Archive for the ‘Finance’ Category

Amec paves way for takeover by Wood Group

Tuesday, April 25th, 2017

UK engineering and services company revises its borrowing agreement to reduce debt

Amec paves way for Wood Group takeover

Tuesday, April 25th, 2017

UK engineering and services company revises its borrowing agreement to reduce debt

Caterpillar lifts forecast on mining recovery hope

Tuesday, April 25th, 2017

After years of weak demand, big equipment maker reports better than expected sales

Reports of populism’s death are premature

Tuesday, April 25th, 2017

MONDAY was a day when, in the latest jargon, the markets went “risk on”. Equities rose, the spread between the yields of French and German bonds narrowed and the euro rebounded. The reason was the first round of the French presidential election. As the results emerged on Sunday night, it was clear that a) the nightmare of a second round between Marine Le Pen and Jean-Luc M?lenchon had been avoided and b) Ms Le Pen’s vote was no better than her poll rating, indicating there was no reservoir of shy, far-right voters. The centrist Emmanuel Marcon (pictured) topped the poll and is predicted to get more than 60% of the vote in the second round, far outside the pollsters’ margin of error.

So France will not follow the US and Britain down the path that led to the election of Donald Trump and the Brexit referendum. But it is way too early to say, as some do, that populism is in retreat. First, France has a much greater tradition of support for the far left…Continue reading

Reports of populism's death are premature

Tuesday, April 25th, 2017

MONDAY was a day when, in the latest jargon, the markets went “risk on”. Equities rose, the spread between the yields of French and German bonds narrowed and the euro rebounded. The reason was the first round of the French presidential election. As the results emerged on Sunday night, it was clear that a)the nightmare of a second round between Marine Le Pen and Jean-Luc M?lenchon had been avoided and b)Ms Le Pen’s vote was no better than her poll rating, indicating there was no reservoir of shy, far-right voters. The centrist Emmanuel Marcon (pictured) topped the poll and is predicted to get more than 60% of the vote in the second round, far outside the pollsters’ margin of error.

So France will not follow the US and Britain down the path that led to the election of Donald Trump and the Brexit referendum. But it is way too early to say, as some do, that populism is in retreat. First, France has a much greater tradition of support for the far left…Continue reading

Business leaders back low-carbon energy system

Tuesday, April 25th, 2017

Energy Transitions Commission pushes for renewables to comprise almost all energy by 2030s

Gazprom to receive funding for Nord Stream 2 pipeline

Monday, April 24th, 2017

Five European energy groups will provide loans to contentious project

Britain’s energy market is faulty but not broken

Monday, April 24th, 2017

Number 10 should exhaust all options before giving up on competition

Hayward finds life anything but easy in Kurdistan

Monday, April 24th, 2017

Former BP boss leaves Genel Energy after it slashed its estimated oil reserves

An air marshal leaves her loaded gun in a plane toilet

Monday, April 24th, 2017

PEOPLE often enter a public toilet with a sense of trepidation; after all, who knows what horror might await behind the cubicle door. Even so, a passenger on a service between Manchester, Britain, and New York got a nasty surprise. 

Earlier this month an American air marshal accidentally left her loaded gun in the loo of a Delta Air Lines plane bound for JFK. According to the New York Times, the weapon was found by a passenger, who handed it over the to the flight’s crew. The crew then returned it to the officer. The Times says that the air marshal did not report her oversight to authorities for several days, as is required, and had been assigned to other planes in the meantime. Using unimpeachable logic, one former air marshal explained to the paper: “You can’t have inept people leaving weapons in a lavatory. If someone with ill intent gets hold of that weapon on an aircraft, they are now armed.”

The idea of placing armed air marshals on commercial flights is a divisive one. We have discussed the issue on this blog…Continue reading

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