The US embassy in London appears to be contradicting Boris Johnson on Donald Trump’s travel ban January 30, 2017 The US embassy in London appeared to directly contradict a statement by the foreign secretary this morning, by issuing a notice people who have dual nationalities with countries on Donald Trump's banned travel list not to apply for a US visa. In a statement posted on the embassy's website this morning, it advised: "If you are [...]
Oil prices edge up ahead of Opec meeting November 30, 2016 It's all getting very nervy ahead of a meeting of the Organisation of the Petroleum Exporting Countries' (Opec) later today. Members of the producer cartel will try to seal a deal on an output cut to clamp down on oversupply after oil prices have more than halved since 2014. And oil markets reflected the edginess – they inched [...]
Jeremy Corbyn can’t rewrite his reprehensible IRA history May 31, 2017 This election campaign should have been a non-stop humiliation for the Labour party. Instead, we have witnessed an uncertain Theresa May make a mess of her campaign, whileJeremy Corbyn has proven to be a cannier politician than expected. There is so much mud to throw at him that he should have drowned in it long [...]
Oil’s in for a bruising after Saudi Arabia threatens to amp up output November 4, 2016 Reports that Saudi Arabia threatened to sharply raise oil output at an Opec meeting have caused oil to plunge, testing $44.19 (the late September low). Clashes between Saudi Arabia and rival Iran have caused yet more headaches for Opec. Sources told Reuters that at a meeting of Opec experts last week, Riyadh threatened to raise oil [...]
Theresa May distances herself from Trump’s immigration stance January 29, 2017 Prime Minister Theresa May has said Britain does not agree with harsh new immigration measures imposed by the US just a day after being pictured hand in hand with Donald Trump at a meeting between the leaders to discuss the "special relationship". A ban on travellers was imposed on Friday by executive order against those [...]
Nigeria expects oil output freeze deal at Doha meeting in April even without Iran March 23, 2016 Opec member Nigeria has said it expects oil producers to reach an output freeze deal at a meeting in Doha next month. "I expect that we will reach a conclusion on stabilisation, stabilise current production as of January," Emmanuel Ibe Kachikwu told Reuters in an interview in Abuja. Qatar has invited Opec and major non-Opec producers [...]
Deutsche Bank agrees $7.2bn settlement with US Department of Justice over mortgage-backed securities January 17, 2017 Deutsche Bank has agreed to pay the US Department of Justice $7.2bn (£6bn) over misleading investors with sales of mortgage-backed securities in the run-up to the financial crisis. The bank agreed the settlement amount in principle in December, but it was only finalised today. Deutsche Bank will pay a civil penalty of $3.1bn and provide $4.1bn [...]
President Donald Trump calls block on his travel ban “ridiculous” and says it will be overturned February 4, 2017 President Donald Trump has called the decision blocking his travel ban "ridiculous", saying it "will be overturned". It comes after Seattle judge James Robart ruled that Trump's travel ban – barring citizens from seven Muslim majority countries – was unconstitutional. In a statement, the White House had said the order was "lawful and appropriate" and it [...]
Airlines are now allowing passengers affected by Donald Trump’s travel ban to board flights February 4, 2017 The nationals of seven Muslim majority countries targeted by President Trump's US travel ban are currently being allowed to board flights to America by some airlines. It comes after Seattle judge James Robart ruled that Trump's travel ban was unconstitutional. In a statement, the White House said the order was "lawful and appropriate" and it [...]
Opponents to President Donald Trump’s travel ban have a reason to celebrate February 9, 2017 US President Donald Trump has been dealt a fresh blow, as the court-ordered suspension of his controversial executive order to ban passport-holders from seven majority-Muslim countries entering the US has been upheld. Following the ruling, Trump tweeted: “See you in court, the security of our nation is at stake.” A US federal appeals court has just unanimously upheld a [...]