Looked for policies which protected the environment. Rishi sunak says the plan is better for Energy Security and better for Energy Security and better for jobs as members of the conservative party have issued a joint letter to the chancellor concerning the natwest de banking scandal. Concerning the natwest de banking scandal. While the de banking scandal. While the letter, which is signed by several mps, including sir iain duncan smith, warns that the Financial Conduct Authority may have inadvertently encouraged a culture within banking that led to nigel farage losing his coutts account. They say the fca should be investigated. The should be investigated. The journalist and politician Vladimir Kara murza has lost his appeal against a 25 year prison term in moscow. The dual russian term in moscow. The dual russian and british citizen was jailed in april for opposing russias invasion of ukraine. The Prime Minister called for his immediate release, describing russias actions as desperate
And unfounded. And now a win for the public. Everyone has a right , apparently, to wild camp in Dartmoor National park. Thats according to a new ruling by the court of appeal. It comes after a High Court Judge previously ruled against granting people the right to pitch tents overnight without first obtaining landowners permission. Two farmers brought a successful legal challenge against the Dartmoor National Park Authority, arguing that campers could destroy the environment. The Park Authority asked appeal judges to overturn the ruling early this month. And the ruling early this month. And in cricket , the ruling early this month. And in cricket, england the ruling early this month. And in cricket , england have beaten in cricket, england have beaten australia by 49 runs in the fifth ashes test to secure a 2 2 series draw. Stuart broad as well. Getting the dream finish well. Getting the dream finish he wanted by taking the last two wickets as he headed into retirement with a 49 run win
Argument in a case involving the taxation of earnings de by americans from a foreign company. The ca focuses on an indiabased company with more than half of its ownership held by americans. It was brought forward by a plaintiff who objected to a clause in a 2017 change in tax law that would have required a onetime repatriation test. This is about two hours. The court squarely held us much just a few years following adoption of the amendment. The it is undpud that the petitioners realedothing froms are stock investment. They were taxed not because they have no income but because in 17hey happened to owe shares in a corporation carrying retained earnings on its bks this is a tax on the ownership of property and therefore must be apportioned. The government cannot identify a single thing congress could not tax income underts position that reazation is unnecessary. Thout realization there is no limiting principle. Excepting the governments position on income would make a hash of the curren
Beijing may finally be winning its war on smog. Plenty more on those stories over the next couple of hours. Calendar today is trade numbers out of china for the month of december appeared rounding out has been a year of significant recovery when it comes to chinese exports in particular. 5643. After the declines over the past couple of years we do see two years of decline followed by that recovery. We are looking at december, a 10 year on year rise when it comes to exports coming in dollar terms. Thats a little moderation from novembers 12. 3 rise. Imports looking to pick up significantly. The brighter spots in that. Continuing to paint a picture of synchronized global recovery. Such a stronghad base to come off of in 2017 we might be struggling to hit doubledigit numbers in 2018 for exports. Certainly there is also the cloud of trade tensions between the u. S. And china lurking ever in the background. We are 30 minutes away from the opening china and hong kong. Sophie, we were thinkin
And facebook, and china h and a on a looming cash crunch. The level of debt in china. Yvonne some breaking news right now, south korea inflation in january looking soft, we see a 1 year on year estimate monthtomonth numbers edging lower at 4 10 of 1 , it seems the inflation looking to be getting more soft. Inething we do get to see the Fourth Quarter because we start to see the base effect starting to unwind and the stock currency weakness it is certainly playing into that inflation picture and it is essentially confirms the analysis that that be ok should bok. On hold in the meantime, inflation here looks like it may be picking up pace. That that statement mentioned Economic Growth and Economic Conditions might mean further gradual rate increases and too many that meant Interest Rate hikes coming faster than expected. I want to pull up one of our favorite charts it is wirp, and it shows Interest Rate hikes near almost 100 . Rate hike iner march, and certainly there is a sense where we