There are three possible outcomes to the OPEC meeting: either they leave the situation as it is, or stick to a 30 million barrel per day ceiling, or cut oil production, Stuart Elliott, Senior Managing Editor of Europe & Africa Oil News, told RT.
Russia’s largest hydroelectric company RusHydro says it is looking for an Asian buyer for its share of a loss-making energy distribution business in the Far East. Media reports say Chinese company Sanxia is a likely candidate.
Half the UK’s local councils are at risk of collapse, the government’s official auditor has said, warning that one in six may be unable to provide basic services this year. The warning comes after severe cuts in national government funding.
Tory defector Mark Reckless says migrants could be forced to leave the UK if it leaves the EU, as news emerges that Britain granted more citizenships in 2012 than any other EU member. Reckless is the UKIP candidate in Thursday’s by-election.
Britain’s relationship with Somalia has come under scrutiny after a report detailing corruption in the east African nation was published by the UN. The Security Council report claims Somalia has traded arms with Islamist militants.
Sberbank, Russia’s largest lender, will be the first bank in the country to start issuing credit guarantees denominated in Chinese yuan. The new yuan-based letters of credit ensure payments between buyers and sellers, with the bank acting as a router.
China and Australia have sealed a major free trade agreement worth billions of dollars giving the Australian agricultural sector tariff free access to the massive Chinese market, while China will get greater access to investment projects in Australia.
David Cameron’s pledge at the G20 to fast-track a controversial EU-US trade deal has infuriated trade unionists and campaigners, who fear the permanent privatization of the NHS and erosion of Britain’s food standards.