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The World’s Longest Direct Flight Takes Off Tomorrow—Clocking In At Over 20 Hours

18.10.2019 2:18

The thought of being squeezed inside a metal tube for several hours may be daunting enough for some, but imagine being on an aircraft for over 20 hours. Sydney to London direct and Sydney to New York direct with Qantas will follow the longest flight in the world on Singapore airlines Newark a350

From: www.forbes.com

Brexit march London: Saturday People's Vote protest route, map, times and more

18.10.2019 2:02

Thousands of protestors are set to march through London this weekend to demand the public is given a final say on Brexit.

Tags: London, Brexit, USA
From: www.standard.co.uk

TfL Jubilee line delays: Commuters hit with rush hour chaos over faulty London Underground trains

18.10.2019 0:48

Commuters have been hit with morning rush hour chaos on the Tube after a large part of the Jubilee line was suspended due to faulty trains.

Tags: London
From: www.standard.co.uk

Johnson Sells Brexit Deal to Parliament Before Knife-Edge Vote

18.10.2019 0:00


(Bloomberg) -- Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.Boris Johnson is battling to sell his new Brexit deal to skeptical members of the U.K. Parliament ahead of a crucial vote on Saturday.The U.K. prime minister has no majority in the House of Commons but he needs to convince his own Conservatives, as well as opposition politicians to back the divorce accord he struck with the EU on Thursday. If he fails, the country will be on course to leave the bloc without a deal on Oct. 31, or to delay exit day for a third time.“This is our chance in the U.K. as democrats to get Brexit done,” Johnson told a press conference in Brussels on Thursday. “People want to move this thing on, it’s been going on for a long time.”He wouldn’t be drawn on what he would he do if he loses the vote.Defeat could unleash a political crisis unparalleled in modern times: despite EU leaders leaving open the possibility they could allow Britain more time to leave, Johnson has steadfastly refused to delay Brexit beyond Oct. 31. With any attempt to leave without a deal likely to face legal challenge, he may have to allow his plans to be put to voters in a general election, or even a second referendum.If he is to win Saturday’s vote, Johnson needs to secure the support of Northern Ireland’s Democratic Unionist Party, which has categorically opposed the agreement he reached with the European Union on Wednesday. He is also seeking to woo reluctant members of his own side, and persuade opposition Labour politicians to back him, if he is to prevail.The parliamentary arithmetic is very tight, all the more so since the DUP said it is unable to support the accord. The loyalist party is opposed to Northern Ireland being treated any differently to the rest of the U.K.Under Johnson’s plans, the region would still be subject to some of the EU’s single market rules to mitigate the need for customs checks on the border with Ireland. That would, in effect, put a customs border in the Irish Sea.Will U.K. Parliament Back Boris Johnson’s Brexit? We Do the MathJohnson needs to pick up roughly 61 votes from a pool of about 75 Members of Parliament who might be persuaded to join him -- that will involve persuading hold-outs in his own party to come over to his side regardless of what the 10 DUP lawmakers decide.There are signs that some Tories who voted down his predecessor Theresa May’s deal -- among them Steve Baker, leader of the self-described “Spartan” group of hard-core Brexiters -- are falling into line.Johnson, too, is trying to win the support of a significant minority of MPs from the opposition Labour Party who believe the 2016 referendum result must be honored. To woo them, he is preparing to a package of measures, including protections for workers’ rights and environmental standards after Brexit.Labour leader Jeremy Corbyn called for a second referendum, saying in Brussels that Johnson’s deal -- which he described as a “sell-out” -- was worse than that put forward by May. Scotland’s first minister, Nicola Sturgeon, said her Scottish Nationalist Party will vote against the deal as well, complaining that it creates too great a separation from the EU.As attention swung toward the vote at Westminster, European Commission President Jean-Claude Juncker offered support to Johnson.“If we have a deal, we have a deal and there is no need for prolongation -- that’s not only the British view, that’s my view too,” Juncker said. “He and myself we don’t think that it’s possible to give another prolongation.”Even if the decision over whether to grant an extension may not be his, by playing down the chances of another extension, Juncker is framing the vote in the House of Commons as a straight choice between Johnson’s deal or no deal -- just as the British leader has tried to do himself.That increases the pressure on undecided lawmakers in Westminster to back the government -- but it also raises the cost of failure dramatically.--With assistance from Ian Wishart, Jonathan Stearns, Viktoria Dendrinou, Nikos Chrysoloras, Helene Fouquet, Patrick Donahue, Dara Doyle, John Follain, Katharina Rosskopf, Tiago Ramos Alfaro, Milda Seputyte and Jan Bratanic.To contact the reporters on this story: Tim Ross in London at [email protected];Kitty Donaldson in London at [email protected] contact the editors responsible for this story: Tim Ross at [email protected], Edward Evans, Ben SillsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Holding Off Stimulus in Germany Isn't Just a Political Mantra

18.10.2019 0:00


(Bloomberg) -- When German officials get nagged about delivering major fiscal stimulus, they have plenty of answers ready for why now isn’t the moment.Their arguments don’t just rely on the national obsession with budget prudence and the avoidance of debt though. Officials also cite their assessment of the current situation in Europe’s biggest economy, as well as tactical considerations on how a stimulus package would be effective.Such reasoning might be used often this week in Washington as Finance Minister Olaf Scholz and colleagues attend meetings of the International Monetary Fund, which on Tuesday called for Germany to invest more and reduce taxes to aid its faltering economy. Two days later, Chancellor Angela Merkel’s government cut its growth forecast for 2020 to just 1%, after earlier predicting 1.5%. Data due next month may even show the economy has just slipped into recession.The IMF is far from alone. Outgoing European Central Bank President Mario Draghi said last month that it is time for “fiscal policy to take charge” in the region, and is likely to repeat that refrain at his final meeting next week. Germany, with ample fiscal space built on repeated budget surpluses, is a prime candidate.While the opposition by some German lawmakers to a fiscal boost is starting to thaw, the government is holding firm for now. Here’s a look at some of the arguments they’re deploying to keep calls for stimulus at bay, based on public statements, private briefings, and confidential conversations with officials.Studying the CycleOne argument is that Germany’s slowdown doesn’t fundamentally stem from domestic weakness and the economic cycle. It’s a result of external and political factors, including global trade tensions and Brexit-related disruption. Such a situation isn’t best served by a classic stimulus response and doesn’t need measures that would normally counter the ebbing of the cycle.It’s Not AppropriateA continuation of that point is that the economy is actually close to its speed limit, with areas such as construction, where a lack of workers is causing bottlenecks, threatening to constrain expansion. Bundesbank President Jens Weidmann argued that on Wednesday, saying calls for German fiscal stimulus are “completely disconnected” from reality.“The economy is working with an almost-closed output gap,” he said in response to questions at an event in New York. “Why would you spend money when you are operating at full capacity?”Two-Speed EconomyGerman weakness has generally been limited to manufacturing and isn’t widespread, runs another argument. The auto industry has suffered from trade tensions and a slow response to the global shift toward electric vehicles. But the domestic economy remains healthy, thanks to unemployment near a record low and the benefits of extreme monetary easing.The line of reasoning holds that past spillovers from the industrial sector to the consumer aren’t happening this time, because the link between the two is weaker than it was.“It’s a two-speed Germany,” Trevor Greetham, head of multi-asset management at Royal London Asset Management, told Bloomberg Television. “The consumer is okay, and the housing market is actually rising quite strongly.”The Time Isn’t RightAnother view holds that a major budget stimulus should only be unveiled when it’s widely perceived to be needed. A fiscal boost may be more potent if announced at a time when things are really seen to be deteriorating. That was the experience in 2009 during the global financial crisis. But if ordinary people aren’t much feeling the effects of economic weakness, stimulus now could be less efficient than it otherwise would be.It Needs ThoughtA further point Weidmann made this week is that stimulus should be well aimed and not just delivered for the sake of it, suggesting the need for caution. He recommended targeted spending on infrastructure, research and education, and incentivizing work and investment through tax cuts.“It would be important to use the leeway wisely in order to promote sustainable growth in the long run and not just cause a flash in the pan,” he said.Merkel argued last month that simply spending cash isn’t what’s needed, saying “it’s currently not a lack of money” that’s the problem, and there are sufficient investment projects in the pipeline. They just need to be fast-tracked.--With assistance from Francine Lacqua.To contact the reporters on this story: Craig Stirling in Frankfurt at [email protected];Birgit Jennen in Berlin at [email protected] contact the editors responsible for this story: Simon Kennedy at [email protected], Paul Gordon, Jana RandowFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Newcastle Face New Challenge To Maintain Form In London Against Chelsea

17.10.2019 21:17

Newcastle has always endured an uneasy relationship with London and its teams.

From: www.forbes.com

Boris Johnson's Brexit deal faces uphill struggle as it heads for Parliament

17.10.2019 20:53

October 18, 2019 8:53 AM
LONDON - British Prime Minister Boris Johnson has expressed hope that his Parliament in London will approve the deal he struck with the European Union, allowing Britain to leave the European Union in an orderly manner as early as the end of this month.

From: www.straitstimes.com

Extinction Rebellion 'red hand' march: Protesters to spray paint Westminster on Autumn Uprising's penultimate day

17.10.2019 20:50

Extinction Rebellion is planning a "red hand" protest on the penultimate day of its campaign after apologising for its action on London's Tube network that turned violent.

Tags: London
From: www.standard.co.uk

Meet the grandparents of Extinction Rebellion

17.10.2019 17:09

Defying a London-wide ban on Extinction Rebellion protests, grandparents are calling for action on climate change.

From: www.aljazeera.com

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