Black gold: As prices stay low, is $50 oil here to stay? August 4, 2015 Is $50 oil here to stay? Oil has dominated the headlines as persistently low prices continue. The halving of the oil price from over $110 a barrel last summer was widely expected to be a short-term blip. But one year on, prices remain depressed. Last week, Brent crude touched a five-year low of [...]
Peaty ends GB’s 40-year wait for world champion August 4, 2015 BRITAIN’S Adam Peaty set his sights on further success in Rio de Janeiro next year after becoming the country’s first 100m breaststroke world champion for 40 years yesterday in Russia. The Staffordshire 20-year-old pipped Olympic gold medallist Cameron van der Burgh by seven hundredths of a second, having trailed the South African for the whole [...]
Brent crude oil drops below $51 per barrel for the first time since January August 3, 2015 The price of Brent crude dipped as much as 3.4 per cent in afternoon trading to $50.43 per barrel, its lowest since the January this year, as the commodities crisis continued to weigh on the market. The news drove the rouble down 1.67 per cent against the dollar, to $0.01593. Russia's economy is heavily dependent [...]
Daley secures second medal August 2, 2015 BRITISH diver Tom Daley secured his first individual World Championship medal in six years after winning bronze in the men’s 10m platform event in Russia yesterday. The 21-year-old’s medal haul, which also included gold in the team event, ensured that Britain ended with a total of four medals – their best finish at a World [...]
Russian central bank cuts interest rate, pushing down rouble July 31, 2015 The Russian central bank has cut its benchmark interest rate again, this time by half a percentage point, to 11 per cent. It's the second time in as many months it's cut its interest rate – and that's after it slashed it by two percentage points in January, one percentage point in March and 1.5 [...]
US mulls oil price war with Middle East: Senate debates lifting ban on exports July 31, 2015 Senators in the US have raised the prospect of an oil price war with the Middle East. The Senate held a crucial meeting on whether the decades-old ban on exporting crude oil should be lifted, with chair of the Senate committee on energy and natural resources, Lisa Murkowski, arguing the US should “compete against our [...]
Heathrow airport expansion is in the UK’s interests: Get on with it July 29, 2015 It has now been a month since the Airports Commission made a clear recommendation to give the green-light to a new runway at Heathrow, following three years of consulting and examining the evidence. I fully back that recommendation. But after years debating the issue, we now need the government to grasp the moment and address [...]
Kazakhstan is a long way off the high rise life in China, but the Silk Road could take it in that direction July 29, 2015 Thousands of years ago on the ancient Silk Road, horses were to Kazakhstan what silk was to China— prime commodity. Chinese traders would traverse the Tian Shan mountains of eastern Kazakhstan, caravans loaded with silk, their most valuable product. In exchange, Kazakh nomads would equip them with Central Asian horses, prized for their strength [...]
Fifa boss Sepp Blatter deserves a Nobel Prize, says Russian President Vladimir Putin July 28, 2015 Sepp Blatter might not be welcome at the FA's headquarters anytime soon, but it seems he can always rely on a friendly face at the Kremlin. Russian President Vladimir Putin has told Swiss TV the Fifa boss, whose organisation is currently engulfed in corruption allegations, deserves a Nobel Prize. It's almost certainly just [...]
Gold price hits five-year low: Is it all over for the precious metal? July 27, 2015 With prices at five-year lows, Annabelle Williams asks whether the precious metal is truly hammered The gold price has been hammered in the last few weeks, leaving the precious metal at the lowest prices for five years. Gold took a nosedive last week when an unknown entity – with considerable power, perhaps a [...]