The Chancellor has launched legal action to block the European Union-wide levy on financial transactions (FTT) which traders fear could have a devastating impact on the City. More specifically, Osborne is worried by the fact that the levy will apply even to those countries who opt out of the agreement. Great Britain already has two other claims outstanding against the EU for setting financial rules which allegedly handicap the City, the FT writes. [21 Apr '13]
Three people are said to have been killed and over a hundred injured by two explosions near the finishing line of the Boston marathon yesterday. "The White House said the incident would be handled as an 'act of terror'. If confirmed as terrorism, it would be the most dramatic such incident on the mainland US since the 9/11 attacks in New York and Washington in 2001," writes the Financial Times. [16 Apr '13]
National newspaper publisher Trinity Mirror said annual profit and revenue fell sharply and, while it expects the trading environment to remain difficult, it will continue to invest in the business and pay down long term debt. [14 Mar '13]
Terrestrial broadcaster ITV was providing a lift to the media sector on Monday afternoon following the strong viewing figures for its celebrity reality TV show 'I'm a Celebrity Get Me Out of Here'. [3 Dec '12]
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