Tag: banks

THE WORLD Bank stated yesterday that 90% of the world’s economies have been plunged into a slump by the coronavirus pandemic, inflicting global carnage...

YESTERDAY the UK’s three biggest airlines launched legal proceedings in a bid to overturn the government’s new quarantine rules that require air passengers from...

THE ENGINEERING giant Rolls-Royce which manufactures jet engines this week confirmed that it will slash 3,000 jobs across the UK. Already Rolls-Royce has begun the...

AS THE Tories reel from one crisis to another over their handling of the coronavirus pandemic that has so far led to over 380,000...

US PRESIDENT Donald Trump on Monday said he would deploy the US military to US states that don’t use the National Guard in sufficient...

THE INSTITUTE of Directors (IoD) has warned that 250,000 businesses could sack workers as the Tory chancellor Rishi Sunak runs down the furlough scheme. Sunak...

TORY chancellor Rishi Sunak dropped any pretence that British capitalism would stage a miraculous ‘bounce back’ when he confessed that the country faces ‘a...

THE 15th of May 1948 was an extraordinary day for the Palestinian people, it was the day when hundreds of thousands of Palestinians lost...

THE DAY after official figures were released showing that the UK economy was crashing into the deepest depression for 300 years, the governor of...

BRITISH capitalism is officially in recession as the Office for National Statistics (ONS) reported yesterday. In just three months, the UK economy shrank at a...

TORY CHANCELLOR SUNAK yesterday said it is ‘very likely’ the UK is in a ‘significant recession’, as figures show the economy contracting at the...

PM JOHNSON’S drive to return workers to work, despite the coronavirus epidemic, announced in Parliament on Monday at 3.00pm has met with a split...

‘We are quarantined but not silent. The millionaire cut to public education moves us to take the space, ours, the house, the neighbourhood, the...

THE BANK of England’s latest report, released on Thursday, has revealed the full extent of the catastrophic crisis of capitalism, now writhing around in...

THE BANK of England warned yesterday that the UK economy is heading towards its deepest recession on record, shrinking by as much as 14%...

SUCH is the crisis of British capitalism more than half of the adult population, 27 million people, have had to be financially assisted by...

ACCORDING to the Johns Hopkins University count, the coronavirus pandemic has infected more than 3,402,400 people worldwide and has claimed the lives of at...

Statement by the News LIne Editorial Board THE NEWS LINE Editorial Board sends its May Day greetings to the working class and the poor of...

THE GIANT Unite and GMB trade unions have greeted the news that British Airways is to make 12,000 workers redundant with shock, dismay and...

THE SPOKESMAN for the Commander-in-Chief of the Iraqi Armed Forces says the Baghdad government is serious about implementing the parliament’s resolution concerning the withdrawal...

ON MONDAY night, US President Donald Trump announced via a tweet that he would stop all applications from foreign nationals seeking permanent residence in...

THE LOCAL Government Association’s (LGA) Richard Watts has written to Tory Local Government Secretary Robert Jenrick (of the two houses) warning against ‘extreme cost-cutting’...

US PRESIDENT Donald Trump yesterday unveiled his three-phase plan for opening up businesses in America proclaiming, ‘We’re starting our life again. We’re starting rejuvenation...

BRITAIN is in the grip of the deepest recession since records began putting the country on course for the biggest economic collapse since 1709...

THE Eurozone committed ‘collective suicide’ last week when EU finance ministers met and agreed a deal that they heralded as a historic breakthrough in...

LAST WEDNESDAY, the US ‘democratic socialist’ Senator Bernie Sanders announced to his supporters that he was quitting the race to become the Democratic candidate...

‘THOSE of us in the economic realm must navigate blindly through the fog. We face a plausible spectrum ranging from V-shaped relief to L-shaped...

PRIME Minister Boris Johnson is now in intensive care at St Thomas’ hospital, laid low by the coronovirus, perfectly reflecting the state of British...

THE election of Starmer as Labour leader has been cheered to the rooftops by both the trade union bureaucracy and the Tory Party-supporting media. His...

A FIFTH of all UK small and medium sized businesses are set to close permanently over the next four weeks as they run out...

A FIFTH of all small and medium-sized businesses in the UK are unlikely to get the cash they need to survive the next four...

LAST THURSDAY, the 27 heads of the European Union held a video conference call to decide the EU’s economic response to the coronavirus pandemic. The...

THE creator of the Universal Credit onslaught against the working class and the poor, Iain Duncan Smith has launched an attack on China in...

THE TRADE union leaders and the Labour Party are currently cementing their role as the most enthusiastic would-be partners of the Tory government and...

THE HOUTHI Ansarullah movement says any political solution to the Yemen conflict should begin with an end to the US-sponsored Saudi military aggression and...

SYRIAN President Bashar al-Assad on Monday received Russian Defence Minister Sergey Shoygu and an accompanying delegation. The two sides discussed the Russian-Turkish agreements reached on...

Life came to a standstill in all West Bank cities and towns on Monday as the curfew and strict lockdown Palestinian Prime Minister Mohammad...

CHINA will provide Serbia with assistance in protective equipment and medical instruments, and send a group of medical experts to help it better contain...

PM JOHNSON has put the blame for the coronavirus firmly on the people, when he warned on the TV that the NHS could be...

THE US Federal Reserve announced late on Wednesday the third emergency programme in two days in an increasingly desperate and futile attempt to avoid...

THE BANK of England cut its base rate to a record low of 0.1%, a sliver above zero, warning the coronavirus pandemic will result...

ON TUESDAY, postal workers delivered a massive 94.5% YES vote to strike in defence of their jobs, pay and conditions and the very existence...

FOR THE second time in less than two weeks the US Federal Reserve slashed interest rates to near zero on Sunday, a desperate last...

GLOBAL stock markets crashed on Thursday, the biggest single day fall in history. This is the historic crisis of capitalism, its death agony. The...

CHANCELLOR Rishi Sunak opened his Budget speech on Wednesday with an appeal to ‘put aside party politics, and act in the national interest’ in...