Doping at the Olympics: Wada report exposes “serious failings” in drug testing at 2016 Rio Games October 28, 2016 A new report from the World Anti-Doping Agency (Wada) into this summer's Rio Olympics has exposed "serious failings" in the drugs testing process at the games. Those feeling disillusionment towards the Games following revelations of Russia's state-sponsored doping programme or the growing number of athletes being stripped of medals won at the 2008 and 2012 games [...]
ISIS’ oil income is down $1m a day – now they’re trading wheat to grow new revenue streams October 27, 2016 Since the Iraqi army drove out Islamic State forces from the oil-rich towns of Shargat and Qayyarah last month, ISIS has lost its ability to produce oil and profit from crude oil sales on the black market—but ISIS is proving to be highly adaptable, and able to find new markets quickly; this time in agriculture. [...]
Currency markets aren’t prepared for a Donald Trump victory October 27, 2016 We are less than a fortnight away from the culmination of arguably the most divisive US presidential campaign in history and currency markets are currently preparing themselves for another political spasm. Needless to say, in the same way that sterling was used as a pressure point in the run up to the EU referendum and [...]
Oleg Tinkov reveals an interest in the UK, what he thinks about Apple and has some advice for fintech start-ups October 26, 2016 The billionaire businessman behind one Russia’s largest banks has revealed his interest in setting up in the UK. Although listed on the London Stock Exchange, Tinkoff Bank is Russian-focussed and the second largest credit card issuer in the country. It was set up in 2006 by its flamboyant chairman, Oleg Tinkov, and is Russia’s sole [...]
Cut-price Chinese and Russian imports keep steel outlook negative into 2017, according to Moody’s October 26, 2016 Cheap imports from China and Russia will continue to constrain European steel prices over the next year, according to a report from Moody's Investors Service. As well as putting pressure on European prices, imports will also soak up "a fair share of the expected growth in steel demand", Moody's said. This was based on the [...]
Wind in CK Hutchinson’s sails as its network deal approved by Italians October 25, 2016 A merger of CK Hutchison’s 3 Italia and Italian network Wind has been given final approval in Italy, just months after the European Commission stepped on Hutchison’s bid for O2. Wind owner Vimplecom – backed by Russian billionaire Mikhail Fridman – said the nod meant it was on course to complete the deal before the end [...]
US oil dips below $50 on output cut comments made by Russian envoy and dollar rally October 25, 2016 The price of US benchmark West Texas Intermediate (WTI) crude has fallen below the $50 mark this afternoon. A dollar rally and indications that Russia will not implement an oil production cut alongside Opec next month pushed WTI down 1.2 per cent to $49.92, while Brent crude was down 1.5 per cent to $50.70. WTI [...]
London Zoo’s aviary and an iconic City of London church right by Bank station have been added to the at risk buildings register October 21, 2016 An iconic City of London church and London Zoo's aviary are among the buildings added to the "Heritage At Risk" register by Historic England. The organisation said settlement in the tower of the Church of St Mary Woolnoth, right next to the Lombard Street exit of Bank Station, has caused cracks, while parts of the [...]
In defence of the global citizen: Bashing the cosmopolitan way of life is the stuff of the seventies October 20, 2016 If you believe you are a citizen of the world, you are a citizen of nowhere,” recently declared our Prime Minister. I believe that this statement is both parochial and narrow-minded, as if spoken by someone who has only ever lived in one country, spoken one language and does not know better. I grew up [...]
With less than three weeks until voters go to the polls, is Donald Trump now too far behind to win? October 20, 2016 Ed Bowsher, deputy editor at Share Radio, says Yes. I said back in January that Hillary Clinton would beat Donald Trump and I haven’t changed my mind. Trump’s comments on women have been very damaging and his victory next month is extremely unlikely. Clinton’s average poll lead over Trump is now 7 per cent, according to [...]