US insurance sector could take $20bn in losses from Hurricane Florence September 13, 2018 Hurricane Florence could cost the insurance industry more than $20bn (£15.33bn) as millions of people and businesses begin evacuating from the east coast of the US. The storm could hit North and South Carolina later today and cause devastation along the coastline. Catastrophe risk modelling company, Risk Management Solutions, said the category 4 storm could cause [...]
US insurance sector could take $20bn in losses from Hurricane Florence September 13, 2018 Hurricane Florence could cost the insurance industry more than $20bn (£15.33bn) as millions of people and businesses begin evacuating from the east coast of the US. The storm could hit North and South Carolina later today and cause devastation along the coastline. Catastrophe risk modelling company, Risk Management Solutions, said the category 4 storm could cause [...]
Oil prices break $80 per barrel mark as Hurricane Florence helps create the perfect storm September 12, 2018 Oil prices have risen above $80 per barrel for the first time since July as US crude inventories dropping, impending sanctions against Iran, and Hurricane Florence created a perfect storm. The price of Brent Crude oil rose to $80 per barrel, its highest since the middle of July and close to a three-year high. The [...]
Oil prices break $80 per barrel mark as Hurricane Florence helps create the perfect storm September 12, 2018 Oil prices have risen above $80 per barrel for the first time since July as US crude inventories dropping, impending sanctions against Iran, and Hurricane Florence created a perfect storm. The price of Brent Crude oil rose to $80 per barrel, its highest since the middle of July and close to a three-year high. The [...]
Erdogan appoints himself chairman of Turkey’s sovereign wealth fund September 12, 2018 Turkish president Recep Tayyip Erdogan has appointed himself chairman of country's multi-billion-dollar sovereign wealth fund as he extends his powers of executive presidency. In a major overhaul, President Erdogan has also named finance minister Berat Albayrak – his son-in-law – as his deputy, after criticised the Turkey Wealth Fund last year. It comes after he [...]
Erdogan appoints himself chairman of Turkey’s sovereign wealth fund September 12, 2018 Turkish president Recep Tayyip Erdogan has appointed himself chairman of country's multi-billion-dollar sovereign wealth fund as he extends his powers of executive presidency. In a major overhaul, President Erdogan has also named finance minister Berat Albayrak – his son-in-law – as his deputy, after criticised the Turkey Wealth Fund last year. It comes after he [...]
Five-a-side football firm Goals posts loss after snow and rescheduling hits sales September 12, 2018 Five-a-side football operator Goals Soccer Centres has recovered from bad weather and a slump during the World Cup to return to growth. The company, which operates 49 sites including three in the US, said it swung to a £1.1m loss in the first half of the year – compared with a £2.6m profit the previous [...]
Five-a-side football firm Goals posts loss after snow and rescheduling hits sales September 12, 2018 Five-a-side football operator Goals Soccer Centres has recovered from bad weather and a slump during the World Cup to return to growth. The company, which operates 49 sites including three in the US, said it swung to a £1.1m loss in the first half of the year – compared with a £2.6m profit the previous [...]
EU lawmakers trigger sanctions procedure against Hungary for undermining the bloc’s values September 12, 2018 EU lawmakers have voted in favour of action against Hungary for eroding democracy undermining the European Union's values. The European Parliament backed a motion that could lead to sanctions against the country after growing concerns over the state of its democracy and rule of law. A report by Dutch MEP Judith Sargentini found Hungarian Prime [...]
Former UBS trader Kweku Adoboli moved to ‘high security’ facility as close to 100 MPs urge Home Office to reconsider deportation September 12, 2018 Former UBS rogue trader Kweku Adoboli is being moved to a 'high security' facility ahead of deportation as close to 100 MPs call for the Home Office to reconsider. The 38-year-old has now been detained for 10 days amid growing public outrage over his impending deportation to his birth country, Ghana. He was convicted on two [...]
