Novichok culprit charged in Skripal poisoning case named as Russian colonel September 26, 2018 One of the two suspects in the case regarding the poisoning of former Russian spy Sergei Skripal and his daughter in Salisbury in March has been revealed as a Russian colonel, according to reports. Ruslan Boshirov, who was charged alongside Alexander Petrov with the attempted murder of the Skripal pair by British police, was named [...]
Theresa May and Jeremy Corbyn set out competing economic visions in major speeches September 26, 2018 Theresa May and Jeremy Corbyn set out competing visions of Britain's future on Wednesday with two radically different speeches on the economy. Addressing the Bloomberg Global Business Forum in New York, May praised free markets and vowed to slash the UK's corporation tax to the lowest rate in the G20 after Brexit. As the PM addressed [...]
Oil price rally cools but war of words intensifies as Iran and Trump exchange jibes September 26, 2018 The oil price rally has cooled off after the US said it would ensure the market was well supplied before imposing sanctions on Iran and Donald Trump continued his attacks on Opec. Brent Crude Oil dropped to $81.62 per barrel on Wednesday from a four-year high of $82.55 the previous day – WTI Crude [...]
Roman Abramovich accused of money laundering and crime links by Swiss police September 25, 2018 Chelsea football club owner Roman Abramovich has been forced to deny an explosive allegation that he was known for “suspicion of money laundering and presumed contacts with criminal organisations”. The billionaire Russian, who was unable to obtain a UK visa, lost a seven-month battle against a Swiss newspaper publisher to stop the allegations, reportedly made [...]
EU to set up special payment channel to bypass Trump’s sanctions on Iran September 25, 2018 The European Union will establish a special payment channel to allow companies to continue to trade with Iran and avoid US sanctions. The 'special purpose vehicle' (SPV) to facilitate payments related to Iran's exports, notably oil, and imports was unveiled following a ministerial meeting at the UN in New York. Britain, China, France, Germany, [...]
Theresa May says she trusts President Donald Trump despite Iran sanctions September 24, 2018 Prime Minister Theresa May has stood by the UK's special relationship with the US despite Donald Trump's decision to take his country out of the Iran nuclear deal, insisting she continues to have trust in the President. "Of course I listen to what the American president tells me," May replied when asked if she trusts Trump [...]
German watchdog calls for Deutsche Bank to crack down on money laundering September 24, 2018 Germany’s financial regulator, BaFin, has called on sector giant Deutsche Bank (DB) to take action against money laundering and terrorist financing, appointing a special auditor to monitor its progress. In a statement, BaFin called on the bank to adopt “appropriate internal safeguards” and “comply with general due diligence obligations”. It said it had appointed a [...]
Oil prices hit four-year high after Opec defy Trump’s calls for production boost September 24, 2018 Oil prices have hit a four-year high after Opec ruled out a production increase and analysts predicted it would continue to rise towards $100 per barrel. Brent Crude Oil reached $81.17 per barrel, up more than 2 per cent, on Monday – its highest since 2014 – after Saudi Arabia and Russia led the way [...]
Moneyland review: How the world’s ultra-rich get away with it September 23, 2018 What do Japanese surrogate babies, luxurious London condos and the tiny Caribbean island of St Kitts have in common? For Oliver Bullough, they’re all part of the terrifying and vertigo-inducing ways the world’s ultra-rich – the denizens of what he dubs ‘Moneyland’ – protect themselves and their money. In Moneyland: Why Thieves and Crooks Now [...]
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 [...]