Tuesday 23 September 2014

Saudi promises $500 million for Gaza rebuilding

Saudi Arabia has pledged $500 million to help rebuild Gaza, Palestinian Prime Minister Rami Al-Hamdallah said, with the full cost of post-war reconstruction expected to be around $4 billion over three years. Saudi Arabia's commitment comes ahead of a conference in Cairo on Octobe


Support for Scotland staying in UK at 53pc

Supporters of keeping Scotland within the UK held a 6 percentage-point lead in a final independence opinion poll which was published as voters were taking part in the referendum on whether Scotland should break the 307-year-old union. The Ipsos Mori poll for the London Evening St


Oil, gold plunge to new lows on strong dollar

Brent crude dropped towards $98 per barrel, while gold tumbled to its lowest in 8-1/2 months on Thursday as the dollar index jumped to a four-year peak on fears about a looming US interest rate increase. Poor demand and abundant supplies have pushed down the oil benchmark to a 26


Iran nuke deal elusive as talks resume in New York

A diplomatic breakthrough is unlikely on a nuclear deal to end sanctions against Iran when talks resume in New York this week between Tehran and six world powers deadlocked after a year of negotiations. The talks between Iran and the United States, Britain, France, Germany, Russi


Qatar doesn't fund IS in Syria, Iraq: Emir

Qatar's Emir Sheikh Tamim bin Hamad Al Thani assured the West on Wednesday that it was not aiding Islamic State in Iraq and Syria, telling Germany that his own country's security was jeopardised by the militants. Last month, a German cabinet minister accused Qatar of fina


Oil gains on Opec production cut talk

US crude futures rose by almost $2 and Brent by more than $1 on Tuesday on the prospect of a production cut by Opec as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery. The dollar began selling off just ahead of a meeti


Cannot rule out larger ground role in Iraq: US

The most senior US military officer raised the possibility on Tuesday that American troops might need to take on a larger role in Iraq's ground war against Islamic State militants, but the White House stressed they would not deploy on a combat mission. General Martin Dempsey,


Judge warns Fifa after World Cup votes probe

Hans-Joachim Eckert, the German judge deciding what action to take following Fifa's investigation into alleged corruption surrounding the 2018 and 2022 World Cup votes, said he doubted "if soccer and ethics can still fit together". The Munich-based head of the Adjud


Petra sells rare blue diamond for $27.6m

London-listed Petra Diamonds Ltd sold a rare blue diamond found at its mine in South Africa for $27.6 million, falling short of the price some analysts had expected it to fetch. The company recovered the 122.52-carat diamond in June from its Cullinan mine, a site with a long and


Storm batters Mexico resorts, knocks out power

Tropical Storm Odile ground its way up Mexico's Baja California peninsula on Monday, gradually losing strength after forcing the evacuation of thousands and smashing shops open to looters in the popular tourist area. The government said it would use military and commercial pl

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