British finance minister says Beijing agrees to make London hub for handling China’s yuan
(UPI Photo/Hugo Philpott) LONDON, Oct. 14 (UPI) — A planned terrorist attack in Britain was foiled when four men were arrested in London after tires were shot out in a car chase, police said. Scotland Yard said the men were arrested Sunday under the Terrorism Act 2000 on suspicion of the commission, preparation or instigation of acts of terrorism, The Daily Telegraph reported. Armed officers were deployed because it was feared the men could have access to weapons, the Telegraph said. Police shot out the tires of a vehicle in east London while pursuing two of the men, each age 25, the Telegraph reported, adding witnesses reported observing police ram the rear of the car, while a helicopter hovered overhead, before it was brought to a stop Sunday evening. In simultaneous actions, a man, 28, was stopped by police as he walked down a west London street, and a fourth man, 29, was arrested in a home in southeast London, the Daily Telegraph said. The BBC said the alleged Islamist plot was believed to have involved firearms and had been being monitored for some time. The four men were booked at a south London police station as six homes across London and two vehicles were being searched, officials said. Their identities were not released. In a statement, Scotland Yard said the arrests were made during a “pre-planned, intelligence-led operation. …
By Chiderah Monde / NEW YORK DAILY NEWS Monday, October 14, 2013, 7:45 AM infusny-271/uklo-200 Jay Z and Chris Martin were spotted taking the train to London’s O2 Arena. First, he took the subway to Brooklyn like a true New Yorker. Now, Jay Z is taking over London’s tube. The 43-year-old rapper gave several Londoners quite the celebrity sighting when he boarded the city’s underground on his way to his own concert at the O2 Arena on Saturday. Neil Lupin/Redferns via Getty Images The rapper was on his way to performing at Londons O2 Arena Saturday. Not only were tube riders graced by the charitable presence of Jay Z, the rapper brought a few famous friends. infusny-271/uklo-200 The rapper’s famous entourage included producer Timbaland, and baseballers Robinson Cano and CC Sabathia. Coldplay frontmanand best budChris Martin, hit producer Timbaland, and Yankees players Robinson Cano and CC Sabathia were a part of Hov’s 15-person entourage, eyewitnesses told Us Weekly. infusny-271/uklo-200 The celebritiy sightings caused a stir for fellow tube riders. “He got on the same carriage as us at Waterloo station,” a rider told the mag. “It was the Jubilee Line.” Last time, the “Magna Carta Holy Grail” rapper boarded a Brooklyn-bound R train on his way to Barclays for one of his concerts. An adorable encounter with unsuspecting artist Ellen Grossman, who had no idea who Jay Z was, became a viral video.
Jay Z, Chris Martin ride London tube to rapper’s concert: Timbaland, Robinson Cano, CC Sabathia join
The announcement came in the middle of a five-day British trade mission to China led by finance minister George Osborne. On Monday, Britain unveiled simpler visa rules aimed at luring Chinese tourists. Osborne’s trip marks a return to normal exchanges after Beijing derailed a planned visit by Prime Minister David Cameron in April in retaliation for the British leader having met the Dalai Lama, the exiled Tibetan spiritual leader. Investors in London will be allowed to apply for licenses to invest yuan directly into China, Osborne announced. He said the Chinese central bank set an initial quota for London of 80 billion yuan ($12.7 billion). Tuesday’s announcement put London ahead in the race by global financial centers to gain a share of yuan-denominated business as Beijing gradually expands use of its currency for trade and investment. Hong Kong was the first financial center outside mainland China where trading of yuan was authorized. London banks have traded yuan since early last year. “Now London is a major global offshore center for the trading of the Chinese currency,” Osborne told reporters. Britain and China signed an agreement in June to have their central banks swap 200 billion yuan for 20 billion pounds. The European Central Bank and Beijing announced a similar agreement this month to swap 350 billion yuan for 45 billion euros. That suggested Frankfurt also might be in to become a center for business denominated in yuan. Also Tuesday, Osborne said China’s state-owned banks will be allowed to expand their operations in Britain by setting up wholesale branches. Cameron was forced to abandon his April trip after China said he would not be able to meet senior officials.