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Reactions
range from ‘it’s fucked my life’ to ‘fantastic – I woke up English’.
John Harris talks to Glastonbury revellers waking up to a damp day on
Friday and the news that Britain had voted for Brexit.
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The
age gap is apparent: many youngsters say they feel they feel
disconnected to half the UK population who voted Leave, while some older
Welsh steel workers break into a celebratory song. But one thing they
agree on, Coldplay’s performance is unlikely to lift their spirits.
Photograph: Jonathan Short/Invision
UK
citizens voted to leave the European Union, sending global stocks
sharply lower as investors flooded safe-haven assets like the yen and
government bonds on Friday. The pound sunk to its lowest level against
the dollar in 31 years. UK Prime Minister David Cameron said he will
step down.
Markets were thrown into turmoil on Friday after the UK took the unprecedented step of voting to leave the European Union.
Mark
Dampier, research director at Hargreaves Lansdown PLC (LON:HL) tells
Proactive Investors “generally speaking it has been pretty chaotic in
the markets” adding that he thinks investors had priced in a ‘remain’
vote.
“The markets have just had to do a full 360 turn”, he says,
adding that “markets don’t like surprises, and they got the biggest
shock of their lives at around 4am”.
Dampier compares Friday to two
other events, Black Monday, in 1987 and leaving ERM in 1992, but says it
will likely have a slower and more prolonged reaction.
He adds that
he believes the country will “muddle through, but unfortunately that
muddle through will be a bit messy for a while”.
The
UK and the EU entered uncharted waters Friday after the country voted
to leave the bloc. Shortly after the result, Prime Minister David
Cameron announced his intention to resign in three months.
The
primary goal of most businesses is to turn a profit, but a new
generation of workers and entrepreneurs are putting the idea of doing
good at their core.
D.light, an American solar energy company, is
one such example. It is lighting the homes of more than 62 million
people with solar lanterns.
Al Jazeera’s technology editor, Tarek Bazley, reports from Palo Alto, California.
Retail
FX sentiment is moving back towards recent extremes as USD/JPY dips
below the 99.00 handle, with Japanese officials closely watching the
currency market.
The
Bank of England Governor Mark Carney has said its ready to intervene
and provide additional help to prop up financial markets.
In a
televised statement he said there will be a period of uncertainty and
adjustment after the Brexit vote: "We are well prepared for this. The
Treasury and the Bank of England have engaged in extensive contingency
planning. The Bank will not hesitate to take additional measures as
required as markets adjust and the UK economy moves forward.
Ukraine
is on verge of sanitary catastrophe. The majority of current sewerage
system constructed in the Soviet times is totally worn out. Out-of-date
tubes leak, thus absorbing numerous bacteria infecting the water supply
systems. Intensified with the anomalous summer heat, a good deal of
infections has already resulted in negative consequences.
The
first to suffer were the residents of Izmail, a town in Odesa region in
southern Ukraine. The infection outbreak started in mid-June when
several hundreds of people turned at the same time for medical help,
complaining about unknown enteric symptoms. In the following days the
number of patients rose drastically, the doctors reported lack of
hospital beds. Local authorities immediately closed all public eating
places declaring an emergency state.
Ecologists claim the source
of infection might be tap water, supposedly contaminated after heavy
rain. Until now the residents do not risk to drink running water,
choosing instead bottled water delivered from other places, despite it
being expensive and difficult to purchase.
Another catastrophe
happened on the opposite side of Ukrainian map. 50,000 residents of the
city of Sumy in northern part of the country were left without water
supply after the pumping station's breakdown. Shortly after it went out
of order on Monday, June 20th, the authorities cut the water supply to
avoid mass poisoning. Along with the numerous households regional
children hospital, military hospital, retirement home, and several
kindergartens had to deal with summer heat without running water.
Global markets have been shaken by the prospect of a UK exit from the European Union.
As
dawn broke in the eastern hemisphere, the volatility of the situation
was evident from Australia through to Asia. Tokyo's Nikkei opened down
around three percent, and extended losses as results trickled in.
The yen initially jumping more than one percent against the US dollar.
Martin
Schulz, a Senior Economist at the Economic Research Center with the
Fujitsu Research Institute spoke after the Asian marke…
READ MORE : http://www.euronews.com/2016/06/24/gl...
Led
Zeppelin did not steal the opening bars of its 1971 mega-hit “Stairway
to Heaven” from the band Spirit, a Los Angeles federal jury decided on
Thursday. Mark Kelly reports. Image: Everett Collection
Britain
has voted to break out of the European Union, national media declares,
striking a thunderous blow against the bloc and spreading alarm through
markets as sterling plummeted to a 31-year low against the dollar.