Bloomberg Michael Cohen, President Donald Trump’s personal lawyer, said his scheduled closed-door appearance before the Senate Intelligence Committee was postponed at the panel’s request. Cohen, who has a long relationship with the president, told reporters on Capitol Hill on Tuesday he will return to answer questions. “I’ll be back and look forward to giving all the information†that the committee ...
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UN urges ICC to probe Burundi rights abuses
Bloomberg A United Nations commission urged the International Criminal Court (ICC) to investigate possible crimes against humanity committed in Burundi, saying it had compiled a list of alleged perpetrators of violence during the country’s two-year crisis. The UN Commission of Inquiry on Burundi has reasonable grounds to believe “serious human-rights violations and abuses†have been committed in the East African ...
Read More »Brexit rift widens as speculation mounts on Johnson resigning
Bloomberg UK Prime Minister Theresa May is locked in a battle with Boris Johnson that could alter the course of her Brexit strategy, with her top diplomat dangling the option of stepping down. The Daily Telegraph, a Conservative-leaning newspaper for which Johnson used to write, reported that he was ready to resign before the weekend if May embraces a “Swiss ...
Read More »â€˜Myanmar ready to welcome back Rohingyas’
Bloomberg Myanmar leader Aung San Suu Kyi said her government was ready to welcome back Rohingya refugees who fled a crackdown by security forces over the past month. “We condemn all human rights violations and unlawful violence,†Suu Kyi said on Tuesday in a rare televised English-language address from the capital Naypyidaw. “We are committed to the restoration of peace, ...
Read More »Kenya poll ‘fake news’ undermines rule of law
Bloomberg An upsurge in fake news, hate speech and ethnic-profiling after Kenya’s Supreme Court nullified the presidential election risks undermining the East African country’s constitution and institutions, the embassies of the US, UK and 14 other nations said. Kenyan authorities should hold to account those responsible for incitement and ensure the safety of those wrongly attacked, including people working at ...
Read More »Saudi Arabia raises $1.9bn from domestic sukuk sales
Bloomberg / Reuters Saudi Arabia raised 7 billion riyals ($1.9 billion) from domestic sukuk sales as the kingdom seeks to bolster its finances amid an economic overhaul and lower oil prices. The government received more than 24 billion riyals in bids for its third riyal-denominated Islamic bond sale, according to a statement on the Ministry of Finance’s website. It raised ...
Read More »Saudi may raise domestic gasoline prices by 80%
Bloomberg Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest oil exporter pushes a program to curtail public spending after a global slump in prices. The government would boost gasoline to parity with varying international prices under the plan, according to a person with knowledge ...
Read More »Aramco plans to buy non-Saudi crude in global trading expansion
Bloomberg Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. The state-owned company is putting crude marketing and refined-product trading under the same management, according to Ibrahim Al-Buainain, chief executive officer of Saudi Aramco Products Trading Co.. The enlarged unit ...
Read More »Oil rises above $50 as Iraq positive for more OPEC action
Bloomberg Oil extended gains above $50 a barrel in New York as Iraq raised the prospect of OPEC taking further steps to clear a global supply glut. West Texas Intermediate futures added 0.4 percent. Iraqi Oil Minister Jabbar al-Luaibi said there’s support in the Organization of Petroleum Exporting Countries to deepen output curbs by about 1 percent. Still, Iraq has ...
Read More »Hedge funds bet on fuels as storm trade persists
Bloomberg The post-Harvey buzz over fuels is making US crude look like the poor stepchild of hedge funds. Since the storm battered the heart of America’s refining industry last month, bets on rising gasoline and diesel prices have surged for three straight weeks to the most bullish in years. But when it comes to West Texas Intermediate crude, skepticism is ...
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