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Oil in dramatic fall after Libya supply comment

Oil prices fell sharply yesterday after Libya said it would boost supplies. Brent crude dropped 6.9% – the biggest decline in more than two years. It ended the day at $73.40 a barrel. Meanwhile, US crude fell 5% to $70.38 a barrel – its worst one-day decline in a year. OPEC president Suhail Al-Mazrouei said: “Fluctuation is not good.”

‘Admiring’ Comcast ups its offer for Sky

Comcast has raised its offer to buy Sky to £14.75 per share. The US media giant’s move came hours after rival bidder 21st Century Fox had increased its own offer to £14. Comcast said its new offer has been recommended by Sky’s independent committee of directors. Chief executive Brian Roberts said: “We have long admired Sky.”

Gary Lineker is BBC’s top-paid on-air star

Gary Lineker is the BBC’s highest paid on-air talent and is the only one of the corporation’s major male stars not to take a pay cut. The football broadcaster is paid between £1.75m and £1.76m a year, overtaking Radio 2’s Chris Evans, whose £2.2m salary has been reduced to £1.66m-£1.67m. The BBC’s third-best paid star was Graham Norton, in the £600,000 to £610,000 bracket.

Investors ‘rattled’ as trade war comes ever closer

Global investors are “rattled” after the Trump administration threatened to impose 10% duties on $200bn (£151bn) of imports, drawing protests from China. As an all-out trade war moves a step closer, the FTSE 100 finished the day 100 points lower at 7,591, while the Dax fell 1.5% and the Dow Jones slipped 180 points, or 0.7%, in early trading.

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Source:: The Week – All news


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Thursday 12 July 2018

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