BAE Systems faces accusations of ‘aiding and abetting’ alleged Saudi war crimes in Yemen December 12, 2019 BAE Systems has been accused of having contributed to alleged war crimes in the conflict in Yemen by a group of human rights organisations, in a complaint to the International Criminal Court (ICC). The European Centre for Constitutional and Human Rights (ECCHR) has submitted a 300-page document accusing European arms executives at firms such as [...]
Oil prices under pressure since Trump’s Iran announcement May 14, 2018 Oil prices have been a bit of a roller-coaster ride so far this year, going up and down between its lowest point of $59 (£43) per barrel in February on the West Texas Intermediate (WTI) index to peaking earlier this month at almost $72 (£53). The news of President Donald Trump’s decision to pull the [...]
Saudi energy minister: Oil output restored after attack October 3, 2019 Saudi Arabia’s energy minister said his country has managed to restore all the oil output that was lost when a series of drone strikes pummelled part of its infrastructure last month. Prince Abdulaziz bin Salman said capacity stands at 11.3m barrels of oil a day, roughly the same as before the attacks. Read more: Petrol [...]
World leaders united in “deep regret” at Trump’s Iran move May 9, 2018 World leaders have united in expressing their deep regret at Donald Trump’s decision to withdraw from the historic deal with Iran. The deal, which allows the country to develop nuclear power and is granted sanctions relief as long as agrees not to develop weapons and submits to regular assessment, was rejected by the US President [...]
IMF warns 2019 global growth will fall to lowest since financial crisis October 15, 2019 Global economic growth will be just three per cent this year, the International Monetary Fund (IMF) has predicted, its lowest level since the financial crisis and a downgrade from the organisation’s April prediction. Read more: IMF chief says trade wars to cost global economy $700bn The “big four” developed economies of the US, China, the [...]
The coronavirus crisis is a make-or-break moment for globalisation March 6, 2020 The anti-globalisation movement is going viral. A new disease — virtually unknown, fiercely contagious, at times deadly — has put every aspect of modern life at risk. While governments grapple with the domestic realities, urging citizens to self-isolate and wash their hands while reciting Shakespeare, a larger question is looming: is this the end for [...]
Total and Maersk pull out of Iran over US sanctions uncertainty May 17, 2018 The energy giant Total and the world’s largest container shipping company A.P. Moller-Maersk announced that they would both pull out of Iran claiming that future US sanctions would make business there impossible. These decisions came after US President Donald Trump decided to pull the US out of the Iran nuclear deal on 8 May, which [...]
Trump’s peace plan has shifted the Palestinian direction of travel February 5, 2020 History is usually a cruel mistress to its losers, particularly in the case of peoples attempting to create new nations who failed in their aspirations. Not much is heard today of the Republic of Biafra, for example, an attempt led largely by the Igbo people to create an independent state carved out of Nigeria’s eastern [...]
US pulls troops back in Syria, opening door for Turkish offensive October 7, 2019 The US has begun pulling troops back from the northeastern border of Syria, clearing the way for a Turkish strike on Kurdish-led forces long allied to Washington. It has been slammed as a “stab in the back” by the Kurdish-led forces who are longstanding allies of the US in fighting the so-called Islamic State (IS) [...]
Citigroup and BNP Paribas named in case against Huawei finance boss August 21, 2019 Citigroup and BNP Paribas have been dragged into an ongoing US court case against the chief financial officer of Chinese tech firm Huawei. The banks have been named in documents published by a Canadian court as part of extradition proceedings against Meng Wanzhou, who is currently under house arrest in the country. Read more: US [...]