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US sanctions Russian oil companies after failed Putin talks
Posted onBernd Debusmann Jr,at the White House and Max Matza ‘It was time’, says Trump on increase in Russia sanctions The US has announced new sanctions targeting Russia’s two largest oil companies – Rosneft and Lukoil – in an effort to pressure Moscow to negotiate a peace deal in Ukraine. “Every time I speak to Vladimir,…
Wage growth slows slightly over summer
Posted onEmer MoreauBusiness reporter Getty Images Wage growth in the UK cooled slightly over the summer, as unemployment ticked up marginally. Average wage growth was 4.7% in the three months to August, down from 4.8% over the three months to July, according to new data from the Office for National Statistics (ONS). The national unemployment rate…
Madeleine the boring machine poised to build HS2 tunnel in London
Posted onA giant 1,600-tonne machine called Madeleine that will bore a tunnel taking HS2 trains into central London has been switched on. Named after Madeleine Nobbs, the former president of the Women’s Engineering Society, the 190m-long contraption will create a 4.5 mile link connecting Old Oak Common in west London to a proposed expanded station at…
Trumps Venezuela oil meeting starts with few concrete promises
Posted onUS President Donald Trump met with oil executives in Washington on Friday, as he pushed for major investments in Venezuela. But no major financial commitments were immediately forthcoming from the meeting, with the head of ExxonMobil warning the South American country was currently “un-investable”. Trump has said he expects big oil companies to direct “at…
