Barclays boss Bob Diamond quits and threatens to take the City down with him
Scottish news: Scottish News Today - Tuesday
Labour: Salmond has not done his homework on independence
Shadow Scottish Secretary Margaret Curran is expected to give a speech later today in which she will accuse Alex Salmond of losing heart over the question of independence. The Labour MSP will address a conference by saying Salmond has lost heart and not done his homework on the consequences of independence.
Army battalions to be cut
A cull of army battalions expected to be announced on Thursday will mean that five infantry battalions and a third of the Royal Artillery and Royal Logistic Corps will be cut. The proposed abolition includes the 2nd Bn Royal Regiment of Fusiliers with members facing redundancy or a move to other units. The honorary Colonel of the Regiment of Fusiliers, Brig Paterson, says the decision will not “best serve” the armed forces.
- Libor scandal spreads
- Big Four UK banks face further 'shake-ups'
- Fresh fears Scottish independence referendum will face external influence
- Bank chaos blamed on 'computer glitch'
Portillo says unionist campaign can’t match Alex Salmond’s charisma
Michael Portillo has said that the ‘Better Together’ campaign has no outstanding personalities to match Alex Salmond’s charisma. The former UK Conservative Cabinet minister said the ‘No’ side were “in some difficulty” without a figure who has a “personality of the size” of Salmond and that Salmond has done well to provide a middle ground in considering a Devo question.
Glasgow exhibit at Venice Biennale
The Venice Biennale, the largest visual arts festival in the world, will show work of three Glaswegian artists in 2013. Three contemporary artists who work with films, installations, sculpture and painting will feature prominently at the art exhibition in the Italian city.
UK AND INTERNATIONAL NEWS:
Barclays boss Diamond quits
In light of the Lie-borgate scandal, Barclays chief executive Bob Diamond has resigned with immediate effect today. The American born banker was with Barclays for 16 years and had been facing increasing pressure to quit since the story broke last week and saw Barclays fined £290 mn for its involvement in inter-bank rate fixing.
Brown and Miliband may be grilled over bank scandals
Former PM Gordon Brown and Labour leader Ed Milliband could be asked to testify at the parliamentary inquiry into banking ordered by David Cameron. The investigation will consider the role of politicians in charge of regulating the industry, but last night Labour MPs accused the Conservatives of playing politics and threatened to boycott the probe calling for an independent inquiry instead.
Syria regrets gunning down Turkish jet
Syrian President Bashar Assad has said he regrets the shooting down of a Turkish jet but claims his forces acted in self-defense. A Turkish newspaper reported today that Mr Assad offered no apology for the downing of the plane but that he regretted the incident on June 22nd and that he would not allow it to instigate armed conflict between the two countries.
Mexican election not over as candidate refuses to concede
With almost all the votes in, Mexico’s second place candidate for president Andres Manuel Lopez Obrador has accused the Institutional Revolutionary Party (PRI) of spending more than their allotted electoral budget. Lopez is refusing to concede victory to presumed President-elect Enrique Pena Nieto despite being six points behind.
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