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'Yemen war can end if world acts now'

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The world must act now to end the war in Yemen and save millions of people from the brink of famine, the man who is trying to broker a peace deal has told Sky News. Martin Griffiths, the United Nations special envoy for Yemen, said in an exclusive interview that the way ahead would be Read More

‘Germany can’t accept being treated like an occupied country’ – Former Chancellor Schroeder

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Former German Chancellor Gerhard Schroeder didn’t mince his words about the incumbent US Ambassador to his country Richard Grenell, saying the US envoy’s treatment of the host country was insulting. Speaking with Reuters about Grenell, the veteran German politician said the ambassador’s actions suggested that he believed Germany to be occupied by America. We can’t Read More

US sanctions on China may escalate to ‘commercial Cold War,’ French minister warns

10 hours ago DieselGasoil Comments Off on US sanctions on China may escalate to ‘commercial Cold War,’ French minister warns
The ongoing trade conflict between Washington and Beijing may escalate into a full-fledged commercial cold war, French Finance Minister Bruno Le Maire warned during a World Trade Organization (WTO) conference. Speaking in Paris during an opening ceremony of a meeting on the future of the WTO, Le Maire branded the decision of US President Donald Read More

UBS lures more money from U.S. super rich to Switzerland

11 hours ago DieselGasoil Comments Off on UBS lures more money from U.S. super rich to Switzerland
ZURICH (Reuters) – A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen in St. Read More

Canadian energy sector losing patience with the country’s lack of support

11 hours ago DieselGasoil Comments Off on Canadian energy sector losing patience with the country’s lack of support
By Michael Bellusci on 11/16/2018 TORONTO (Bloomberg) — The plunge in global crude prices is being exacerbated in Canada by a lack of pipeline capacity, sending the country’s oil prices to a near record discount to the U.S. and energy stocks reeling.  Gas producers can’t even catch a break: while U.S. gas has surged about Read More

Europe has economic woes of its own beyond Brexit

12 hours ago DieselGasoil Comments Off on Europe has economic woes of its own beyond Brexit
Business and City folk who spend much time travelling, when asked about how the rest of Europe looks at the Brexit issue, report two key trends. The first, understandably enough, is that Europeans cannot stop laughing at the ineptitude of Britain’s political class or shaking their heads in disbelief at the way one of the Read More

Black or brown? Twitter explodes over Juncker wearing ‘different’ shoes

12 hours ago DieselGasoil Comments Off on Black or brown? Twitter explodes over Juncker wearing ‘different’ shoes
A Twitter storm broke out after it was suggested that Jean-Claude Juncker was wearing shoes of different color during a press briefing. Some blamed it on alcohol, but there might be a bit more to the story. A video uploaded on Twitter shows European Commission President Jean-Claude Juncker finishing up a news conference in Brussels. Read More

PG&E shares jump as regulator eases bankruptcy fears

12 hours ago DieselGasoil Comments Off on PG&E shares jump as regulator eases bankruptcy fears
Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, U.S., November 14, 2018. REUTERS/Terray Sylvester (Reuters) – Shares of embattled utility PG&E Corp (PCG.N) jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California’s deadly wildfires were eased by signs Read More

Oil rises, paring sixth weekly loss on expectation of OPEC cuts

12 hours ago DieselGasoil Comments Off on Oil rises, paring sixth weekly loss on expectation of OPEC cuts
By Tsuyoshi Inajima and Grant Smith on 11/16/2018 TOKYO and LONDON (Bloomberg) — Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year.  Futures in New York rose 1.8% Friday, trimming the weekly drop to 4.6%. With OPEC seeing waning demand Read More