London

London-based Barclays bank says it may cut costs if “challenging” economic conditions persists throughout the year.

The warning came as the bank said Thursday that revenue dropped 2% to 5.25 billion pounds ($6.77 billion) in the first quarter of 2019. Pre-tax profit from Barclays’ corporate and investment banking business fell 30%.

Barclays says the “income environment in the quarter was challenging” and it will reduce spending “if this were to persist for the remainder of the year.”

The bank says it has already cut bonus and compensation payouts across the corporate and investment bank to reflect the division’s poor performance.

Barclays reported quarterly net income of 1.04 billion pounds, compared with a year-earlier loss of 764 million pounds, when the bank set aside 2 billion pounds to cover misconduct.

Source: Fox News World

Climate change protesters who have brought parts of central London to a standstill for days say they will lift their blockades.

The group Extinction Rebellion says it will end its remaining demonstrations at Marble Arch and Parliament Square on Thursday.

Last week, the protesters blocked Waterloo Bridge and major intersections including Marble Arch and Oxford Circus, snarling traffic and disrupting bus routes.

The civil disobedience movement saw tented protest sites sprouting around the capital. More than 1,000 people were arrested as police tried to clear the sites, though only about 70 have been charged.

Extinction Rebellion thanked Londoners in a statement Wednesday, saying: “We know we have disrupted your lives. We do not do this lightly. We only do this because this is an emergency.”

Source: Fox News World

The Latest on the killing of a journalist in Northern Ireland (all times local):

8:50 a.m.

The Northern Ireland Police Service says they have arrested a woman under the Terrorism Act in the slaying of journalist Lyra McKee.

The 57-year-old woman was arrested Tuesday under the terrorism act.

An Irish Republican Army splinter group earlier admitted that one of its “volunteers” killed McKee, who was shot dead while reporting on rioting in Londonderry.

In a statement issued Tuesday to the Irish News, the New IRA offered “full and sincere” apologies to McKee’s family and friends.

The group said the 29-year-old journalist was killed during Thursday night’s unrest “while standing beside enemy forces” — a reference to the police.

The IRA and most other militant groups have disarmed since Northern Ireland’s 1998 peace accord. The New IRA has been formed from splinter groups opposed to the peace process.

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7:45 a.m.

An Irish Republican Army splinter group has admitted that one of its “volunteers” killed journalist Lyra McKee, who was shot dead while reporting on rioting in Londonderry.

In a statement issued Tuesday to the Irish News, the New IRA offered “full and sincere” apologies to McKee’s family and friends.

The group said the 29-year-old journalist was killed during Thursday night’s unrest “while standing beside enemy forces” — a reference to the police.

No one has been charged. Two teenagers arrested over the shooting were released without charge on Sunday.

The IRA and most other militant groups have disarmed since Northern Ireland’s 1998 peace accord. The New IRA has been formed from small splinter groups opposed to the peace process and has carried out sporadic bombings and shootings.

Source: Fox News World

British Prime Minister Theresa May is facing new pressure from her restive Conservative Party to resign as lawmakers return to Parliament — and to Brexit wrangling — after an 11-day Easter break.

Britain’s EU exit, due to take place last month, has been delayed as the government tries to win Parliament’s backing for a divorce deal with the bloc.

Talks on a compromise agreement are resuming Tuesday between May’s government and the main opposition Labour Party. But there are few signs the gap between the two sides is closing.

Anger is growing among Conservative lawmakers and officials over the delay to Brexit and May’s bid for compromise.

Pro-Brexit Conservative lawmaker Nigel Evans says calls for May’s departure are “growing into a clamor” and she should resign “as soon as possible.”

Source: Fox News World

Two teenagers who were arrested in the shooting death of a 29-year-old journalist in Northern Ireland have been released from police custody without being charged.

Police let the 18- and 19-year-old men go Sunday night and appealed to anyone with information about whoever killed Lyra McKee to come forward.

McKee was fatally wounded during rioting Thursday night in the city of Londonderry.

Police say she was probably hit by a bullet someone fired at police. Video from the scene showed a gunman wearing a black face mask aiming at officers.

The two teens were arrested under an anti-terrorism law on Saturday. Their release means authorities are still seeking the person who pulled the trigger.

McKee’s funeral is scheduled to be held in her native Belfast on Wednesday.

Source: Fox News World

Police in Northern Ireland on Saturday arrested two teenagers in connection with the fatal shooting of a journalist during rioting in the city of Londonderry.

The men, aged 18 and 19, were detained under anti-terrorism legislation and taken to Belfast for questioning, the Police Service of Northern Ireland said Saturday. No further information was immediately given.

Lyra McKee, 29, a rising star of investigative journalism, was shot and killed, probably by a stray bullet aimed at police, during rioting Thursday night. Police said the New IRA dissident group was most likely responsible and called it a “terrorist act.”

Assistant Chief Constable Mark Hamilton said earlier that a gunman fired a number of shots at police during the unrest. Police on Friday night released closed-circuit TV footage showing the man suspected of firing the shots that killed McKee.

The killing reminded many of the decades of violence that plagued Northern Ireland before the 1998 Good Friday peace agreement. It was condemned by all the major political parties as well as the prime ministers of Britain and Ireland.

Speaking in Dublin, Irish Prime Minister Leo Varadkar said the people of Ireland and Northern Ireland had chosen peace and cooperation on Good Friday 21 years ago and will not be “dragged into the past” by political violence.

McKee rose to prominence in 2014 with a moving blog post — “Letter to my 14 year old self” — describing the struggle of growing up gay in Belfast, the capital of Northern Ireland.

In the post, she described the shame she felt at 14 as she kept the “secret” of being gay from her family and friends and the love she eventually received when she was finally able to reveal it.

She also had recently signed a contract to write two books.

Hours before her death, she tweeted a photo of the rioting with the words: “Derry tonight. Absolute madness.”

Her partner, Sara Canning, told a vigil Friday that McKee’s amazing potential had been snuffed out.

Canning said the senseless murder “has left me without the love of my life, the woman I was planning to grow old with.”

“It has left so many friends without their confidante,” she added.

The New IRA is a small group who reject the 1998 Good Friday agreement that marked the Irish Republican Army’s embrace of a political solution to the long-running violence known as “The Troubles” that claimed more than 3,700 lives.

The group is also blamed for a Londonderry car bombing that did not cause any injuries in January. It is regarded as the largest of the splinter dissident groups still operating and has been linked to several other killings in the past decade.

Source: Fox News World

Protesters who have blocked London roads and bridges for more than three days say they will escalate their civil disobedience campaign if the British government doesn’t step up action against climate change.

Hundreds of demonstrators have blocked sites including Waterloo Bridge over the River Thames and the Oxford Circus and Marble Arch intersections since Monday.

The protest sites have sprouted tents, sound systems and even an ice cream van. Traffic is snarled and bus routes have been disrupted, to the frustration of commuters.

Police have made more than 420 arrests.

Gail Bradbrook of protest group Extinction Rebellion said Thursday that “more people are joining us all the time.”

Home Secretary Sajid Javid says protesters “do not have the right to break the law and significantly disrupt the lives of others.”

Source: Fox News World

Climate change protesters have glued themselves to a train and blocked major London intersections on the third day of a civil disobedience campaign.

Three demonstrators were arrested after stopping Docklands Light Railway services at Canary Wharf station on Wednesday.

Police have arrested more than 300 people since Monday during protests by the group Extinction Rebellion.

Demonstrators continue to block sites including Waterloo Bridge over the River Thames and the Oxford Circus and Marble Arch intersections. Many bus routes have been disrupted, to the frustration of commuters.

Lawyer Farhana Yamin, one of those arrested, apologized to public transit users. But she told BBC radio that “we need to take actions that are disruptive so everyone understands the dangers we’re facing right now.”

Source: Fox News World

Official figures show that inflation in Britain unexpectedly held steady in March, with economists suggesting that Brexit uncertainty prompted retailers to keep prices lower than would otherwise have been the case.

The Office for National Statistics said Wednesday that consumer prices were up 1.9 percent in the year to March. Most economists had expected inflation to rise slightly to 2 percent, which is the Bank of England’s target rate.

The figures suggest that rising uncertainty related to Britain’s exit from the European Union during the month may have contributed to the slightly lower outcome. Britain was due to leave the EU on March 29 but it was postponed as Parliament failed to back Prime Minister Theresa May’s Brexit deal. Britain now has a new Oct. 31 deadline.

Source: Fox News World

Environmental protesters have briefly blocked Waterloo Bridge in London and cut off access to other landmarks as they try to bring the city to a standstill.

The group Extinction Rebellion is trying to block five central London locations Monday to demand the British government declare a climate emergency.

The group expects thousands of protesters to converge on Marble Arch, Oxford Circus, Waterloo Bridge, Piccadilly Circus and Parliament Square.

Extinction Rebellion drew attention to its cause two weeks ago when members stripped to their underwear in the public gallery in Parliament during a Brexit debate.

Police have advised Londoners to leave extra time for their journeys because of possible delays caused by the protest.

Source: Fox News World


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