Saturday 31 January 2015

US drone program in Yemen facing intelligence gaps

The United States is facing increasing difficulty acquiring intelligence needed to run its stealth drone program in Yemen, undermining a campaign against the most lethal branch of al Qaeda after Houthi rebels seized control of parts of the country's security apparatus, US officials say.


Chevron to stop shale gas exploration in Poland

US energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Chevron's Polish unit "has decided to discontinue shale gas operations in Pola


Ukraine, rebels hold peace talks as fighting rages

A new round of peace talks got under way involving Ukraine and separatists on Saturday, even as fighting between Kiev government forces and the Russian-backed rebels raged in Ukraine's east, claiming civilian and military lives. The main members of the so-called contact group


Two US men targeted in Saudi Arabia

Gunmen fired at two US citizens yesterday on a road in Eastern Province, leaving one wounded, in the fourth anti-Western attack in Saudi Arabia in as many months, police said. The two Americans were travelling on a road in Al Ihsaa governorate. A US embassy spokesman said: &ldquo


IS seizes Iraq oil facility, 15 workers missing

Islamic State insurgents on Saturday seized a small crude oil station near the northern Iraqi city Kirkuk where 15 employees were working, and explosions in and around the capital Baghdad killed at least nine people. Two officials from the state-run North Oil Co confirmed the mil


UK may set deadline on insurance claims

Britain's markets watchdog will consider imposing a deadline on customers claiming compensation for the mis-selling of loan insurance, potentially drawing a line under the country's costliest consumer finance scandal. The Financial Conduct Authority (FCA) yesterday said i


US troops likely needed in Iraq to battle IS: Hagel

Outgoing Defense Secretary Chuck Hagel said in an interview on Friday the United States might eventually need to send non-combat ground troops to Iraq to help turn back Islamic State forces. Hagel, who announced his resignation under pressure in November, told CNN all options mus


Key euro zone consumer prices fall at record pace

Euro zone consumer prices fell at a record-equalling pace in January, more steeply than expected and supporting the backers of the European Central Bank's (ECB) money-printing plan to combat sustained deflation. The European statistics office said, in a first estimate yesterd


Oil surges 8pc as US rig count plunges

Oil prices roared back from six-year lows on Friday, rocketing more than 8 per cent as a record weekly decline in US oil drilling fuelled a frenzy of short-covering. In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude sho


Gold on course for biggest weekly fall since Nov

Gold was on course for its biggest weekly fall in two months despite edging higher on Friday, a day after a two per cent slide on expectations for a US interest rate rise. Investors took some profits on Thursday on concern that strong gains in January, which have put prices on tr

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