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David Cameron

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  • LONDON, Nov 27- Britain agreed to further dismantle its highly centralised system of government on Thursday, striking a political deal to grant Scotland new tax-raising powers in a move critics fear could trigger the beginning of the end of the United Kingdom. The deal, unveiled on Thursday after an agreement between all the Scottish chapters of Britain's main...

  • LONDON, Nov 27- British finance minister George Osborne will try next week to convince voters only he can be trusted to run the economy, delivering an uncompromising fiscal plan in a budget update six months before national elections. Osborne will focus his Autumn Statement on Britain's return to growth, while sketching out enough sense of economic danger to...

  • Scots to get new powers after rejecting separation Thursday, 27 Nov 2014 | 6:36 AM ET

    LONDON— Britain's main political parties agreed Thursday to grant Scotland new tax and spending powers to fulfill a promise of greater autonomy made as politicians scrambled to persuade Scots to reject independence in a recent referendum. Since then a commission of politicians from Scotland and the rest of Britain has been thrashing out proposals to...

  • LONDON, Nov 27- Britain's main political parties struck what they said was a historic deal to grant Scotland tax-raising powers and greater autonomy to try to satisfy disappointed separatists who lost an independence vote two months ago. The deal, which was unveiled on Thursday but will not be implemented until after a UK- wide parliamentary election next year,...

  • BIRMINGHAM, England, Nov 23- For some British Muslims, the path to jihad and the path to peaceful aid work can traverse much of the same terrain. From an office in Britain's second largest city, Waseem Iqbal and a friend are planning a trip to the Middle East. "How do you save innocents in Syria?

  • Election, EU uncertainty to add risk to British markets Thursday, 20 Nov 2014 | 12:07 PM ET

    *Markets not yet pricing in possible UK exit from EU. "You can draw parallels between what happened with the Scottish referendum and UK exit," said Themis Themistocleous of UBS Wealth Management. "If suddenly the polls started swinging towards UK exit you most probably see that reflected more in the market."

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • EU Court adviser backs cap on bank bonuses Thursday, 20 Nov 2014 | 5:00 AM ET

    BRUSSELS— A key adviser to the European Union's highest court is siding against Britain and wants the EU cap on bankers' bonuses to be maintained. Britain says the rules will lead to an increase in bankers' fixed pay, drive away talent and weaken Europe's financial industry, the heart of which is in London's City. The issue of whether the EU should make decisions...

  • G20's new growth plans suspiciously long in the tooth Tuesday, 18 Nov 2014 | 12:21 AM ET

    SYDNEY, Nov 18- As leaders of the world's 20 most powerful nations congratulate themselves on plans to boost economic growth, a closer look at their 800- plus policy proposals reveals a catalogue of measures that are either old, vague or unlikely to be implemented. Australia, the hosts of the Group of 20 meeting, claimed credit for a year-long effort to get members...

  • Indian leader wants closer links with Australia Monday, 17 Nov 2014 | 8:23 PM ET

    CANBERRA, Australia— Indian Prime Minister Narendra Modi on Monday called for a closer strategic partnership between India and Australia as well as a closer trading relationship, warning that peace in the Asia-Pacific region cannot be taken for granted. Modi said in a rare address to the Australian Parliament that few countries have as much synergy as...

  • 'Red warning lights' flashing for global economy Monday, 17 Nov 2014 | 4:39 AM ET

    Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by $2 trillion over five years, Japan said it had fallen into recession. China is slowing as well, and Europe can't seem to take off. Among major economies, only the United States and Britain are growing at decent rates, and how long...

  • Russian president denies he fled summit pressure Sunday, 16 Nov 2014 | 5:18 AM ET

    BRISBANE, Australia— Russian President Vladimir Putin made an early exit on Sunday from a two-day summit of world leaders where he was roundly criticized over Russia's escalating aggression in Ukraine, but brushed off suggestions that he had felt pressured. He also departed Australia shortly before President Barack Obama and European leaders opened their...

  • *Russia at crossroads over Ukraine, more sanctions possible. BRISBANE, Australia, Nov 16- Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine. President Barack Obama accused Russia of...

  • UPDATE 2-Rouble loses ground on lower oil price Friday, 14 Nov 2014 | 11:01 AM ET

    MOSCOW, Nov 14- The Russian rouble fell on Friday, dragged down by weak oil prices and political instability in Ukraine, although it made up some ground late in the day as oil prices picked up somewhat. Russian assets are also under pressure because of fears that Western countries may introduce new sanctions against Russia over its actions in Ukraine.

  • MOSCOW, Nov 14- The Russian rouble fell further on Friday, dragged down by weak oil prices and by fears of new Western sanctions against Russia because of the deteriorating ceasefire in eastern Ukraine. Russian assets are also under pressure because of fears that Western countries may introduce new sanctions against Russia over its actions in Ukraine.

  • LONDON, Nov 12- The Bank of England sees British inflation falling below 1 percent in the next six months and Governor Mark Carney said markets were right to rule out an interest rate hike any time soon. He also pointed to "troubling" developments in the euro zone, home to Britain's main trading partners, where the economy is at risk of falling back into recession.

  • LONDON, Nov 10- Prime Minister David Cameron said on Monday that Britain should not be willing to stay in the European Union "come what may", as his main political rival said the promise of a referendum on membership of the bloc was creating uncertainty for businesses. In a bid to quell dissent among his own lawmakers and win back voters who have defected to the anti- EU...

  • LONDON, Nov 10- British Prime Minister David Cameron on Monday rejected a charge from his main political rival that his plan to reshape Britain's ties with its European Union partners creates uncertainty for businesses,. In an attempt to quell dissent among some of his own lawmakers and win back Eurosceptic voters who have defected to the anti- EU UK...

  • MOSCOW, Nov 7- Russia is committed to the peace process in eastern Ukraine and wants further talks on ending the conflict between government forces and separatists, the Kremlin said on Friday. "We support the continuation of the Minsk process and advocate holding another meeting of the Contact Group," Ushakov told reporters, referring to a ceasefire agreement...

  • LONDON, Nov 4- A deal to rescue the UK's Milford Haven oil refinery has collapsed, forcing operator Murphy Oil to shut the plant with the loss of hundreds of jobs, the latest victim of a slump in the European refining industry. Emphasizing the political cost of jobs being axed in the run up to a UK general election next year, British Prime Minister David Cameron called...