Country to leave cartel in January 2019, but will take part in this week’s meeting Qatar is to pull out of Opec after nearly 60 years of membership of the oil cartel, but will attend a meeting this week that will discuss cutting output. Saad al-Kaabi, the country’s energy minister, ... Read More »
Donald Trump and Xi Jinping declare trade truce at G20
US officials say president will wait 90 days before imposing 25% tariffs to allow negotiations Donald Trump has delayed for 90 days his threatened imposition of 25% tariffs on most Chinese imports after a dinner meeting with Xi Jinping, to give time for negotiations on longstanding trade disputes between the ... Read More »
U.K. Labour Party Vows to Oust Prime Minister May If Parliament Rejects Her Brexit Deal
Britain’s opposition Labour Party ramped up the pressure on Prime Minister Theresa May Sunday, saying it will call a no-confidence vote if Parliament rejects her Brexit deal on Dec. 11. May is battling to persuade skeptical British lawmakers to back the deal her government and the European Union reached last ... Read More »
The Smashed Face of This Statue Symbolizes the Fury of the Paris Protests
France’s worst riots in a decade have left destruction across Paris, with even national monuments facing the wrath of anti-government protesters known as gilet jaunes or yellow jackets after the high-visibility jackets they wear on demonstrations. Thousands of protesters stormed the streets of the French capital over the weekend, leaving ... Read More »
UAE now has the most powerful passport in the world
UK sits in 21st place with visa free access to 119 countries The United Arab Emirates (UAE) has overtaken Singapore and Germany as the country with the world’s most powerful passport. According to Passport Index, UAE passport holders are now able to gain entry to 167 countries without obtaining a ... Read More »
China, vying with U.S. in Latin America, eyes Argentina nuclear deal
Argentina and China are aiming to close a deal within days for the construction of the South American nation’s fourth nuclear power plant, a multi-billion dollar project that would cement Beijing’s deepening influence in a key regional U.S. ally. Argentina hopes to announce an agreement on the Chinese-financed construction of ... Read More »
Forget Brexit, war in Ukraine is the biggest threat to Europe
History may compare the handling of a defeated and depressed Russia in the 1990s to that of Germany after 1918 While parliament fiddles, Europe burns, or at least sputters into flame. History could not be clearer. The diversion of the Russo-Ukrainian conflict into the Sea of Azov is precisely the ... Read More »
Companies have to decide where they want to be in the ‘tariff world,’ says CEO
As the trade war continues to rumble on between the U.S. and China, businesses will have to decide on which side they choose to align themselves, according to Mikkel Hippe Brun, co-founder of commerce platform, Tradeshift. Speaking at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China, ... Read More »
Civil rights ‘under serious attack’ across the globe
More than half of countries use censorship, harassment or violence to repress public debate, warns a report Nearly six in 10 countries are seriously restricting people’s freedoms, according to a new report that warns of a growing repression around the world. According to the study, there is little or no ... Read More »
Ukraine president warns Russia tensions could lead to ‘full-scale war’
Petro Poroshenko says Moscow massing troops at border as Crimean court orders sailors detained for two months Ukrainian president Petro Poroshenko has warned of the threat of “full-scale war” with Russia as tensions escalated between the two countries over the detention of Ukrainian navy vessels in the Kerch Strait. The ... Read More »