Credit: Stefan Rousseau/PA Wire Chancellor George Osborne said he and Boris were “yin and yang”. Credit: Stefan Rousseau/PA Wire Students at Peking University pose with Boris. Credit: Stefan Rousseau/PA Wire about 7 hours ago Brits need to change Chinese industry ‘sweatshop’ view Chancellor George Osborne wants Britons to stop viewing Chinese industry as a “sweatshop” and accept it is a world leader in high-tech industries. Amid concerns about human rights and corruption, Mr Osborne said China was “tackling its own problems” in the “way it thinks is appropriate”. Britain and China are two very old civilisations and China represents a fifth of the world’s population. Of course we can bring up issues that we have concerns about but we do also have to respect the fact it is a deep and ancient civilisation that is tackling its own problems and going about it in the way it thinks is appropriate. We can point out where we would do things differently, but I do think we need to show some respect for that. I think there is a bit of a British attitude which treats China as a sweatshop on the Pearl River. One of the things I’m trying to do this week in China is to change British attitudes to China… this is a country that is right at the forefront of medicine and high-tech and computing and high-tech engineering and all of that. Chancellor George Osborne speaking to BBC Radio 4 Today programme about 8 hours ago Boris Johnson and George Osborne are ‘yin and yang’ Chancellor George Osborne joked that he and Boris Johnson are like “the yin and the yang” as they both continued their visit to China. George Osborne said he and Boris Johnson are like “yin and the yang”.
UK court throws out Russian Magnitsky libel case
A link has been sent to your friend’s email address. 1 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs UK’s Royal Mail soars on stock market debut By Pan Pylas and Danica Kirka, Associated Press 9:07 a.m. EDT October 11, 2013 Royal Mail vans lined up at London’s largest sorting office Mount Pleasant. The shares of Britain’s postal service were up 31% to 432 pence ($6.91) by midday, a hefty gain for shareholders who got them at 330 pence. Nearly 150 million shares, or 15% of the total issue, changed hands. “One can only say that investors have clearly given their stamp of approval to the offering,” said Brenda Kelly, senior market strategist at IG. But the opposition Labour Party argues that the gains prove the government shortchanged taxpayers and could have gotten more than the 1.72 billion pounds ($2.75 billion) it received from the sale. “The government has a lot of explaining to do,” the Labour Party’s business spokesman, Chuka Umunna, wrote on Twitter. The privatization is symbolic for the Conservative Party, the main party in the coalition government. Much of its electoral success in the 1980s under Prime Minister Margaret Thatcher was due to the sale at the time of state assets such as British Gas and British Airways. Business Secretary Vince Cable, who is a member of the Liberal Democrats, the junior party in government, dismissed claims the sale had been undervalued, telling BBC Radio that the sharp price rise was no more than “froth and speculation.” Big financial institutions, such as pension funds and sovereign wealth funds, are trading the shares Friday in what is known as conditional trading. Smaller shareholders who tended for only 750 pounds ($1,200) and bought through brokers were able to trade, too.
UK unveils plans for major expansion project of Gatton College of Business by spring 2016
Pavel Karpov, a former Russian Interior Ministry investigator who is on the “Magnitsky list” of people barred from the United States over the lawyer’s death, was suing Browder over four videos and two articles linking Karpov to the case. Magnitsky, who was acting for Browder and his Hermitage Capital Management at the time, was arrested after accusing Russian officials of a $230-million fraud, and died in prison in suspicious circumstances in 2009. In Monday’s High Court judgement, Mr Justice Simon said: “I have concluded that these proceedings should be struck out as abuse of the (court) process …” The judge also found that there was “a degree of artificiality” about Karpov trying to protect his reputation in Britain. Magnitsky was posthumously found guilty of tax evasion by a Moscow court in July this year and Browder was convicted in absentia and sentenced to nine years in jail in the same trial, which was criticised by both the United States and the European Union. At a High Court hearing earlier this year, Browder’s lawyers had argued that Karpov had brought the libel suit to attack his inclusion on the U.S. Magnitsky list. They alleged that Karpov did not have the means to fund the litigation himself and that “this court cannot be satisfied that the Russian state is not behind the claims in some way”. Karpov, they added, had no connection with Britain and thus no reason to bring his suit in a British court. Karpov’s lawyers wrote in their own submissions that the suggestion that he was acting at the behest of the Russian state was “groundless”, noting that his earlier efforts to bring claims against Browder in Russia had been unsuccessful. (Reporting by Stephen Addison; editing by Michael Holden)
11, UK Pres. Eli Capilouto expressed his gratitude to the colleges benefactors who collectively have made more than $45 million in pledges and contributions toward the ambitious undertaking. He also praised the work of Gatton College Dean David W. Blackwell since the dean arrived on campus in March 2012. The new entrance will be from the campus rather than Limestone as it is currently. (Photo from UK) Dean Blackwell hit the ground running and has not stopped, said Capilouto. He and his team have done a tremendous job in raising additional support for this project while coming up with a design which will add to the beauty of our campus while providing truly state-of-the-art facilities in which our students will learn in an optimal, collaborative environment. The expansion and renovation plans call for a dramatic increase in space for educational offerings, as well as high-tech enhancements to classrooms and laboratories for students on both the undergraduate and graduate levels. The Gatton College is expected to grow substantially in the number of students entering its programs in future years, as well as in the quality of the academic profile of those students. Among the highlights of the new facility are: The footprint of the college will expand by 40 percent to 210,000 square feet. A new main entrance from the interior of the university campus, rather than from Limestone as it is currently, with an atrium that will serve as the living room of the building. A 500-seat auditorium designed for special events and large lectures. A new Behavioral Research Lab.
How Hackney explains UK policy towards China
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