Priti Patel summoned back to London by Theresa May after more undisclosed Israeli meetings come to light November 8, 2017 The international secretary Priti Patel has cut short her trip to Africa after she was summoned back to London by the Prime Minister, 10 Downing Street has confirmed. Patel was called back to the UK from her “pre-arranged” trip to Kenya and Uganda after it emerged last night she had attended yet more undisclosed meetings [...]
Qatar crisis puts Gulf trading on red alert July 25, 2017 Heading into 2017, expectations over heightened geopolitical risks may have been overdone. But as the year has progressed, the recent onset of a crisis in Qatar – which perhaps has broader regional implications – might just be a first warning that geopolitical risks are still ever-present and could easily resurface with a vengeance. On 5 [...]
Beware Bitcoin’s bite – why crypto-currency futures might make a risky investment deadly December 13, 2017 Deutsche Bank has raised serious concerns about the risk posed to the global financial system by Bitcoin. It’s not the first to red flag the crypto-currency and warn investors that it is a potentially dangerous financial instrument to get involved with. Others have warned about the dangers of a Bitcoin bubble. European Central bankers have [...]
UK businesses have slashed their cyber security budgets by a third October 18, 2017 Businesses in the UK have cut the amount of cash they are spending on cyber security despite the growing threat of attacks. Budgets for security are a third of what they were this time last year, down to £3.9m on average, compared to £6.2m according to research from PwC. The cost of attacks has fallen, [...]
Saudi Arabia offers to cut production by 1m barrels if Iran freezes output September 23, 2016 Reports suggest Saudi Arabia has offered to cut production by 1m barrels if its regional rival Iran agrees to freeze output. The de facto Opec leader's offer comes ahead of widely anticipated talks between the world's biggest oil producers taking place in Algeria next week. Sources told Reuters that the offer, which is yet to be accepted [...]
Oil price sinks after Iran and Saudi Arabia play down prospects of an output freeze September 27, 2016 Oil prices have sunk today as investors scale back their expectations of a deal to curb output between some of the world's biggest suppliers. Rival producers Iran and Saudi Arabia have both poured water on the possibility of a deal being reached to limit oil exports, which have remained at record highs all year. Both [...]
Last Week in the City: England has an 8.5% chance of winning the World Cup May 18, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (14 to 18 May 2018). UBS has used its City analysts’ predictive firepower to try and work out the winner of the upcoming World Cup in Russia – and England came surprisingly high in its league [...]
Iran’s supreme leader Khamenei slams “evil” Britain and the US June 3, 2016 Iran's Supreme Leader said it would be a mistake to trust "evil" Britain and the United States. Supreme Leader Ayatollah Ali Khamenei, Iran's most powerful figure, is a hardliner. This is in contrast to centrist President Hassan Rouhani, architect of its nuclear deal with six international powers last year. Speaking during a live broadcast on state TV, Khamenei said: [...]
Boeing is selling 100 planes to Iran June 20, 2016 Iran has reached a deal to buy 100 Boeing planes, the head of Iran's Civil Aviation Organisation has told state media. Ali Abedzadeh added the two sides are waiting on approval from the US government. "Of the 250 [passenger] planes in Iran, 230 have to be replaced," Abedzadeh told Mehr News Agency. He added that no timeline [...]
As more and more airlines launch new routes to Iran, this increasingly open country is fast becoming a popular tourist destination September 2, 2016 T he Islamic Republic of Iran is a destination rarely found near the top of travellers’ bucket lists. It is, after all, ruled over by a strict theocracy, one in which police patrol shopping malls to enforce a mandatory dress code, and social media continues to be blocked across the country. Yet in the cities, [...]