FTSE 100 bounces back as Trump declares end to oil price war April 2, 2020 The FTSE 100 looked set to end the day on a high as US President Donald Trump said Saudi Arabia and Russia had ended their oil price war. Energy stocks jumped to propel the London index back into the green after a tumultous day for global stocks. Staggering data showed 6.6m US jobless claims occurred [...]
Oil prices soar as Donald Trump reveals Saudi-Russia deal April 2, 2020 Oil prices soared this afternoon as US president Donald Trump said that Saudi Arabia and Russia had agreed a deal to end their price war and curb production. Brent Crude shot up nearly 22 per cent within half an hour of the president’s revelation, which was made over Twitter. The benchmark is now trading at [...]
Oil prices jump as Donald Trump hints at imminent Russia-Saudi Arabia deal April 2, 2020 Global oil prices climbed off the floor of 18-year lows this morning after US president Donald Trump said he expected Saudi Arabia and Russia to reach an agreement soon to put an end to their price war. The combination of a production war and a slump in global demand due to widespread lockdowns caused by [...]
Beware the corona crisis power grabs April 1, 2020 IN THE midst of the financial crisis of 2008, Rahm Emanuel, soon-to-be chief of staff for US President-Elect Barack Obama, famously announced that “You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.” Emanuel was [...]
As governments respond, beware Covid-19 power grabs April 1, 2020 In the midst of the financial crisis of 2008, Rahm Emanuel, soon-to-be chief of staff for US President-Elect Barack Obama, famously announced that “You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.” Emanuel was [...]
Shell takes $800m hit on oil price collapse March 31, 2020 Oil giant Shell will write down up to $800m (£648.8m) in impairment charges in the first quarter of 2020 due to the global collapse in oil prices, the Anglo-Dutch firm warned today. The combination of plummeting demand for fuel due to the coronavirus pandemic and a production war between Saudi Arabia and Russia has sent [...]
Oil prices tumble as coronavirus recession looms March 27, 2020 Oil prices have tumbled as coronavirus containment measures dent demand and the virus spreads rapidly in the US, the world’s biggest economy. Brent crude was down four per cent this afternoon at $27.50 per barrel. US crude was five per cent lower at $21.47 per barrel. Prices were on track for their fifth weekly drop [...]
Royal Navy shadowing Russian warships in the Channel and North Sea March 26, 2020 The Royal Navy has been tracking seven Russian warships after detecting “unusually high levels” of activity in the Channel and North Sea. “The Navy has completed a concentrated operation to shadow the Russian warships after unusually high levels of activity in the English Channel and North Sea,” the Royal Navy said. Nine UK warships were [...]
Courts scramble to move online as coronavirus hits trials March 19, 2020 Courts in England and Wales have begun a painstaking move away from physical appearances towards online and telephone hearings as the coronavirus epidemic intensifies. Today, the head of the judiciary, the Lord Chief Justice said: “The default position now in all jurisdictions must be that hearings should be conducted with one, more than one or [...]
Barristers push for suspension of jury trials during coronavirus outbreak March 18, 2020 Barristers have continued to push the government to suspend jury trials amid risks to the health of court users and jurors during the coronavirus outbreak. Late last night the head of the judiciary said that all jury trials longer than three days would be suspended. The Lord Chancellor Robert Buckland today reinforced last night’s decision, [...]