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May 23, 2014

UK’s anti-EU party makes big gains in local elections

LONDON (Reuters) – Britain’s Eurosceptic UKIP party has made its strongest ever gains in local elections, harnessing discontent with immigration and established politicians to grab support from Prime Minister David Cameron’s Conservatives and the opposition Labour party.

The surge by the UK Independence Party, which wants Britain to leave the EU, will pile pressure on Cameron to toughen his stance on Europe and alarm some Conservatives who worry UKIP could scupper their hopes of winning the 2015 national election.

May 23, 2014

UK’s anti-EU party big winner in local elections – partial results

LONDON (Reuters) – Britain’s anti-EU UKIP party has made strong gains in local elections, taking seats from both Prime Minister David Cameron’s Conservatives and the opposition Labour party, according to early results on Friday.

The gains by the UK Independence Party, which wants Britain to leave the EU, will pile pressure on Cameron to stiffen his approach to Europe and alarm some in his party who worry UKIP could scupper its hopes of winning a 2015 national vote.

May 22, 2014

Prince Charles provokes diplomatic dispute with Russia by comparing Putin to Hitler

LONDON/MOSCOW (Reuters) – Prince Charles’s comparison of Vladimir Putin with Nazi leader Adolf Hitler triggered a diplomatic row on Thursday when Moscow scolded the heir to the British throne for what it said was an outrageous attempt to sully Russia’s reputation over Ukraine.

During a trip to Canada, the 65-year-old prince told a Jewish woman who fled from Poland during World War Two that in Ukraine “Putin is doing just about the same as Hitler”, according to the Daily Mail newspaper.

May 22, 2014

Prince Charles provokes diplomatic row with Russia by comparing Putin to Hitler

LONDON/MOSCOW (Reuters) – Prince Charles’s comparison of Vladimir Putin with Nazi leader Adolf Hitler triggered a diplomatic row on Thursday when Moscow scolded the heir to the British throne for what it said was an outrageous attempt to sully Russia’s reputation over Ukraine.

During a trip to Canada, the 65-year-old prince told a Jewish woman who fled from Poland during World War Two that in Ukraine “Putin is doing just about the same as Hitler”, according to the Daily Mail newspaper.

May 20, 2014

Forget the bonds and get a glass – red wine is a winner in 20th century

LONDON (Reuters) – Forget government bonds, fine art and even stamps: Red wine outperformed them all over the 20th century.

At least that is what research by a team of academics from the University of Cambridge, HEC Paris and Vanderbilt University, Nashville, Tennessee, shows.

May 20, 2014

Cameron signals concern over red-hot property market

LONDON (Reuters) – Prime Minister David Cameron on Tuesday gave his strongest signal yet that Britain may need to cool its red-hot property market, saying he agreed with the Bank of England that the housing market was the biggest risk to financial stability.

House prices are soaring in London and have risen by a tenth over the past year in Britain as the economic recovery and record-low interest rates tempt purchasers back into one of the world’s most expensive property markets.

May 20, 2014

PM Cameron signals concern over Britain’s red-hot property market

LONDON, May 20 (Reuters) – Prime Minister David Cameron on
Tuesday gave his strongest signal yet that Britain may need to
cool its red-hot property market, saying he agreed with the Bank
of England that the housing market was the biggest risk to
financial stability.

House prices are soaring in London and have risen by a tenth
over the past year in Britain as the economic recovery and
record-low interest rates tempt purchasers back into one of the
world’s most expensive property markets.

May 19, 2014

Labour MP Miller expects Pfizer to court AstraZeneca shareholders

LONDON (Reuters) – U.S. drugmaker Pfizer is likely to court major investors in AstraZeneca as part of a takeover attempt despite a board rejection of its 70 billion pounds bid, the head of Britain’s parliamentary science committee said.

Pfizer had sought to create the world’s largest drugs company with a takeover attempt that has met fierce opposition from AstraZeneca and many MPs who say the New York-based company could cut jobs and research in Britain.

May 19, 2014

British lawmaker expects Pfizer to court AstraZeneca shareholders

LONDON (Reuters) – U.S. drugmaker Pfizer is likely to court major investors in AstraZeneca as part of a takeover attempt despite a board rejection of its 70 billion pounds ($118 billion) bid, the head of Britain’s parliamentary science committee said.

Pfizer had sought to create the world’s largest drugs company with a takeover attempt that has met fierce opposition from AstraZeneca and many British lawmakers who say the New York-based company could cut jobs and research in Britain.

May 9, 2014

Clegg dismisses Cameron’s EU strategy as ‘wishful thinking’

LONDON (Reuters) – Prime Minister David Cameron’s plans to renegotiate Britain’s ties with the European Union are wishful thinking and likely to yield only minor concessions that will not unite his governing Conservative party, his coalition partner will warn on Friday.

In a speech at Thomson Reuters in London, Nick Clegg, Britain’s deputy prime minister, will launch one of his strongest critiques of Cameron’s Europe policy so far as he unveils his own ideas for reform and sets out the case for Britain to remain inside the 28-nation bloc.