Barclays, NatWest and HSBC increasingly targeted by litigation funders in wave of class-action lawsuits January 9, 2023 The UK’s top banks are increasingly being targeted with class-action lawsuits as litigation funders back claims against some of Britain’s largest lenders in their pursuit of high returns. Banks listed on the FTSE 100 index are currently facing at least 109 class-action lawsuits in multiple countries around the world, according to analysis by law firm [...]
Oil slumps as Russian troops return to base and investors cash-in on market rallies February 15, 2022 Profit taking from investors and reports of Russian troops pulling back from Ukraine's borders has weighed down oil prices.
Abu Dhabi is booming. We checked into the Shangri-La to get the lowdown April 4, 2023 Abu Dhabi is booming, so Olivia McEwan checked into one of the best hotels to get the lowdown THE WEEKEND: The Shangri-La Qaryat Al Beri occupies a private stretch of beach on the Khor Al Maqta canal, positioned to offer views over the main island of Abu Dhabi from each of its 213 rooms. Its [...]
America and Iran are sleepwalking towards disaster January 9, 2020 I well remember that I kept putting my hands to my head as I read, terror-stricken, Christopher Clark’s provocative The Sleepwalkers, which boldly posited that World War I was not part of anyone’s grand strategic design. Instead, Armageddon came about through a number of countries and statesmen making lesser errors, which compounded somehow produced the [...]
Watch: Muhammad Ali’s journey from Bitcoin entrepreneur to fugitive August 26, 2021 Muhammad Ali said he dreamt of building a cryptocurrency business before the Taliban began its sweep through Afghanistan. The fall of Kabul forced him into a daunting journey west, through Iran and Turkey, evading border guards and security searches as he went. Watch the full report.
Packed cargo ship sinking quickly, rescue efforts launched for dozens of crew members March 17, 2022 An Emirati-flagged cargo ship is currently sinking in the Persian Gulf, with efforts under way to rescue 30 crew. Captain Nizar Qaddoura, the operations manager of the Salem Al Makrani Cargo company, said that the Al Salmy 6 encountered rough and stormy weather, then capsized. Rescuers had saved 16 crew members, the captain said. Another [...]
Oil prices climb towards $100 as the West rolls out sanctions on Russia February 23, 2022 The escalating crisis on Ukraine’s eastern flank saw oil prices inch towards $100 a barrel for the first time in almost a decade yesterday.
Oil sorted? Prices show partial signs of recovery amid reports of mild Omicron variant December 6, 2021 Oil partially recovered on Monday, climbing towards $72 a barrel with reports of Omicron being milder than first feared.
Israel and Ukraine deny claims Zelensky was told to ‘surrender’ to Putin’s demands March 12, 2022 Israel and Ukraine have denied claims that Israeli prime minister Naftali Bennet told Volodymyr Zelensky to strike a deal with Vladimir Putin, in order to end Russia’s invasion of Ukraine. The denials come after US new site Axios said Bennet had advised Zelensky to accept Putin’s proposals and cave in to Russia demands, to end [...]
Could Putin pull Russia out of key Ukraine grain deal, and what would the impact be on global markets? April 7, 2023 Russia could pull out of a wartime deal that allows the export of Ukrainian grain to global markets if the West fails to remove obstacles to Russian agricultural exports, Moscow’s top diplomat has said. The deal, brokered by the United Nations and Turkey in July, unblocked shipments stuck in Ukraine’s blockaded and mined ports, alleviating [...]