Russian embassy not happy with MPs’ new defence group April 23, 2018 The Russian Embassy in the UK has hit out at a move by high-profile backbencher Tom Tugendhat to set up a new group to discuss defence in Parliament, describing it as “purely unconstructive”. The Russian Coordination Group, announced last week, will be chaired by Foreign Affairs Committee head Tugendhat, Tory colleague Nicky Morgan, who heads [...]
Brent crude oil price climbs to fresh December 2014 high of over $74 a barrel April 19, 2018 Oil prices surged to top $74 (£52) a barrel today, the highest price recorded since the end of 2014, on a bullish view from top exporter Saudi Arabia. After charging ahead more than three per cent yesterday, Brent crude oil, the global benchmark, rose as high as $74.74 this afternoon. At the time of writing, [...]
Aluminium price and nickel price continue to surge on Russia sanction fears April 19, 2018 Metals markets have rallied today as pressure from US sanctions on Russia and rising oil prices boost commodities to multi-year highs. Aluminium giant Rusal continues to feel the heat from sanctions issued earlier this month to target Russian oligarchs and the companies they control. The metal rose to highs not seen since 2011 today while [...]
Aluminium price climbs to near seven-year high on fears over Rusal supplies April 17, 2018 Aluminium rose to nearly a seven-year high this morning as the fallout of US sanctions against Russia’s Rusal continue to fuel fears of tightening supply. Benchmark aluminium on the London Metal Exchange (LME) climbed to a high of $2,435 a tonne, a more than two per cent rise and its highest price since September 2011. [...]
GBPUSD: Sterling reaches new post-Brexit-vote high against US dollar as traders wait for key wages data April 17, 2018 The pound rose to another post-Brexit-vote high this morning against the dollar as US President Donald Trump talked down the greenback and traders anticipated wage data to confirm a course for a rate hike next month. Sterling traded at highs of 1.4373 this morning, its highest point since 23 June 2016 when the vote to [...]
Russian rouble (RUB) and stocks (Moex and RTS) down with US poised to reveal fresh sanctions April 16, 2018 The rouble and Russian shares have retreated today on the threat of fresh US sanctions. Sanctions targeting some of Russia’s most prominent tycoons dragged Russia’s currency down and battered some of its top companies last week. Yesterday, the US ambassador to the UN, Nikki Haley, warned a wave of new sanctions were on the way [...]
Johnson: UK must take “every possible precaution” to defend itself from revenge Russia attacks following Syria strikes April 15, 2018 Cabinet minister Boris Johnson on Sunday stated that the UK should take “every possible precaution” to defend itself from the prospect of Russian retaliation following Friday’s air strikes on Syria. The foreign secretary made the comments to the BBC’s Andrew Marr show on Sunday after reports suggested that Russia could launch cyber attacks on infrastructure [...]
Jeremy Corbyn urges Theresa May to take in more refugees after Syria strike April 14, 2018 Jeremy Corbyn has written to Prime Minister Theresa May, claiming that last night’s air strikes on Syria were “legally questionable” and urging her to commit to taking more refugees. It follows his initial reaction to the bombing, when he was joined by Vince Cable and Nicola Sturgeon in questioning the Prime Minister’s decision to move [...]
International community responds to Syria strikes: Russia calls for UN meeting while Syria vows to fight on April 14, 2018 The UNited Nations security council will meet at 11am New York time today (3pm UK time) at Russia’s request. Following air strikes on Syrian government targets last night, Vladimir Putin said in a statement earlier today that Russia would convene an emergency meeting to discuss the action. He called the actions taken by the US, [...]
Jeremy Corbyn, Vince Cable slam Theresa May for not consulting parliament on Syria strikes April 14, 2018 Prime Minister Theresa May is facing criticism for joining with American and French allies to launch air strikes in Syria without a parliamentary vote. “Theresa May should have sought parliamentary approval, not trailed after Donald Trump,” said Labour leader Jeremy Corbyn. “The Government should do whatever possible to push Russia and the United States to [...]