Total makes major UK offshore gas discovery September 24, 2018 Oil and energy giant Total has announced a major gas discovery off the coast of the Shetland Islands in the North Sea. The French multinational company said it made the discovery on its Glendronach prospect – drilling a well to a depth of 4,312 metres and encountering a gas column in a reservoir. Read [...]
China will ‘open up’ for business elsewhere as Trump’s tariffs set to begin September 23, 2018 China will “open up” for business by cutting import and export cost for foreign firms, its premier said as trade talks with the US stalled ahead of fresh tariffs. Further tariffs on $200bn (£153m) worth of Chinese products will be imposed by the US on Monday and talks between the two nations set for next week [...]
Company behind £1.3bn tidal lagoon scheme strikes debt deal September 23, 2018 THE firm behind a £1.3bn tidal lagoon project has agreed a company voluntary agreement (CVA) to resurrect the project and pay off its debts. The Swansea Bay Tidal Lagoon project was rejected by the UK government in June after ministers refused to pay the subsidy needed to build the world's first tidal power lagoon. Tidal [...]
AstraZeneca boss brands £9m pay packet “annoying” when compared to peers September 23, 2018 The chief executive of pharmaceutical giant AstraZeneca said he finds it “annoying” he is not paid as much as his peers. Pascal Soriot, who was paid £9.4m in 2017 down from the £14.3m he received the previous year, said he was annoyed at not being paid less than other chief executives, he told the Sunday [...]
PPI scandal turning ‘portions of Britain into fraudsters’, Barclays boss claims September 23, 2018 The PPI scandal has turned “portions of Britain” into fraudsters, Barclays chairman John McFarlane has claimed. McFarlane, said it was “inconceivable” that all the payment protection insurance mis-selling claims that had helped fuel a “flat-screen television” buying spree were genuine. He also accused the government of being complicit in the weakening of the banks by [...]
Saudi Arabia and Russia defy Trump’s calls for oil production boost September 23, 2018 Saudi Arabia and Russia have defied Donald Trump's calls for an immediate production boost to reduce oil prices. The Organization of the Petroleum Exporting Countries (Opec) and non-Opec oil producers met on Sunday to discuss oil production quotas in the wake of US sanctions on Iran. Opec's leader Saudi Arabia has moved to calm fears [...]
MPs demand answers from Cashplus after IT failures leaves customers locked out of accounts September 20, 2018 The Treasury Committee has demanded answers from fintech firm Cashplus after outages left customers unable to make payments or withdraw cash. Customers had complained of being locked out of their accounts since the beginning of the week and unable to make or receive payments. Nicky Morgan, chair of the Treasury Committee, has now written to [...]
MPs demand answers from Cashplus after IT failures leaves customers locked out of accounts September 20, 2018 The Treasury Committee has demanded answers from fintech firm Cashplus after outages left customers unable to make payments or withdraw cash. Customers had complained of being locked out of their accounts since the beginning of the week and unable to make or receive payments. Nicky Morgan, chair of the Treasury Committee, has now written to [...]
Trump slams Opec, urging oil cartel to ‘get prices down now’ September 20, 2018 Donald Trump has slammed the Opec and urged the cartel to “get prices down”, citing the protection the US provides for countries in the Middle East. Trump has urged Saudi Arabia to increase oil production in recent months to combat higher oil prices brought about by his own sanctions on Iran. He has also previously [...]
Trump slams Opec, urging oil cartel to ‘get prices down now’ September 20, 2018 Donald Trump has slammed the Opec and urged the cartel to “get prices down”, citing the protection the US provides for countries in the Middle East. Trump has urged Saudi Arabia to increase oil production in recent months to combat higher oil prices brought about by his own sanctions on Iran. He has also previously [...]
