BP sells Alaskan fields and pipeline to Hilcorp for $5.6bn August 27, 2019 BP sold all its assets in Alaska to Hilcorp for $5.6bn (£4.5bn) today as the oil giant looks to divest $10bn in assets and re-focus on its core business. The deal includes all of BP’s upstream and midstream business in the US state, and its stake in a major pipeline, the company said. Read more: [...]
Boeing 737 Max: First customer lawsuit comes in against plane maker as Russian firm sues August 27, 2019 Boeing is facing its first lawsuit from an aviation industry customer of its Boeing 737 Max, after a Russian firm that ordered 35 planes is said to have sued it for breach of contract. Avia Capital Services, an aircraft leasing company that is a subsidiary of Russian firm Rostec, made an order for 35 Max [...]
Toro Rosso role in question as Red Bull roll dice again with Alex Albon call up ahead of Belgian Grand Prix August 27, 2019 When energy drinks magnate Dietrich Mateschitz acquired the Toro Rosso team in 2005 it was with the purpose of nurturing young drivers, bedding them into Formula One and preparing them for a promotion to Mateschitz’s Red Bull Racing outfit. For the remainder of this season, the intended junior team looks more of a reserve team [...]
Re-admit Russia to the G7? It should be expelled outright August 27, 2019 If reports are to be believed, the recent G7 summit was a tense affair, mainly thanks to Donald Trump. From being the only head of government to miss a meeting on climate change, to pitching his own Miami hotel resort for the next G7 summit, the US President kept the other world leaders constantly on [...]
He might not be best friends with the press, but the Prime Minister is no Putin August 27, 2019 Is Boris Johnson the new Vladimir Putin? That’s what Dorothy Byrne, head of news for Channel 4, suggested at the Edinburgh Festival last week. Byrne said that Boris Johnson was “a known liar”, and accused him of aping not only Donald Trump, but the Russian President in his dealings with the press. A head of [...]
Putin critic Navalny freed from jail August 23, 2019 Russian opposition leader Alexei Navalny has been released from prison, his spokesperson confirmed this morning. Navalny, President Putin’s most prominent critic, had spent 30 days behind bars for violations of the country’s law on protesting. Read more: Theresa May demands Salisbury poisoning suspects face justice ahead of Vladmir Putin talks He was locked up after [...]
Burford executive accused of exchanging documents for sex tape in lawsuit August 22, 2019 A senior executive at Burford Capital has been accused of unlawfully trading “sensitive” documentas for a sex tape in a $91m (£75m) lawsuit in the High Court. The lawsuit marks the latest battle for the troubled litigation funder, which was subject to a short attack by US firm Muddy Waters earlier this month. Daniel Hall, [...]
Nostrum share price takes hit from analyst note August 21, 2019 Nostrum Oil and Gas struggled on the markets today after taking a hit from an analyst downgrade. Shares took a battering, falling by 19 per cent to 28.35p. It came as analysts at Berenberg downgraded the shares from “buy” to “sell”, setting a new target price of 25p from 200p. Read more: BP and Glencore [...]
BP and Glencore struggling to offload contaminated Russian oil August 21, 2019 BP and Glencore are still trying to offload huge reserves of tainted Russian crude oil several months after problems were discovered. The UK-listed giants have around 600,000 tonnes of the oil which they are struggling to sell off, several traders told Reuters. Read more: Opec agrees to extend oil supply cuts by nine months A [...]
Markets drop as US and China enter fierce war of words August 15, 2019 A fierce war of words between China and the US broke out today after Beijing vowed to strike back over the 10 per cent tariffs the Trump administration is set to apply to $300bn of Chinese goods. Read more: Recession warning lights flash red as US and UK ‘yield curves’ invert China’s finance ministry said [...]