Brave sub-zero temperatures to discover Moscow’s hidden cultural treasures February 24, 2017 Russia’s sprawling capital teems with magnificent onion-domed churches, candy-coloured Baroque buildings and compelling, clean-lined, Stalin-era skyscrapers. Pretty parks such as the vast, green Gorky Park dot the city, and at its heart is the imposing plaza of Red Square. This is home to the showpiece cathedral of St Basil, Lenin’s mausoleum and the state-owned department [...]
Editor’s Notes: Snapchat woos London investors, Venezuela’s vice president reaches a new low and Channel 4’s Jon Snow needs to get a grip February 24, 2017 Are you a Snapchatter? Do you even know what I’m talking about? Snapchat is a social media app that allows users to send images and videos to each other, often augmented by the addition of creative filters or effects. It’s also increasingly used as a platform for viewing and sharing news content. You may not [...]
PSA nearly doubles profits as it announces first dividend in six years ahead of Opel takeover February 23, 2017 As PSA's proposed takeover of General Motors' European business looms, the French maker of Peugeot and Citroen announced net profit nearly doubled last year. Read more: Unite plans to meet PSA on Friday for clarity over growing job concerns The figures The company posted better-than-expected full-year results and also announced it will pay shareholders the [...]
Glencore boss says the firm “has never been so well positioned as it is today” after strong 2016 results February 23, 2017 Miner and commodities trader Glencore said it has never been better positioned financially as core earnings increased 18 per cent and commodity prices rebound. The figures The Anglo-Swiss miner said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were up 18 per cent at $10.27bn (£8.24bn), while EBIT increased 81 per cent to $3.93bn – 14 [...]
O2 to sponsor London arena for 10 more years after success of enticing more customers to stay February 23, 2017 O2 hailed its partnership with what was once seen as the UK’s largest white elephant, saying it has been key to halving the number of people leaving the mobile network over the last 10 years. The mobile network firm, owned by Spanish telecoms giant Telefonica, initiated the sponsorship in 2007 of what was then called the Millennium [...]
Oil prices are climbing as Opec claims it will deliver further output cuts February 21, 2017 Oil prices have climbed today as Mohammad Barkindo, secretary general of the Organisation of the Petroleum Exporting Countries (Opec), said the group and non-members including Russia will boost compliance with agreed oil production curbs. Benchmark Brent crude prices are trading 1.73 per cent higher, or $0.97, at $57.15 per barrel. West Texas Intermediate prices are up [...]
Russian mining giant Rosneft agrees to a deal with the NOC to increase Libyan oil production February 21, 2017 Russia's top oil producer Rosneft has struck up an oil exploration deal with the National Oil Corporation (NOC) of Libya. The NOC is working to encourage more foreign investment and ramp up Libyan output, the NOC said in a statement. “We need the assistance and investment of major international oil companies to reach our production goals and [...]
Former BP Russia boss lined up for top nuclear decommissioning role February 19, 2017 David Peattie, the former boss at BP’s Russian operations, is the front runner to take over at the Nuclear Decommissioning Authority (NDA), according to reports in the Sunday Times. Tasked with managing Cumbria’s Sellafield estate, the NDA is a state-owned body that receives £3bn a year in public money, which amounts to 25 per cent [...]
Glencore’s copper output to suffer due to African production troubles February 19, 2017 Mining giant Glencore is expected to announce adjusted earnings before interest, tax, depreciation and amortisation (ebitda) of $3.07bn (£2.47bn) for 2016 on Thursday when it reveals its full-year results. In a production report released earlier this month, the FTSE 100 company said it expected ebitda for 2017 to stand at $14bn. According to forecasts by [...]
American commitment to Nato is “unwavering” says US vice president Mike Pence February 18, 2017 American vice president Mike Pence has told world leaders the US would remain committed to Nato, after President Donald Trump questioned the worth of the military alliance. Pence offered “unwavering” commitment to Nato and said the US “is now and will always be your greatest ally” to delegates including German chancellor Angela Merkel at a security [...]