From TfL Tube strike and Tom Hayes’ Libor conviction to Quindell and Fantasy Football: Here’s what got us talking this week August 7, 2015 There were singing farmers. There was a decapitated bus. And suddenly, in North Korea, there was a new time zone. Here's what got us talking this week 1) London was (over) grounded The second strike in two months brought London's Tube network to a halt, and while that meant we all had to [...]
Egypt to build a new Suez Canal for $45bn August 5, 2014 Egypt will build a new Suez Canal parallel to the historic 145-year-old thoroughfare. In a bid to expand trade along the largest shipping route between Europe and Asia, Egypt will spend $4bn (£2.3bn) building a 45 mile "new Suez Canal" that runs alongside the current channel. Mohab Mamish, chairman of the Suez Canal [...]
Kazakhstan is a long way off the high rise life in China, but the Silk Road could take it in that direction July 29, 2015 Thousands of years ago on the ancient Silk Road, horses were to Kazakhstan what silk was to China— prime commodity. Chinese traders would traverse the Tian Shan mountains of eastern Kazakhstan, caravans loaded with silk, their most valuable product. In exchange, Kazakh nomads would equip them with Central Asian horses, prized for their strength [...]
Brent crude driven higher on Egypt turmoil August 15, 2013 The price of brent crude has risen to $111(£71.46) a barrel after the violence within Egypt. The fear is not over a fall in oil production, as Egypt is not a major producer of oil, but the possiblity of violence spreading into nearby major oil-exporting nations or to the distruption to the Suez Canal, a [...]
Egypt shares downgraded as violence escalates August 14, 2013 NOAH Capital Markets has downgraded its outlook on Egyptian shares from neutral to “sell”. This comes as violence erupts again with Egyptian security forces moved in to clear two protest camps in Cairo occupied by supporters of deposed president Mohammed Morsi. Estimates of fatalities vary wildly, with the interior ministry denying any deaths were caused [...]
Firms suspend business after Egypt violence August 15, 2013 VIOLENCE in Egypt that has left hundreds dead prompted multinationals to suspend business yesterday and raised fears that two years of economic crisis may quickly get worse. General Motors closed its assembly plant outside Cairo and shut its office there, and oil giant Shell shut its offices for the next few days and restricted business [...]
Nomura: Intervention in Syria will have little to no effect on global oil supply August 29, 2013 A senior analyst at Nomura has said that a US-led military strike on Syria will have little to no disruption effect on global oil supply. Alastair Newton, senior political analyst at Nomura, said: We cannot emphasize too strongly that, whatever option may be adopted we see little or no direct threat to global oil supply [...]
Egyptian protestors defy curfew January 28, 2013 Egyptian protesters defied a night-time curfew in restive towns along the Suez Canal, attacking police stations and ignoring emergency rule imposed by Islamist President Mohamed Mursi to end days of clashes that have killed at least 52 people. At least two men died in overnight fighting in the canal city of Port Said in the [...]
State of emergency in Egypt January 27, 2013 Egyptian President Mohamed Mursi declared a month-long state of emergency last night in Port Said, Ismailia and Suez along the Suez Canal, which have been the focus of anti-government violence that has killed dozens of people over the past four days. Seven people were shot dead and hundreds were injured in Port Said during the [...]
Rothschild and Rockefellers in joint venture May 30, 2012 THE ROTHSCHILD and Rockefeller dynasties have announced a tie-up that will see two of the world’s best-known business families join forces in the asset management industry. RIT Capital Partners, which is chaired and part-owned by Lord Jacob Rothschild, is to take a 37 per cent stake in Rockefeller Financial Services, the wealth manager. The multi-million pound [...]