The Tower of London hosted a networking dinner for global arms manufacturers, mere days after the extremely popular ‘sea of poppies’ remembrance installation closed. Tower managers have been accused of “crass insensitivity.”
OPEC`s decision not to reduce oil production will affect major oil producers and may undermine the global oil industry, planting the seeds for a major oil crisis in 2015 or 2016, international oil economist, Dr. Mamdouh Salameh told RT.
David Cameron has announced new government measures to curb levels of UK immigration. In a speech on Friday, the prime minister said all new EU migrants must work for a minimum of four years in the country before being able to claim state benefits.
Ukraine’s president has announced plans to change the nation's legislation to make it possible to appoint foreigners to top government positions. This has been dubbed “unprecedented,” and may indicate that the country is being governed “from outside.”
Switzerland is under diplomatic pressure from Israel, the US, Canada and Australia, which are trying to prevent an international conference in Geneva from taking place in mid-December on Israel’s occupation of Palestinian territories, Haaretz reports.
If OPEC members decide to boost oil prices by cutting production, this may severely hit some of the cartel’s key customers in China and other Asian countries, Ed Hirs, Managing Director of Hillhouse Resources an oil investment firm told RT.
OPEC is not a monolithic organization and it fails to agree on common policy, so it’s unlikely that the upcoming Vienna meeting will become a deciding factor on oil prices, Adrian Salbuchi, International consultant, told RT.
The cartel that produces more than 40% of the world’s oil will meet to discuss weak oil prices that are costing some members dearly. OPEC’s low price strategy is poor, and shows the organization is a “struggling dinosaur,” an expert tells RT.