Heathrow Airport to be penalised if expansion goes over-budget December 1, 2019 Heathrow Airport will be penalised by Britain’s transport watchdog if it fails to build its planned third runway efficiently. The Civil Aviation Authority (CAA) has placed a new clause into the airport’s licence due to concerns the project could go over-budget. Read more: British Airways passengers face huge delays after technical issue The clause is [...]
Boris Johnson backs review of 74 people released early from terror convictions December 1, 2019 Seventy-four people released from prison early after being convicted of terror offences will have their release conditions reviewed. Boris Johnson said the review began on Friday after it was revealed that London Bridge attacker Usman Khan only served half of his 16-year sentence for plotting to blow up the London Stock Exchange. Read more: Jeremy [...]
Jeremy Corbyn calls for closer Nato relationship with Russia December 1, 2019 Jeremy Corbyn has advocated for Nato to de-escalate tensions with Russia, while signalling a Labour government would distance itself from the United States. Corbyn launched Labour’s foreign policy on Sunday afternoon, emphasising that Nato should change its policy direction. Read more: Jeremy Corbyn: Convicted terrorists should ‘not necessarily’ serve full jail terms The Labour leader [...]
Euro 2020 draw explained: Everything you need to know and who each country could face November 28, 2019 This Saturday’s draw for football’s European Championships next summer will differ from those typical of major tournaments for several reasons. Firstly, at least one team has already been drawn into each of the six groups because of governing body Uefa’s desire to equally distribute the 12 tournament hosts. Remaining hosts have either been eliminated or [...]
Russia’s Sberbank moves into driverless cars with joint venture November 28, 2019 Sberbank, Russia’s largest lender, is moving into driverless cars with a new investment in AI transport startup Cognitive Technologies. Read more: Uber partly to blame for driverless car death, says US watchdog The state-owned bank will take a 30 per cent stake in a new company, Cognitive Pilot, while Cognitive Technologies will take a 70 [...]
Revealed: the global league table of pension worry November 27, 2019 Where in the world are investors most concerned about their pension savings? Schroders surveyed over 25,000 investors to find out. Experts often warn of a growing crisis in retirement saving. A study by the World Economic Forum, for example, calculated that the total shortfall in some of the world’s largest pensions markets would grow from $70 [...]
Pump priming: How the shale gas revolution has transformed the US energy industry November 26, 2019 At KD’s Bar-B-Q in Midland, Texas, one can see first hand that the energy boom is still alive and well. Oil service workers, property developers, and financiers stand in a line that snakes out onto the street to order its fabled tri-tip steaks and ribs. In less than a decade, a boom in the country’s [...]
Don’t panic, China is nowhere close to overtaking America November 25, 2019 There has been far too much doom-mongering of late about America’s structural position in the world. While there is no doubt that the US is in relative decline, it is as if the commentariat does not really understand what these words actually mean, focusing only on the “decline” part of the phrase. So for all [...]
Oil price growth stagnates on China trade worries after two-month highs November 23, 2019 Oil prices fell on Friday after previously hitting two-month highs, negating the week’s gains as fears over China-US trade talks were reignited. Brent crude oil futures fell by 1 per cent to end Friday on $63.39 a barrel, despite hitting a high of $64.27 earlier in the day. Read more: Oil industry reacts to Labour’s [...]
Oil industry reacts to Labour’s new £11bn tax pledge November 21, 2019 A controversial Labour pledge to raise up to £11bn from a new levy on oil and gas companies to help retrain 37,000 workers in the industry to “make the transition to a clean economy” has met with fierce criticism from industry bodies. Jeremy Corbyn revealed the tax at the launch of the Labour manifesto in Birmingham earlier [...]