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Fresh details emerge on Sri Lanka bomber who studied in UK

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Fresh details have emerged about Abdul Lathief Jameel Mohamed, a former UK student who is suspected of carrying out a Sri Lanka suicide bombing. Mohamed travelled to the UK on 1 January 2006 and returned to Sri Lanka on 29 September 2007, Sky sources have said. He made another trip to Britain in 2008. Image: Read More

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

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FRANKFURT (Reuters) – German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands. Germany’s two largest banks announced that nearly six weeks of high-level negotiations about a Read More

UK minister: Huawei leaks ‘unacceptable’, criminal investigation possible

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LONDON (Reuters) – British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the “unacceptable” disclosure of confidential discussions on the role of China’s Huawei Technologies in 5G network supply chains. FILE PHOTO: A Huawei logo is pictured during the media day for the Shanghai auto show in Read More

Russian oil imports to Europe halted due to contamination

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By Aliaksandr Kudrytski and Maciej Martewicz on 4/25/2019 MINSK and WARSAW (Bloomberg) — Russian oil flows to parts of Europe were halted after customers complained of unusual impurities in the crude, adding another disruption to the global oil market and pushing prices in London above $75/bbl. Poland, which receives oil through a northern section of Read More

Trump’s widening OPEC fight puts Saudi oil capacity in spotlight

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By Grant Smith on 4/25/2019 LONDON (Bloomberg) — The biggest threat to President Donald Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. The White House plans to choke off oil exports from Iran without triggering a spike in prices largely by getting Saudi Arabia, the only OPEC Read More

Wall Street bankers make triumphant return to Saudi Arabia just in time for mass beheadings

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Global finance leaders, who boycotted the Saudi investment summit last year over the murder of journalist Jamal Khashoggi, have returned to Riyadh despite the beheadings of dozens of people this week. Big investors, particularly from Wall Street, joined panels at the two-day financial forum which began on Wednesday in Riyadh. Larry Fink, CEO of US Read More

Jittery unease remains in Sri Lanka as manhunt continues

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By Greg Heffer, news reporter Sri Lanka locked down its central bank and a road leading to the airport in its largest city, where businesses were advising staff to remain indoors because of a possible security threat. A sense of jittery unease in the country remained four days after 359 people, including eight Britons, were Read More

German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

6 hours ago DieselGasoil Comments Off on German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks
FRANKFURT (Reuters) – Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank. FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo After nearly six weeks of talks, Germany’s two Read More

‘Sexist & indecent’: Twitter fires back at Pakistani PM as he calls MALE opponent ‘madam’

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Pakistani PM Imran Khan minced no words while calling his political opponent ‘madam,’ but the remark didn’t sit well with local netizens who accused their premier of sexism and misogyny. Imran Khan unloaded on Bilawal Bhutto Zardari, chairman of the opposition Pakistan People’s Party (PPP), while speaking to a crowd of supporters on Wednesday. I Read More

26yo man arrested with maps of Sri Lankan Parliament, assault rifle ammo

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A 26-year-old man in possession of improvised maps of and six passes to parliament and assault rifle ammunition was arrested by Sri Lankan authorities overnight. Local reports say police were responding to a tip-off when they found the 26-year-old carrying several parliamentary passes and a rough map marking out the road route to the parliament. Read More