United Kingdom
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HSBC to begin massive layoffs
The UK’s HSBC Holdings announced around 35,000 job cuts as part of a major restructuring project.
The bank said it would shed $100 billion in...
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Britain tells EU that Supervision is ‘not acceptable’ in post-Brexit deal
The UK’s chief Brexit negotiator David Frost said during a visit to Brussels that the EU has totally missed the point of Britain's decision...
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US House speaker Pelosi warns allies against working with Huawei
US Speaker of the House Nancy Pelosi warned NATO allies against allowing Chinese tech giant Huawei into their 5G networks.
During her visit to Brussels,...
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BP sets ambition for net zero by 2050
BP said on 12 February the company set a new ambition to become a net zero company by 2050 or sooner, and to help...
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UK to hold social media companies responsible for harmful content
The UK government has announced it will appoint media watchdog Ofcom as an online regulator that will have power to hold social media companies...
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Johnson shuffles UK cabinet
UK prime minister Boris Johnson started carrying out the first major reshuffle of his cabinet since being elected in December.
Sajid Javid resigned as Chancellor...
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London police raise privacy concerns with facial recognition tech
London police for the first time started using facial recognition cameras to scan for wanted people. The adoption of the technology has raised concerns...
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UK economic growth in 2019 beats expectations
Newly released figures from the Office for National Statistics show that the UK economy grew in December.UK GDP grew 0.3% in December, despite expectations...
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UK man convicted of planning terror attacks on London tourist sites
A former Uber driver was convicted of plotting attacks on London tourist sites. He was acquitted of terrorism in 2018 after he was arrested...
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Brussels chief Brexit negotiator slams UK PM for backlashing on EU rules
Michel Barnier, the EU's chief Brexit negotiator heavily criticised UK Prime Minister Boris Johnson for saying that he will not follow "high-alignment" EU rules...
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Scotland's finance minister quits over messages to teenager
Hours before he was due to deliver next year's budget, Scotland's finance secretary, Derek Mackay, resigned over a report in Scottish media that he...
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UK, Australia commit to free trade talks
British foreign secretary Dominic Raab visited Australia, where he and Australian foreign minister Marise Payne reaffirmed both sides’ desire for a free trade deal.
Raab...
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UK to ban new gas vehicles by 2035
UK prime minister Boris Johnson announced he will ban the sale of new gas, diesel and hybrid vehicles from 2035, five years earlier than...
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Johnson to end early release of terrorist prisoners after London attack
UK prime minister Boris Johnson has signalled that terrorists that are currently in jail will lose their right to early release halfway through their...
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Johnson OK with American genetically modified food
UK prime minister Boris Johnson has dismissed concerns about importing genetically modified food from the US after Brexit, saying a trade deal with the...
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Coronavirus hits oil too, worries plunge prices
Oil prices fell more than 2% on 3 February, as traders were concerned over demand in China following the deadly coronavirus breakout but prices...
Analysis
Does Trump’s peace plan make the EU less relevant?
The Peace to Prosperity plan that the Trump administration rolled out as a “Deal of the Century” on January 28 offers the prospect of a future Palestinian...
Archive
EU to back Spain over Gibraltar claims in Brexit trade talks
Madrid will have the support of the European bloc over its territorial claims to the "Rock" and will be given the power to exclude the...
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Three injured, suspect shot dead in London terror attack
A man was shot dead by undercover police officers Sunday after stabbing two people in London’s Streatham district. The motive was unclear.
The attacker is...
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UK cracks down on plastic waste export to developing countries
A law under the Environment Bill due to be introduced in the UK Parliament on 30 January strengthens powers to prevent the export of...
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EDF gets Royal Mail Group contract to provide electric vehicle infrastructure
Royal Mail Group (RMG), the owner of one of Europe’s largest fleets, has signed a deal with EDF in the UK, the UK’s leading...
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UK-US relations ‘not at risk’ over Huawei decision
United States’ secretary of state Mike Pompeo said that the relationship between the US and the United Kingdom "is not at risk" over UK’s...
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"Good friends and good partners" under certain conditions, says von der Leyen
European Commission's President Ursula von der Leyen focused on what follows UK's departure from the bloc during the MEPs' debate that was held prior to the vote...
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MEPs pave the way for UK's Withdrawal from the bloc
On Wednesday MEPs debated and voted on the terms of UK's official departure from the European Union, paving the way for the country's exit...
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Brexit is also a failure of the European Union, says Verhofstad
"Brexit is also our failure - a failure of the Union," said Guy Verhofstad, the European Parliament's Brexit co-ordinator, during a debate on the...
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Airbus reaches deal on corruption probe
Airbus announced it has reached preliminary settlement deals with authorities in the US, UK and France investigating alleged fraud and bribery. It did not...
Analysis
World prepares as deadly coronavirus likely to spread
China’s death toll from the new coronavirus rose to 132, including the first death in the country’s capital, Beijing. The deadly flu-like virus was...
Archive
MEPs set to approve Brexit deal in historic vote
The European Parliament is set to approve the terms of UK's official departure from the bloc, in a historic vote on Wednesday.
MEPs will debate...
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UK to make Huawei 5G decision today amid intensifying US pressure
London is expected to grant the Chinese tech giant Huawei some access to its 5G network, according to media reports. UK prime minister Boris...
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Chief Brexit negotiator Barnier meets Ireland's PM Varadkar
EU’s chief Brexit negotiator, Michel Barnier met on Monday with Leo Varadkar, Ireland's Prime Minister (Taoiseach) in Government Buildings in Dublin, to discuss the...
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UK prepares to allow Huawei into 5G
The UK is preparing to allow Huawei to supply 5G equipment, and resist the pressure of the United States, who is trying to push...
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Brexit bill passes first EP test, gets signed by von der Leyen, Michel
Ursula von der Leyen, EU Commission's chief and Charles Michel, EU Council President formally signed on Friday the Withdrawal Agreement Bill (WAB) that paves the...
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Johnson's Brexit bill becomes law
UK PM Boris Johnson’s Brexit deal has become law after Queen Elizabeth II gave her formal assent to the legislation. The royal assent opens...
Energy
Kazakhstan invites Shell to invest in Caspian exploration
NUR-SULTAN, Kazakhstan – Kazakhstan’s Ecology, Geology and Natural Resources Minister Magzum Mirzagaliev met on 23 January with Shell Kazakhstan Country Chair Olivier Lazare and...
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France, UK reaffirm commitment to Iran nuclear deal
UK prime minister Boris Johnson and French president Emmanuel Macron reaffirmed their commitment to the Iran nuclear during a meeting on the sidelines of...
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UK, France, Germany pull diplomatic trigger on Iran deal dispute
Nearly a week after Iran’s Islamic Revolutionary Guard Corps shot down a Ukrainian passenger jet, killing everyone on board, France, Germany and the UK...
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Johnson says Huawei critics should suggest alternatives
British PM Boris Johnson said that opponents of Chinese tech company Huawei should suggest alternatives.
The comment comes as US officials arrived in Britain to...
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UK Security Service ‘not worried’ about Huawei impact on intelligence sharing
Andrew Parker, the chief of the UK Security Service - MI5, said in an interview that he had 'no reason to think' the intelligence...
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UK parliament approves Brexit deal
Britain’s parliament gave final approval to Brexit on 9 January, paving the way for the country's departure from the European Union on 31 January,...
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Von der Leyen, Lagarde say 11 months is not enough for a EU-UK deal
The head of the European Commission, Ursula von der Leyen, warned that the timeframe for a deal defining the post-Brexit relationship with the EU...
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Johnson to push for a swift post-Brexit trade deal with the EU
UK prime minister Boris Johnson was expected to tell EU Commission President Ursula von der Leyen, that Britain will not extend the post-Brexit transition...
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Oil price reaches 3-month high as 2019 nears end
Hopes for a US-China trade deal and an American Petroleum Institute (API) report showing lower US crude inventories pushed oil prices about 1% to...
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Oil mess in Texas, OPEC caution gush crude prices
A surprise drop in US crude inventories and comments from Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo about lower-than-expected US...
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Drone strikes on Saudi oil fields spike prices
Geopolitical tensions and fears of longer-than-expected supply shortfalls led to Brent crude oil prices rising more than 1% on 19 September following the drone...
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Iran escalates tensions in the Persian Gulf after seizing UK tanker
In the latest escalation in the Persian Gulf region, Iran’s Islamic Revolutionary Guard reportedly captured a British-flagged oil tanker in the Strait of Hormuz...
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Cyprus, Noble Energy reach deal to expedite Aphrodite development
Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and...
Archive
Saudi-Iran spat over drone attacks fuel oil prices
Increased tensions in the Middle East have fuelled oil prices this week. On 16 May, crude oil prices increased more than 1% as a...
Analysis
Name Dispute: Nationality tussles highlight Prespes Agreement flaws
If there is an area where the June 2018 Prespes Agreement’s legions of detractors and a reasonable number of its mainstream but unenthusiastic supporters...
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With an eye on Nord Stream-2, EU Gas Directive debate heats up
The European Union debate on the on-going revision process of the Gas Directive continues as businesses and companies are concerned that changes will affect...
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Despite EU measures, US sanctions against Iran to drive oil prices higher
Oil prices are likely to rise as traders worry that US sanctions against major oil producer Iran will lead to a tighter market towards...
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