Catch Bank of Cardiff's latest newscast and get up to speed on some of the burning issues of the day - in a matter of minutes. We'll report on developments in the US and Europe and provide insightful comment on a wide range of news stories from finance to entertainment. Check in for your regular update!
After Britons voted to leave the EU, will other countries follow their lead?
July 5, 2016
Europe is in turmoil after the shock outcome of Britain's referendum which saw a slim majority of is citizens vote in favour of Brexit. The imminent separation of the UK from the European Union has given voice to political parties in other countries, which are calling for people to be given a voice on their membership of the bloc. But, after the global reaction to the UK's momentous decision, how likely are other members to push for referendum?
Britons have narrowly voted to leave the European Union but what are the consequences?
July 2, 2016
There was plenty of anxiety in the run-up to the UK referendum on its membership of the European Union, but few could have predicted the full impact of the shock decision to leave. In the event, more than 17 million Britons voted to withdraw from Brussels which has brought into sharp focus a debate about some of the likely outcomes. With issues ranging from the problems of economic instability to the possibility of a break-up of the union itself, it appears that the Brexit result could have much wider implications than originally thought.
After Britain's historic vote to leave the EU, what are the implications?
July 1, 2016
The shock result of the UK's referendum on EU membership is causing uncertainty across the world. On Thursday 23 June, more than 17 million Britons voted to exit from Brussels. Although formal negotiations will take two years to conclude, the response from the stock markets was swift with exchanges everywhere seeing an instant downturn, as well as flight from the pound. The country has been stripped of its triple-A credit rating. The prime minister stepped down and will leave it to his successor to enact Article 50 of the Lisbon Treaty which will begin the Brexit process.
In a shock result, Britons have narrowly voted to leave the European Union
June 30, 2016
After months of high-octane campaigning and angry deadlock between Westminster's leading politicians, The United Kingdom has voted to end 43 years of European Union membership. It was a close-run referendum; in the weeks preceding, had been predicting a difference of just a few percentage points between the 'Remain' and 'Leave' sides. Despite Remain appearing to take a marginal lead, tense hours of voting on 23 June delivered a win for the Leave camp of 52%-48%.
Stanford University researchers highlight threat to the privacy of ordinary citizens
June 13, 2016
Stanford University researchers have released a study that shows how details obtained from telephone calls under routine surveillance programs by the National Security Agency (NSA) may pose a threat to privacy. The report explains how despite only having access to anonymous 'metadata' - and without seeing the contents of any of the emails and calls - the scientists were able to ascertain names and addresses, as well as potentially sensitive information, including medical diagnoses. The metadata is widely used by the security services.
Google faces charges of financial fraud following raid on its French offices
June 8, 2016
In the wake of recent revelations regarding the tax-avoidance schemes by multinationals, French investigators have raided Google's Paris headquarters, announcing that the company is under investigation for aggravated financial fraud and organised money laundering. Prosecutors have said that they want to investigate the Irish company through which Google passes most of its European revenues to establish whether its real HQ is in Dublin, not Paris.
International Monetary Fund claim austerity measures aren't good for global economy
June 6, 2016
Economists from the International Monetary Fund have issued a stern warning that austerity measures promoted by countries such as the UK and Germany aren't helping to grow the global economy. The IMF article blames the last few decades of neoliberal strategies, arguing that while the expansion of global trade has lifted millions out of poverty and the privatisation of state-owned enterprises has led to the more efficient provision of services, the approach has failed to deliver in other areas.
The Federal Reserve looks set to hike US interest rates in the coming months
June 3, 2016
It seems increasingly likely that the Federal Reserve will impose further interest rate hikes this year, six months after it increased rates for the first time in almost ten years. At the Fed's review in April, members voted strongly to keep interest rates unchanged, pointing to fears over the sluggish growth of US economy in Q1, Britain's potential exit from the EU and uncertainty over China. Four hikes were forecast for 2016, but it's a figure that's been revised down to two in the light of flat economic conditions globally.
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