Golf Comment: All eyes on Mickelson’s bid for three triumphs in a row July 29, 2013 OPEN champion Phil Mickelson looks set to be the centre of attention once again this week when he returns to action at the WGC Bridgestone Invitational. The new world No2 is in red-hot form and aiming for a third consecutive victory, having also claimed the Scottish Open just days before his Muirfield triumph earlier this [...]
US spy fugitive Snowden may have been granted temporary asylum in Russia July 24, 2013 State-owned Russian news agency RIA Novosti has reported that former NSA contractor and US fugitive Edward Snowden has been given an official pass to leave Moscow’s Sheremetyevo airport. Snowden has been living in the transit zone since arriving from Hong Kong on 23 June 2013. He has requested asylum in a number of countries and [...]
Strauss-Kahn joins Russian bank July 17, 2013 Dominique Strauss-Kahn, the former head of the International Monetary Fund, has joined the supervisory board of a bank owned by Russian state oil major Rosneft. He will take a seat on the supervisory board of Russian Regional Development Bank, according to a regulatory filing by the bank.
Russian revenues boost ITE July 16, 2013 Corporate event manager ITE Group said yesterday that its third quarter revenue rose 25 per cent, helped by contributions from the biennial Moscow International Oil & Gas exhibition and revenue from the acquisition of an event organiser in Malaysia. The British company, which organises around 200 trade exhibitions and conferences each year in 14 countries, [...]
Shale gas has given Britain a lifeline if we can take on the vested interests July 5, 2013 WITH the recent suggestion by the electricity network that factories and businesses could be asked to ration power use to prevent blackouts, the announcement of UK shale gas reserves that – if recoverable – would be the largest in the world comes in the nick of time. We must take on the unholy alliance of [...]
Lord Browne to advise $20bn oil and gas fund June 18, 2013 LORD Browne, the former boss of oil giant BP, has joined forces with Russia’s Alfa Group to advise the company on a new $20bn (£12.7bn) global oil and gas fund. The fund, known as the L1 Energy Fund, will be seeded with the proceeds of Alfa’s sale of its stake of TNK-BP, which netted it [...]
Russian and Kazakh firms set for relegation from FTSE 100 | City A.M. June 10, 2013 ALL THE Russian and Kazakhstan-based firms listed on the London Stock Exchange are expected to leave the top FTSE 100 index in the coming months in a stunning reversal from the tide of eastern giants entering the blue chip London market in recent years. Mining firms Polymetal and Evraz are widely expected to fall out [...]
Europe’s political elites betray the middle class March 22, 2013 ABOVE all, don’t lie, especially when it comes to people’s savings. That was a rule European politicians used to understand, especially in a continent where dispossessed middle classes have repeatedly turned to fascists when their savings were wiped out. Today, however, the political class and its corporatist allies have forgotten this golden rule – just [...]
World’s richest added to their wealth in 2012 March 7, 2013 MEXICAN telecoms tycoon Carlos Slim Helu has consolidated his position as the world’s richest man, adding $4bn (£2.65bn) to his family’s fortune in the last year, according to the latest Forbes list of billionaires. Slim, whose wealth has grown through his various mobile phone, financial and industrial companies, is now $6bn richer than the second [...]
Drop in migration is bad for Britain’s economic growth March 2, 2013 WEDNESDAY’S GDP figures confirmed that the UK economy shrank in the last quarter of 2012 – in large part because of the weakness of exports. So the government’s strategy of generating growth by rebalancing the economy towards investment (which is also weak) and exports is far from on track. But the government is at least [...]