Morning Minutes: What will make headlines, Oct 13, 2016

The Houses of Parliament, in Westminster in London, Britain.
The Houses of Parliament, in Westminster in London, Britain.PHOTO: REUTERS

Good morning! Morning Minutes is a round-up of stories that will break on Thursday, Oct 13, and which we think you'd be interested in.

It appears on weekdays, available by 7am.

Britain's parliament to debate Brexit

Britain’s government faces a court challenge today (Oct 13) that could delay its exit from the European Union, as lawyers argue that Prime Minister Theresa May cannot bring about a so-called Brexit without a parliamentary vote. England’s most senior judges will hear arguments brought by lawyers for a number of different claimants, including an investment fund manager, a hairdresser and an expatriate living in France. Mrs May has agreed that Parliament should debate the Brexit, but has said that it would not vote on whether to activate Article 50 of the EU's Lisbon Treaty, which provides for withdrawal.

Awards for inspiring English teachers

Amid an ongoing debate about fatigued teachers leaving the teaching force, some are standing their ground – and winning awards. The Speak Good English Movement and The Straits Times, supported by the Ministry of Education, will be holding the Inspiring Teacher of English Award winners today (Oct 13).

Report on wealth of billionaires

UBS and PwC will release their Billionaires Report this afternoon. PHOTO: BLOOMBERG

UBS and PwC will unveil the UBS/PwC Billionaires Report 2016 this afternoon (Oct 13). The report examines wealth creation within the billionaire segment over the last year, which is likely to witness the greatest transfer of billionaire wealth in recent history. The data surveys the 14 largest billionaire markets, which account for 80 per cent of global billionaire wealth.

Discussion on South Korean interest rate policy

A man cycles in front of the Bank of Korea in Seoul. PHOTO: REUTERS

South Korea’s central bank is expected to keep interest rate policy on hold today as board members weigh the risks from household debt growing any faster. Most analysts pushed back their predictions of a rate cut and pointed out the rapid expansion in household debt as a renewed risk to growth. South Korea’s economic growth is being stifled by a slump in global demand and soaring household debt, highlighting the challenge of turning around exports that have fallen for just about all of the last 20 months while simultaneously stabilising financial markets against the volatility that could follow more policy tightening by the US Federal Reserve.