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Oil and gas industry in ‘bleak’ 2014

Posted by Warren Fyfe on February 24, 2015 in Warren Fyfe Site

24 February 2015 Last updated at 06:13 The UK offshore oil and gas industry has reported its worst annual performance for four decades. Industry body Oil Gas UK said falling oil prices and rising costs meant the sector spent and invested £5.3bn more than it earned from sales during 2014. That outflow of cash was [...]

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Greece unveils bailout reforms

Posted by Warren Fyfe on February 24, 2015 in Warren Fyfe Site

24 February 2015 Last updated at 07:13 Greece is trying to balance the demands of creditors with those of austerity-weary voters Greece has unveiled an outline summary of reforms demanded by eurozone leaders in order to secure a bailout extension. The measures include plans to combat tax evasion and tackling fuel and tobacco smuggling. Government [...]

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Rifkind ‘under pressure’ to step down

Posted by Warren Fyfe on February 24, 2015 in Warren Fyfe Site

24 February 2015 Last updated at 07:42 Sir Malcolm Rifkind and Jack Straw both deny any wrongdoing Sir Malcolm Rifkind is coming under pressure to step down as chairman of an important Commons committee over “cash-for-access” claims. Labour MP Kim Howells, a former chairman of the Intelligence and Security Committee, said its reputation must not [...]

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