Turmoil: Oil price rebounds slightly from 11 year lows recorded earlier in the day December 21, 2015 The price of oil has recovered somewhat from its 11 year lows earlier on today, continuing the sell off that was sparked by oil cartel Opec’s decision not to curb production earlier this month. Early this morning the price of Brent crude hit $36.05 before bouncing back to around $36.35. In the US, the price [...]
Countdown to Christmas: Ways the world changed in 2015, from the refugee crisis and climate change deal to time travel and New Horizons trip to Pluto December 21, 2015 It’s been a tumultuous year, that’s for sure. From the Charlie Hebdo attacks that shocked Paris and the world in January to the historic climate change deal signed not two weeks ago, the world is many ways a different place today than it was a year ago. Although there are still some weeks to go [...]
Chelsea: Guus Hiddink flies to London but still undecided on replacing Jose Mourinho December 18, 2015 The favourite to replace Jose Mourinho as Chelsea manager has said he needs more information before committing to the club. Guus Hiddink, who successfully managed Chelsea on an interim basis in 2009, has been pictured at Heathrow airport after flying into London for negotiations with Blues owner Roman Abramovich. The Russian billionaire dispensed of Mourinho [...]
Ukraine won’t repay $3bn payment due to Russia this weekend December 18, 2015 Ukrainian president Arseniy Yatsenyuk has announced a "moratorium" on the payment of a $3bn (£2bn) bond due to Russia this weekend, effectively defaulting on the payment. In a televised appearance, Yatsenyuk said the two sides had failed to reach an agreement over restructuring its debt. On Twitter, he added: "From now on payments of debts [...]
Why Roman Abramovich and Chelsea will not be able to spend their way out of trouble December 17, 2015 There was a period when Chelsea had an obvious solution to the kind of loss in form which has so blighted them this season – Roman Abramovich's cheque book. Not so anymore. Chelsea will not be able to simply spend their way to salvation following a catastrophic start to the season which sees them teetering [...]
Oil price stable following Fed interest rate hike December 16, 2015 The price of oil was stable following the expected US Federal Reserve decision to raise interest rates by 0.25 percentage points. Fed chair Janet Yellen said: “I have been surprised by the further downward movement in oil prices. Oil prices need to stabilise for inflation to move up.” The oil price has been falling since Saudi [...]
Astronaut Tim Peake sends us a message from the International Space Station December 16, 2015 Major Tim Peake has sent a message down to Earth during his first full day at the International Space Station. The astronaut – the only one ever chosen by the European Space Agency (ESA) to go to space, took off from the Baikonur cosmodrome in Kazakhstan at just after 11am yesterday. He then spent six [...]
Hold onto your hat: It’s Saxo Bank’s outrageous predictions for 2016 including the oil price, the US presidential campaign, euros vs dollars, Brazil, Russia and the end of the luxury sector December 16, 2015 Bored by predictions for 2016 that tentatively forecast interest rate rises and a slight dampening of the property market? Want something that will really make you prepare for the worst (or best) case scenarios out there? Well hold onto your hat, because it's Saxo Bank's annual outrageous predictions for the year ahead, and they are just [...]
Turmoil: Analysts cut oil forecast as glut woes intensify December 15, 2015 Citi analysts are the latest to lower their expectations for the short term future of the oil price, predicting a “very weak first quarter”. The supply glut is now widely expected to run on well into 2016 due to Opec reiterating its dedication to unrestricted pumping, Iran charging into the market once sanctions are lifted [...]
British astronaut Tim Peake has blasted off into space: Here’s what you should know about the ISS mission December 15, 2015 British astronaut Tim Peake is currently heading skyward aboard a Russian Soyuz rocket, heading beyond the Earth's atmosphere to the International Space Station (ISS). Just after 11am today, Peake took off from the Baikonur Cosmodrome launch pad in Kazakhstan. You can watch his mission live here: Once he reaches his destination, he'll spend the next six months carrying out [...]