World leaders meeting for a summit in Germany have agreed every aspect of a joint statement apart from the section on climate where the United States is pushing for a reference to fossil fuels, European Union officials said on Saturday. The officials said aides had worked until 2 a.m. to finalise a communique for the […]
Read moreU.S. President Donald Trump on Saturday met with British Prime Minister Theresa May and said he hoped the United States can quickly seal a bilateral trade deal with the United Kingdom. “We’re working on a trade deal which will be a very, very big deal, a very powerful deal, great for both countries,” Trump told […]
Read moreCurrency, United States Finance
Brexit: A Norwegian solution for Britain does not appear forthcoming, says Norway PM
A “Norwegian solution” for Britain post-Brexit does not appear to be on the cards given London’s position concerning the so-called ‘four freedoms’, Norway’s Prime Minister Erna Solberg told CNBC on Friday. “I think we have very good working relations on the basis of not being members of the European Union but it does have as […]
Read moreCurrency, United States Finance
Trump: Look forward to 'positive things happening' from Putin meeting
President Donald Trump said Friday he anticipates “positive things happening” as he and Russian President Vladimir Putin talk at the G-20 summit in Germany. He spoke as the highly-anticipated first meeting between the two leaders began, but did not go into detail about which issues he would address. “President Putin and I have been discussing […]
Read moreOil supply could easily be threatened by geopolitical risks, and such a disruption could cause oil prices to skyrocket, experts tell CNBC. Neil Dwane, global strategist and chief investment officer of European equity at Allianz Global Investors, warned that oil production supply is looking threatened around the world. “Venezuela’s 2 million barrels of oil a […]
Read moreCurrency, United States Finance
Russians sole culprits in US election hacking, says ex-intel director Clapper
The U.S.’s former top intelligence official has rubbished President Donald Trump’s claims that foreign actors outside of Russia may have been involved in the alleged hacking of the 2016 U.S. presidential election, saying that they are unsubstantiated. “We saw no evidence whatsoever that it was anyone involved in this other than the Russians,” James Clapper, […]
Read more
Protesters have taken to the streets of Hamburg, Germany, for the second day of anti-capitalism demonstrations as world leaders prepare to meet for this weekend’s 12th annual G-20 summit. Tens of thousands of people marched across the port city Thursday to display their frustrations about societal inequalities in what they dubbed a “Welcome to Hell” […]
Read moreBerkshire Hathaway Energy, a unit of Warren Buffett‘s Berkshire Hathaway Inc, said on Friday it would acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor’s equity value at about $11.25 billion. Berkshire Hathaway Energy said it agreed to buy reorganized Energy Future Holdings Corp (EFH), Dallas-based Oncor’s bankrupt parent, for $9 billion […]
Read moreCurrency, United States Finance
US concerned Arab dispute with Qatar may intensify, State Department says
The United States is increasingly concerned that a dispute between Qatar and other Arab states is at an impasse and could drag on for a long time or intensify, the U.S. State Department said on Thursday. Underscoring U.S. concerns about a crisis involving key allies in the Middle East, Defense Secretary Jim Mattis discussed the […]
Read moreGerman police fired water cannon and pepper spray at protesters gathered to demonstrate against a G-20 summit in Hamburg after a group of black-clad demonstrators threw bottles and other objects at riot police. Police expected around 100,000 protesters from around Europe, who say the G-20 has failed to solve many of the issues threatening world […]
Read more