Tag: United Kingdom

• Saturday, July 21st 2012 - 06:50 UTC

  UK receives first of next generation of stealth aircraft, STOVL F-35 Lightning II

  

  The first of the UK's next generation of stealth combat aircraft, Lightning II, was handed over to the Ministry of Defence at a ceremony in Fort Worth, Texas. Defence Secretary Philip Hammond formally accepted the first of the jets which are short take-off and vertical landing (STOVL) F-35 Joint Strike Fighters and are manufactured by Lockheed Martin.

• Friday, July 13th 2012 - 03:21 UTC

  Commons report reveals UK sold £ 2.3m of military equipment to Argentina

  

  The British government must exercise more caution in granting licences for the export of arms, according to a parliamentary report which mentions authoritarian regimes such as Bahrain but also areas of direct concern for UK such as Argentina and the Falklands.

• Thursday, July 12th 2012 - 19:59 UTC

  Gibraltar says UK/Spain bilateralism is “dead and will never ever be revived”

  

  Gibraltar Chief Minister Fabian Picardo has declared that UK-Spain bilateralism is “dead and will never ever be revived under any circumstances” regarding the Rock’s future.

• Wednesday, July 11th 2012 - 07:17 UTC

  Defence of Argentine sovereignty over Malvinas has become “a regional issue”

  

  The Argentine ambassador in London Alicia Castro said that South America has reached such a degree of unity that it is possible to think “on the defence of Argentine sovereignty over the Malvinas in regional terms”.

• Wednesday, July 11th 2012 - 06:43 UTC

  PM Cameron/Hollande summit: France admits “Europe at different speeds”

  

  President Francois Hollande and British Prime Minister David Cameron tried Tuesday to shake off a rocky start to their relationship despite lingering differences over the Euro zone crisis.

• Monday, July 9th 2012 - 06:13 UTC

  UK Serious Fraud Office investigating the rigging of the Libor rate

  

  The United Kingdom Serious Fraud Office (SFO) has confirmed that it has formally launched an investigation into the rigging of inter-bank lending rates. The case could lead to criminal charges being brought against individuals.

• Saturday, July 7th 2012 - 01:02 UTC

  Europe’s tallest skyscraper the Shard opens in London with 26 floors of vacant office space

  

  Europe's tallest skyscraper the Shard was inaugurated in London in a dazzling sound and light show befitting its status as the capital's brashest and most controversial building.

• Thursday, July 5th 2012 - 22:25 UTC

  Bank of England pumps further £50 billion to the economy; total stimulus £375 bn

  

  The Bank of England has announced on Thursday it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) program to try to help the economy.

• Thursday, July 5th 2012 - 18:07 UTC

  Drastic cut in UK Armed forces manpower preparing for “the Army of the future”

  

  UK’s Defence Secretary Philip Hammond announced that 17 units are to be axed from the British army as part of sweeping reforms that will reduce its overall strength by 20.000 posts.

• Wednesday, July 4th 2012 - 23:00 UTC

  Libor rate manipulation: Barclays’ former CEO does not convince PMs and points to Bank of England

  

  British banker Bob Diamond has revealed that one of his big fears during the 2008 global credit crisis was that his bank, Barclays, would be taken over by the British government.