Tag Archives: David Cameron

UK votes to leave European Union, Cameron to step down

Newsroom24x7 Staff

David Cameron

London: UK has voted to leave the European Union. The referendum on whether or not UK should remain with the EU has tilted in support of “Leave EU” with 52% to 48%.

British Prime Minister David Cameron announced that he would be stepping down by October soon after the people’s verdict. He had asked the people to vote Remain.

Modi in UK – two strong economies, two innovative societies

Newsroom24x7 Desk

Modi in UK 2London : Prime Minister Narendra Modi’s arrival in London was marked with a flypast by the RAF’s aerobatics team over the House of Commons. When the Indian PM proceeded to address the British MPs in the Royal Gallery, large crowds cheered him and welcomed the Indian PM on UK soil.
Delivering his speech, PM Modi emphasized on how the two countries needed to create one of the leading global partnerships. After visiting the statue of Mahatma Gandhi at the premises there, PM Modi took an initiative and addressed UK’s top industry leaders at London’s Guildhall, and made a pitch for investment in India. He said — We have been working aggressively to make India an easy and simple place to do business. In ease of doing business India went up 12 places in one go.

PM Modi, whose three-day visit is the first by any Indian prime minister in a decade, said India’s relationship with the UK was of immense importance. As both leaders of India and UK addressed a joint media and highlighted the salient points arising out of their bilateral talks, both leaders expressed their expectations and commitment towards improving bilateral relations. Addressing the media jointly with PM Modi, UK Prime Minister David Cameron said UK supports India’s permanent membership in the UN Security Council.PM Modi showed his support for Britain’s upcoming EU referendum, saying, India viewed the UK as its entry point to the EU.He said — Yes we are going to other European countries as well, but we will continue to consider the UK as our entry point to the EU as far as possible.

Confronting questions by the British media on growing incidents of intolerance back home, PM Modi said his government was committed in protecting every citizen’s freedom. He said — India is the land of Buddha and in our society, we don’t accept unconstitutional things. The law will deal with these severely.

PM Modi said UK and India were two strong economies and two innovative societies, and going forward, this relationship must set higher ambitions. India and UK announced deals worth 9 billion pounds. The two countries also signed a civil nuclear pact. Both leaders said they would collaborate on issues including finance, defence, nuclear power and climate change.

PM Modi stayed overnight at Chequers, a 16th-century mansion, which presently happens to be British Prime Minister David Cameron’s country retreat in Buckinghamshire. Prime Minister Narendra Modi will today have lunch with Queen Elizabeth and then address the Indian community at the Wembley Stadium in what is flagged as the centerpiece of his three-day UK visit, where more than 70,000 NRIs have already queued in with reserved seats for the grand gallery.

UK Today – David Cameron initiates Global Fin Tech Hub

Newsroom24x7 Desk

UK 10 downing streetLondon, UK: Prime Minister David Cameron has taken up an initiative to project and promote UK as a Global Financial Technology Hub for the world participants. On a trade mission during his South East Asian visit, Cameron strongly promoted UK’s quest of attaining the FinTech Leader status in the world map.

Companies such as Blockchain, Pennies and Earthport were amongst the 31-strong delegation hoping to capitalise on the opportunities available in the fast-growing markets of Indonesia, Singapore, Vietnam and Malaysia.

The Prime Minister’s trade mission came as FinTech membership body Innovate Finance published its new manifesto titled Innovate Finance Manifesto 2020.
Innovate Finance is an independent membership-based industry organisation that aims to advance the UK’s standing as a leader in financial technology (FinTech) innovation both domestically and abroad.

Members range from the world’s leading global corporations to the UK’s most promising FinTech start-ups who through Innovate Finance, receive a single point of access to policy makers, regulators, investors, customers, educators, talent and key commercial partners.

Global investment in FinTech-related activity has tripled in the last year from $4billion to $12billion across more than 730 deals. Projections for annual global investment in FinTech is expected to reach $46bn in 2020. It is becoming increasingly evident that FinTech and the digital revolution, that underpins the expansion of this sector, has the potential to fundamentally change the way financial services operate.

With over 120 members from across the FinTech ecosystem, Innovate Finance seeks to address some of the key issues affecting the growth of the sector, from attracting greater inward investment to helping shape the development of proportionate and effective regulation, whilst continuing to champion a truly democratic and inclusive financial services industry.

In its quest to become the leading FinTech centre, at the Summer Budget the government appointed UK’s FinTech Special Envoy. It also announced that it will undertake a FinTech benchmarking exercise in the autumn to help identify barriers to the development of the sector in the UK.

World leaders condemn ISIL Murder of Japanese Journalist Kenji Goto

Newsroom24x7 Desk

Kenjo GotoWashington DC, Feb. 1: World leaders have condemned and called the murder of Japanese hostage Kenji Goto by ISIL as a barbaric act.

The death of Japanese journalist Mr. Goto comes close on the heels of the slaughter of Haruna Yukawa. Japanese Prime Minister, Shinzo Abe called the killings “despicable terrorist acts”. US President Barack Obama said the murder was heinous. David Cameron, Prime Minister of Britain said that those responsible should be hunted down.

Condemning ISIL’s vicious murder of Japanese journalist Kenji Goto, the United States has extended heartfelt condolences to his wife, his family, and his loved ones, as well as to the people of Japan.

The barbaric killing of Kenji Goto, and of Haruna Yukawa before him, shows again ISIL’s brutality and extremist agenda, a statement by United States said adding “We share the sorrow and continue to stand shoulder-to-shoulder with our ally Japan in confronting terrorism. We commend Japan’s support for those in the region who have been displaced by ISIL, the Syrian regime, and other militant groups.”