Tag Archives: Britain

Bomb cyclone storm rips across UK, spawns most flood warnings, alerts in England 'than any other day on record'

An explosive winter storm roared across Britain on Sunday, packing high winds and heavy rain that prompted a record number of flood warnings in England. The Met Office, Britain’s meteorological service, said Storm Dennis was expected to dump 5 1/2 inches of rain in south Wales before gradually easing. The weather service issued a rare “red warning” for life-threatening flooding in that region. Numerous rescues ...

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Brexit or no Brexit, the US-British alliance remains vital

Britain’s Prime Minister Theresa May talks to journalists after her meeting with European Council President Donald Tusk at the European Council headquarters in Brussels, Thursday, Feb. 7, 2019. (AP Photo/Francisco Seco) “America’s unsinkable aircraft carrier.” That’s what allied and axis fighters called Britain during World War II. The United Kingdom remains as vital to American security today as it was ...

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Japan still has great influence on global financial markets

IT IS the summer of 1979 and Harry “Rabbit” Angstrom, the everyman-hero of John Updike’s series of novels, is running a car showroom in Brewer, Pennsylvania. There is a pervasive mood of decline. Local textile mills have closed. Gas prices are soaring. No one wants the traded-in, Detroit-made cars clogging the lot. Yet Rabbit is serene. His is a Toyota ...

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How the medical-tourism business thrives

IN THE tiny Croatian town of Zabok patients arrive in their thousands each year from across Europe and the Middle East, seeking replacement hips or knees at the St Catherine hospital, which specialises in orthopaedic work. Some come for treatment they cannot get at home, others to escape long waiting-lists for public health care or high prices for private operations. ...

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Japanese banks’ foreign exposure may threaten financial stability

THE maelstrom that hit global financial markets a decade ago is known in Japan as the Lehman Shock, after the bankruptcy of the American investment bank that caused it. Japanese banks themselves escaped relatively unscathed, owing to defences built during the 1990s, when the country struggled with deflation and excessive debt. But they seem to have forgotten the lesson. Risk-taking ...

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