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Business - Oil drops on doubts output cut will be deep enough to end glut

Oil prices fell on Wednesday on persistent doubts a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. International Brent crude oil futures were trading at $53.69 per barrel at 0131 GMT, down 24 cents, or 0.45 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 19 cents, or 0.37 percent, at 50.74 per barrel.

Wednesday, December 07, 2016  01:55


World - Scotland bans smoking in cars with children

A new law comes into force in Scotland on Monday banning smoking in cars when children are present, as part of the government`s plans for a `tobacco-free generation`. Under the law smokers face a £100 ($127, 119 euros) on-the-spot fine if caught lighting up in a private vehicle where under-18s are present. The penalty increases up to £1,000 if a case goes to court, under a bill passed unanimously in Scottish Parliament in December.

Sunday, December 04, 2016  20:17


Sports - Bears quarterback Cutler to have season-ending surgery

Chicago Bears quarterback Jay Cutler will undergo surgery on his injured shoulder and will likely miss the remainder of the National Football League season, team officials said Thursday. Bears coach John Fox said Thursday the 33-year-old Cutler will have surgery to repair a torn labrum on his throwing arm and will be placed on injured reserve. Asked if this might signal the end of Cutler`s chequered career in Chicago, Fox declined to comment.

Thursday, December 01, 2016  23:03


World - UK court convicts Belgian linked to Brussels, Paris attacks suspect

A British court on Tuesday convicted a Belgian man living in Birmingham of giving money to Brussels and Paris terror attacks suspect Mohamed Abrini. Zakaria Boufassil handed £3,000 ($3,770, 3,550 euros) in cash to Abrini when the latter visited the city in central England in July 2015, with the knowledge that it would be used for terrorism, the court found. Testifying at Kingston Crown Court in London last week, the 26-year-old admitted to meeting Abrini and to holding the money for his conspirator, Mohamed Ali Ahmed, but said he had `no idea` of its intended use.

Tuesday, December 06, 2016  14:18


World - UK financial sector makes record tax contribution: study

Britain`s financial services paid a record amount in taxes last year, new figures revealed Tuesday, emphasising the sector`s importance as the country prepares to withdraw from the European Union. The sector`s total tax contribution reached £71.4 billion (84.7 billion euros, $90.9 billion) in the year to March 31, up 7.4 percent on the previous year, the study by consultancy PwC for the City of London Corporation showed. The figures represent 11.5 percent of the British government`s total tax receipts over the 12-month period and the equivalent of almost a quarter (23.3 percent) of financial services` turnover.

Tuesday, December 06, 2016  14:09


World - RBS says to pay $1.0bn over toxic rights issue claims

Royal Bank of Scotland pledged Monday to pay up to $1.0 billion (950 million euros) to settle cases linked to a controversial 2008 shares sale conducted just before its state bailout. RBS, which is still 73 percent owned by the British government, said in a statement it has reached a `final settlement` with three out of the five investor groups bringing compensation claims against it over the matter. The Edinburgh-based lender has offered to pay up to £800 million to resolve all the compensation claims, but it remains in discussions with the two other groups.

Monday, December 05, 2016  09:18


World - Ex-Chelsea player claims club `paid for silence on abuse`

A former Chelsea player has claimed he was paid £50,000 ($63,000) by the Premier League club not to go public about allegations that he was sexually abused by its former chief scout. Gary Johnson, 57, told The Mirror on Friday that he had been abused as a youth player by Eddie Heath, who is now dead. The latest allegations come as around 350 people have told British police they were victims of abuse by football coaches, deepening a scandal that has rocked the sport.

Friday, December 02, 2016  10:44


World - Belgian denies UK charge of funding Brussels, Paris attacks suspect

A Belgian man accused of giving money to a key suspect in the Brussels and Paris terror attacks took the stand in his British trial Thursday to protest his innocence and condemn Islamic State militants as `worse than animals`. Zakaria Boufassil, who lives in Birmingham in central England, is accused of handing £3,000 ($3,770, 3,550 euros) in cash to Mohamed Abrini when the latter visited the city in July 2015, with the knowledge that it would be used for terrorism. Testifying at Kingston Crown Court near London, the 26-year-old admitted to meeting Abrini and to holding a bag of money for his alleged conspirator, Mohamed Ali Ahmed, but said he had `no idea` of its intended use.

Thursday, December 01, 2016  19:07


Most Recent - Trump plans `major news conference,` but will he take questions?

President-elect Donald Trump has still not given a press conference since his Election Day victory. But he did find time this week for two interviews with his preferred cable news destination, Fox News.

Friday, December 02, 2016  17:04


Sports - Dodt leads storm-hit Australian PGA

Australia`s Andrew Dodt carded eight birdies to be the clubhouse leader at a storm-hit Australian PGA Championship, with former winner Adam Scott three off the lead at Royal Pines on Thursday. Two-time European Tour winner Dodt came home in 31 to be seven-under for the tournament after a 65 and hold a two-shot lead over New Zealander Ryan Fox and American Julian Suri. American Harold Varner III made a late charge to five-under after four consecutive birdies and then another on the 13th before having to scurry for cover as a thunderstorm deluged the course and forced play to be abandoned for the day.

Thursday, December 01, 2016  09:06

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