The UK faces a “dangerous cocktail” of threats in its economy this year, as global oil prices slump and growth in China slows down. That’s according to Finance Minister George Osborne, who is warning that the country must not be complacent after two years of steady growth. He added that while a big drop in oil prices was good for most British consumers and businesses, it would hurt oil and gas output and investors who had lent to the sector. Tensions in the Middle East are also a worry.
Nasdaq set to confirm bear market as Trump tariffs trigger recession fears
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China to impose tariffs of 34% on all US goods
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Shares bruised, dollar crumbles as Trump tariffs stir recession fears
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.
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The Rock and Chris Evans: A Christmas Surprise!
The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...
From taking us down memory lane to a possible BAD BOYS 5 in Dubai?
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