By: Jessica Morris

I write about energy and industrials for City A.M. I'm particularly interested in geopolitics, energy policy and, of course, the ever lively oil markets.

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EU ambassador to China urges it to do more to cut steel output

May 9, 2016

The EU ambassador to China urged it to do more to curb the slew of steel which is flooding global markets and causing widespread pain in the industry. Speaking at a briefing, Hans Dietmar Schweisgut, said its current measures to address overcapacity were "not going quite far enough". "Overcapacity, especially in the steel sector, is one of [...]
Q&A with Marco Taisch chair of the World Manufacturing Forum

May 9, 2016

Representatives from over 500 countries met last week at the World Manufacturing Forum in Barcelona to discuss what's tipped to be the next big thing for the industry. It's the so-called fourth industrial revolution, whereby a string of technologies will combine to drive sweeping changes across the embattled sector. While innovations such as self-driving cars, [...]
Russia and the UK have lowest effective corporate tax rate

May 9, 2016

Both Russia and the UK are two of the major global economies which try to tempt businesses with a favourable tax environment. They offer companies the lowest effective tax rates among the world's best economies, according to a study by accountancy firm UHY Hacker Young. Firms in Russia are obliged to pay business tax at 20 per cent, Bloomberg reported. Meanwhile, companies in [...]
Nationwide becomes latest lender to up its mortgage loan age limit

May 9, 2016

In yet another sign millennials are drawing on the bank of mum and dad (or perhaps, grandma and grandad), Nationwide raised its mortgage borrowing age limit from 75 to 85. It means a 60-year old who is able to afford the repayments can take out a 25-year mortgage, Nationwide said. The loan limit is £150,000 and it can [...]
G4S shares jump as it heralds “positive” start to the year despite economic uncertainty

May 9, 2016

Shares in security company G4S jumped after it shrugged off economic uncertainties to herald a positive start to the year. In a trading update released ahead of a presentation to business leaders today, Ashley Almanza, chief executive of G4S, said revenue in continuing businesses rose to £1.5bn in the three months ended 31 March. This represents a [...]
Tony Hayward’s Genel appoints new chief operating officer

May 9, 2016

Embattled oil producer Genel announced today that it's appointed a new chief operating officer. Paul Schofield joins from Hess where he's held a number of senior roles since joining in 2006. Read more: Genel share price soars despite biggest loss ever His last position was as the most senior Hess representative in the management team for the Carigali Hess operating [...]
Saudi Arabia ousts long-serving oil minister Ali Al Naimi sparking fears volatility will return to the oil market

May 8, 2016

Saudi Arabia’s dismissal of its oil minister yesterday has sparked concerns that fresh volatility is about to hit the market. The kingdom ousted its long-serving oil minister who was the driver behind Opec's 2014 policy of holding production despite plummeting oil prices. Ali al-Naimi, who held the post from 1995, has been replaced by Khalid Al Falih, chairman of [...]
Northern Ireland election draws to a close with the DUP’s Arlene Foster set to stay on as first minister

May 7, 2016

The Northern Ireland Assembly election is drawing to a close, with nearly all of the seats filled. Votes started kicked off at 9am this morning, with Northern Ireland initially having gone to the polls two days ago. The Democratic Unionist Party (DUP) is set to hold onto its crown as the biggest party, with Arlene Foster staying on [...]
Sadiq Khan vows to make London better as he’s sworn in as mayor

May 7, 2016

Sadiq Khan sworn vowed to make London better as he was sworn in as the new mayor of London at Southwark Cathedral. He stormed to victory yesterday with the biggest ever mandate from the electorate, ending eight years of Conservative control at City Hall. "I'm determined to lead the most transparent, engaged and accessible administration London [...]
Obama warns Trump “this is not a reality show”

May 7, 2016

President Barack Obama has warned republican candidate Donald Trump that the top spot in the White House "is not a reality show". Asked about Trump at a media briefing, Obama urged the press and public to weigh past remarks by the outspoken candidate. "This is not a reality show. This is a contest for the presidency of [...]

UK police rap Fifa chief Infantino for Davos joke about British fans’ arrests

Judge awards McLaren F1 team over $12m in Alex Palou trial

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jessica Morris

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