RAF jets sent to intercept Russian bombers after they approach UK airspace February 9, 2017 No need to panic but RAF fighter jets have been dispatched to monitor two Russian bombers, which flew near UK airspace. The pair of Tupolev TU-160 Blackjack bombers were in the UK's area of interest, but didn't enter British territorial airspace. So no worries then… RAF Typhoons were dispatched from the Lossiemouth base in Scotland [...]
Russian gold miner Nordgold is delisting from the London Stock Exchange February 9, 2017 Russia's Nordgold today said it will delist from the London Stock Exchange to revamp its valuation. Owned by Russia's richest man, billionaire Alexey Mordashov, the gold miner said it has failed to increase its market capitalisation in line with rallying gold prices. Nordgold said its global depositary receipts (GDRs) were undervalued because of low trading volumes and general lack of liquidity caused [...]
Russia set to miss World Athletics Championships in London after IAAF vote to extend ban from international competition February 6, 2017 Russia are set to be banned from this summer’s World Championships in London after athletics governing body the IAAF voted to extend the country’s suspension from international competition for state-sponsored doping. The IAAF unanimously opted to prolong the ban, which was initially introduced in November 2015, on the Russian Athletics Federation (RUSAF) at a council [...]
Liverpool top the list as English clubs are paid €38m by Uefa for sending players to Euro 2016 February 2, 2017 Football clubs in England were paid €20m more than any other nation by Uefa for releasing players to play in Euro 2016, new figures reveal. English teams received a collective €38.2m (£33m) for providing players to the Euro 2016 qualifiers and tournament in France last year. Liverpool were the most heavily remunerated of all English clubs, [...]
Waterstones has finally turned a profit again after years of losses February 1, 2017 Waterstones has turned an annual profit for the first time since 2009 as book sales picked up in 2016. The figures The bookseller reported a pre-tax profit before exceptional items of £11.9m, which was up from a loss of £3.4m in the previous year. Sales rose 4.3 per cent to £409.1m for the year ended 30 April, up [...]
US oil stocks just grew at their highest rate since October February 1, 2017 US oil stocks have spiked at their highest rate since October and marked off a fourth straight week of rises, according to official figures. Crude inventories rose 6.5m barrels for the week ended Friday, the Energy Information Administration said today, almost double analysts' expectations of an increase of 3.3m barrels. Currently, oil prices are rising – global benchmark [...]
Lord Coe facing fresh questions over corruption allegations January 31, 2017 Lord Coe is facing fresh questions over when he became aware of allegations of corruption within athletics governing body the IAAF after new e-mails showed him referring to the claims four months before they were made public. In December 2015, Coe, who was elected IAAF president four months earlier, advised the Culture, Media and Sport [...]
Deutsche Bank settles New York probe with $425m fine January 31, 2017 Shares in Deutsche Bank rose after it agreed to a $425m (£340m) fine to New York's banking regulator over a trading scheme that moved $10bn out of Russia between 2011 and 2015. The bank's shares rose 2.2 per cent to €19.02 in late morning trading. The "mirror trading" scheme allowed clients to buy stocks in Moscow in [...]
NatWest backtracks on plans to freeze UK account of Russian state broadcaster RT January 30, 2017 NatWest has reversed its decision to freeze the accounts of Russian state broadcaster RT. RT, formerly known as Russia Today, revealed a letter from NatWest announcing the freeze in October, with the broadcaster’s editor-in-chief condemning the move as an attack on freedom of speech. RT said NatWest announced plans to close the UK accounts of the [...]
Putin isn’t dangerous because Russia is strong – but because it’s so weak January 30, 2017 “Some people without brains do an awful lot of talking.” – L Frank Baum, The Wizard of Oz As a child, I remember being fascinated by the populist allegory The Wizard of Oz. My favourite part of the story – sure to cause me to burst out laughing even when I knew what was coming [...]