Five boats believed to belong to Iranian Revolutionary Guards approached a British oil tanker in the Gulf on Wednesday and asked it to stop in Iranian waters close by, but withdrew after a British warship warned them, U.S. officials said. Britain’s Ministry of Defence had no immediate comment. The incident occurred almost a week after […] Read more
British companies are more worried about Brexit than at any time since the 2016 referendum decision to leave the European Union and they plan to reduce investment and hiring, a survey of chief financial officers showed on Monday. The survey conducted by Deloitte, a financial advisory firm, found that 83% of the CFOs believed that […] Read more
France’s central bank governor told CNBC Saturday that monetary policy cannot compensate for trade tensions, and political leaders need to act in order to fend off today’s economic threats. Speaking to CNBC’s Annette Weisbach at an economic conference in Aix-en-Provence in southern France, François Villeroy de Galhau underlined that the main threat to global growth […] Read more
President Vladimir Putin said Russia is ready to restart discussions with the U.S. over arms control and denied that the collapse of a significant nuclear missile treaty between the two nations would prompt an arms race. Putin said Thursday there had “recently been signs that Washington is beginning to consider resuming bilateral dialogue on a […] Read more
Russian Energy Minister Alexander Novak said non-OPEC producers had agreed to a nine-month rollover of supply cuts, according to multiple media reports Tuesday, ratifying a policy designed to prop up oil prices amid a weakening global economy. It comes less than 24 hours after energy ministers from the world’s most powerful oil-producing nations thrashed out […] Read more
A deal is now subject to approval from non-OPEC allies at a meeting on Tuesday, with Iraq’s oil minister saying he did not anticipate any complications. Iranian Oil Minister Bijan Zanganeh told reporters he had “no problem” with supporting oil supply cuts by nine months. OPEC is set to debate an extension of oil production […] Read more
President Donald Trump told Russian President Vladimir Putin on Friday not to meddle in the U.S. elections, appearing to make light of a scandal that had led to a two-year investigation into his campaign’s contact with the Kremlin during the 2016 elections. Asked by a reporter whether he would raise the issue during a bilateral […] Read more
Robots could take over 20 million manufacturing jobs around the world by 2030, economists claimed Wednesday. According to a new study from Oxford Economics, within the next 11 years there could be 14 million robots put to work in China alone. Economists analyzed long-term trends around the uptake of automation in the workplace, noting that […] Read more
Moscow has said it will take “countervailing military measures” should NATO fulfil any threat related to Russia’s nuclear-ready cruise missile system. NATO Secretary-General Jens Stoltenberg said Tuesday that Russia must dismantle the short-range system, or the alliance will be forced to respond, adding that NATO-member defense ministers would now look at next steps “in the […] Read more
U.S. President Donald Trump’s fresh sanctions on Iran are a “symbolic act” and may leave Washington with no room to exert further pressure on the nuclear power, a former U.S. diplomat said Tuesday. “What else do you have to do that will actually have to affect the Iranians’ calculus?” said Amos Hochstein, who served as […] Read more
