s Osborne to hit BBC to fund welfare cuts: Sunday Times

LONDON British finance minister George Osborne plans to launch a 650 million pound raid on the BBC to help cover the country’s benefits bill, forcing the corporation to meet the cost of free television licences for the over-75s, the Sunday Times said. It quote... More »

Restored Word War Two Spitfire to be auctioned for charity

LONDON A restored World War Two Spitfire which was shot down over northern France in 1940 is expected to raise about $3 million for charity when it goes up for auction in London next week. The wreckage of the Vickers Supermarine Spitfire Mk.1A was recovered in... More »

BBC to cut over 1,000 jobs as Britons trade TVs for tablets

LONDON The British Broadcasting Corporation will cut more than 1,000 jobs to cover a 150-million-pound gap in license fee income next financial year as millions of viewers turn off their televisions and watch programs on tablets and mobile phones. The BBC, the... More »

Spiky little sea ‘monster’ thrived a half billion years ago

WASHINGTON More than half a billion years ago, a peculiar little creature with rows of spikes on its back and delicate, feather-like front limbs to strain bits of food from the water thrived in the primordial seas of what is now China. Scientists on Monday ann... More »

EU in preliminary deal to scrap mobile roaming fees by mid-2017

BRUSSELS The European Union reached a preliminary deal on Tuesday to scrap mobile roaming charges across the 28-country bloc by June 2017 as part of an overhaul of the continent’s telecoms market to boost growth and innovation. “Under the agreement, roaming su... More »

Froome buckled up for rocky Tour de France challenge

PARIS Chris Froome struggled for form, then crashed but the Briton looks ready just in time to compete for a second Tour de France title although micro managers Team Sky will struggle to control the race like they usually do. Froome, who claimed the 2013 Tour ... More »

Barguil, Yates share common path towards the Tour

PARIS Hot prospects Warren Barguil and Simon Yates have been tipped to win the Tour de France one day, yet neither is riding for a team from their home country as they learn the ropes abroad. France’s Barguil, 23, is with Dutch team Giant-Alpecin while Briton ... More »

Serena and Djokovic up and running at Wimbledon

LONDON Novak Djokovic and Serena Williams made strong cases for the less is more approach to Wimbledon build-ups with resounding victories at a sunny All England Club on Monday. Defending men’s champion Djokovic, who has been training in the south of France ra... More »

Come to the theater, ride a chandelier, play a role in show

NEW YORK Aerialists descend in a giant chandelier and lift a guest back up with them, a showgirl leads an audience member back in time to a 1920s Parisian nightclub and actors single out guests for a mysterious experience yet to come. Immersive theater product... More »

Ad executives cautious about growth, gear up for contract battle

CANNES (This version of the story corrects figures on Publicis contract wins, paragraph 13) The reluctance of big companies to spend at a time of lacklustre global growth and fewer major sporting events this year are dampening demand for advertising, said the ... More »

Harry Potter play to hit London stage next year, says Rowling

LONDON Harry Potter, the world’s most famous boy wizard, is set to make his debut on the London stage next year in a new play called the Cursed Child which has been created in collaboration with author J.K. Rowling. Rowling said on her Twitter feed that the ne... More »