Briton jailed over Trump death plot

A British man has been sentenced to 12 months and one day in prison over his attempt to grab a gun in a bid to kill Donald Trump. Michael Sandford, 20, pleaded guilty in September to being an illegal alien in possession of a firearm and disrupting an official function. He was accused of grabbing a policeman’s gun… Read More »

U.S. to halt some arms sales to Saudi, citing civilian deaths in Yemen campaign

The United States has decided to limit military support to Saudi Arabia’s campaign in Yemen because of concerns over widespread civilian casualties and will halt a planned arms sale to the kingdom, U.S. officials told Reuters. The United States will also revamp future training of the kingdom’s air force to focus on improving Saudi targeting practices, a persistent… Read More »

Sky bid puts independent directors under pressure

Sky’s independent directors are under mounting pressure to secure a higher bid from Rupert Murdoch for the 61% stake in the satellite broadcaster it does not own. On Friday, 21st Century Fox announced a possible bid for Sky priced at £10.75 a share, valuing the company at £18.5bn. Investors are concerned that James Murdoch is both chairman of… Read More »

Oil prices jump on new output deal

Oil prices have surged after oil producing countries that are not Opec members agreed to cut output. Brent crude jumped to $57.89 a barrel – the highest since July 2015 – before falling back to $56.55, although that was still a gain of 4.1% on the day. On Saturday, non-Opec countries agreed to cut their output by 558,000… Read More »

Sumner Redstone and daughter pull CBS, Viacom merger plan

Media mogul Sumner Redstone and his daughter Shari called off their failed effort to merge CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Monday, sending shares of Viacom – widely viewed as the weaker company – down almost 8 percent. The collapse of the plan, which never got beyond initial talks, raises questions about the future of both… Read More »

Pressure grows to refer Rupert Murdoch’s Sky bid to Ofcom

Ministers are declining to comment on the deal, but Bradley will have to take a quasi-judicial decision on whether to ask Ofcom for an adjudication within 10 days of being formally notified of the proposal. Matthew Hancock, Bradley’s deputy minister at the Department for Culture, Media and Sport, said he could only reassure MPs that the culture secretary… Read More »

Asos bets big on London despite Brexit

Another win for the Brexit brigade? The decision by online retailer Asos to hire 1,500 staff over three years, as part of plans to expand its London head office, will no doubt be portrayed that way by Theresa May’s Government. Following similar announcements by Facebook and Google, both of which plan to increase their UK workforces despite the… Read More »

UK’s current GDP growth rate won’t last, warns business body

“The business as usual” approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. The business body expects GDP to grow by 2.1% this year, up from the 1.8% it forecast just three months ago. But uncertainty over the… Read More »

Palm oil giant Olam accused over sourcing

Palm oil giant Olam has been accused of using suppliers that may use unsustainable practices in parts of Southeast Asia. The claims against the agricultural commodities trader were made in a report by Mighty, a US-based environmental lobby group. Mighty also accuses Olam and its main stakeholder, Singapore state-owned investment company Temasek, of turning a blind eye to… Read More »

Monte dei Paschi races to raise €5bn cash by end of year

Italy’s Monte dei Paschi bank has said it will try to raise €5bn (£4bn; $5.3bn) from investors by year end as it races to avoid a state rescue. In a statement, the world’s oldest bank said it would stick to the recovery plan it outlined on 25 October, which includes issuing new shares. The bank had sought a… Read More »