Skip to content Skip to Search
Skip navigation

Europe

PGA Tour renews threat of ‘disciplinary action’

The PGA Tour on Wednesday reiterated a warning to members who choose to compete on the LIV Golf Invitational Series and said those who do feature on the Saudi-funded breakaway circuit would be “subject to disciplinary action”. The field for the inaugural LIV Golf event — to be held June 9-11 at Centurion Club outside […]

Formula One appoints Shaila-Ann Rao as new interim head

Shaila-Ann Rao, who was previously a special advisor to Mercedes team boss Toto Wolff, took over as interim head of Formula One at the governing FIA on Wednesday in place of departed Peter Bayer. The Paris-based FIA, which voted in Emirati Mohammed Ben Sulayem as president last December to succeed departing Frenchman Jean Todt, thanked […]

How London became the Islamic finance capital of the West

London has in recent years cemented its position as a vital hub for Islamic finance thanks to history, circumstance and a concerted effort by the government to support the sector. With its strong financial infrastructure and burgeoning fintech space, the UK capital is primed to dominate Western Islamic finance for the foreseeable future. “London and […]

Finland and Sweden to continue NATO talks with Turkey

Finland and Sweden said on Wednesday they would continue a dialogue with Turkey over their bids for NATO membership, but did not say whether there had been progress on overcoming Ankara’s objections to their joining the military alliance. The Nordic neighbours applied to join NATO last month in response to Russia’s invasion of Ukraine, but […]

Nearly a fifth of UK monkeypox cases linked to travel

Nearly a fifth of monkeypox cases reported in the United Kingdom are linked to travel, Britain’s UK Health Security Agency(UKHSA) said on Wednesday. Recent foreign travel to a number of different countries in Europe within 21 days of symptom onset has been reported by 34 confirmed cases, or 18 percent of the 190 cases of […]

Building, Power Plant, Urban

UN nuclear watchdog urged to rebuke Iran, draft resolution shows

IAEA reported scant progress with Iran on uranium traces Report came after three-month process to revive dialogue West previously held off of sending resolution to Board Iran bristles at such moves, could hurt talks on 2015 deal The United States, France, Britain and Germany are pushing for the U.N. nuclear watchdog’s Board of Governors to […]

What’s eating meal delivery stocks?

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. Whatever happened to these lockdown winners? Meal delivery companies had a great run in the early days of the COVID-19 epidemic and strived as growth and tech stocks led the rebound from the COVID-19 market crash. Things couldn’t be more different […]

Person, Human, Suit

UK manufacturing growth hits 16-month low in May

British manufacturing activity expanded in May at the weakest rate since January 2021, as producers of consumer goods struggled against a worsening cost-of-living crunch, a survey showed on Wednesday. The final estimate of the S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May from 55.8 in April, unchanged from a preliminary […]

Qatar Airways ready to see $1bn Airbus dispute through to trial

Qatar Airways is ready to see its legal dispute with Airbus over flaws with the protective skin of A350 wide-body jets through to trial, the Gulf carrier said on Tuesday. Qatar Airways is suing the European planemaker in a UK court for $1 billion in damages after grounding about two dozen of its A350s experiencing […]

Russia’s Lavrov meets Gulf ministers, oil and Ukraine on agenda

Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with foreign ministers of the Gulf Cooperation Council countries (GCC).  Lavrov is expected to meet with ministers of Saudi Arabia, the UAE, Oman, Kuwait, Bahrain and Qatar in the GCC headquarters in Riyadh.  It was unclear what the meeting will […]

Chelsea FC's Stamford Bridge

Roman era ends as Abramovich completes sale of Chelsea FC

Roman Abramovich has completed the sale of Chelsea FC to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday. The consortium, which won the bid to acquire the London side earlier this month, received approval from the Premier League and the British government last week. A final […]

Dubai ranked most overworked city in the world

Dubai is the most overworked city in the world, according to a new global report out this week – but a workplace culture expert said this could be due to the type of workers the emirate traditionally attracts. Kisi, a New York-based cloud-based security systems provider, looked at the work-life balance in 100 global cities. […]

Ecclestone denies arrest for carrying illegal gun

Former Formula One supremo Bernie Ecclestone today denied he had been arrested in Brazil and said an illegal gun found in his luggage before boarding a flight was never used and had no ammunition. The 91-year-old Briton, now in Portugal, said a “silly, tiny little incident” had caused a lot of aggravation as he and […]

Zlatan Ibrahimovic helped AC Milan win the Serie A title this season

Bahrain’s Investcorp ends talks for AC Milan buyout

Investcorp and US fund Elliott have ended talks over the buyout of Italian soccer champions AC Milan, a top executive of the Bahrain-domiciled asset manager said. Reuters last week reported that Investcorp had put on hold its plans to purchase the club, which is owned by Elliott, clearing the way for US investment firm RedBird […]

Qatar Airways is suing Airbus for $1 billion in damages for idled planes

Qatar Airways and Airbus set for $1bn court battle in London

Airbus and Qatar Airways are heading towards a three-month summer trial next year after a UK judge granted the airline a relatively quick timetable while dismissing its procedural claims in a bitter safety and contractual dispute. The judge told a division of London’s High Court there was “public interest” in the outcome of the dispute, […]

Person, Human, Chair

Cryptocurrencies face regulation to avoid illicit dealings

Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their act before gaining complete acceptance from the World Economic Forum’s old guard. “The future of crypto, I’m sorry to say, looks regulated to me,” said Nela Richardson, senior vice president and chief economist […]

Clothing, Apparel, Person

Move over Hollywood, it’s Arab time at Cannes film festival

The Middle East is one of the big talking points among the international film set at this year’s Cannes Film Festival, especially the presence of Saudi Arabia which unveiled big-ticket incentives to lure Hollywood and Bollywood producers to the kingdom. “I think in the past [the Middle East] always had some sort of presence but […]

Rocketman’s jet-pack set to take off in the Gulf

A British technology firm which has developed jet suits allowing users to fly at altitudes of up to 12,000 feet has already sold some of its products in the region and is keen to set up a training facility in the Gulf. Based in Wiltshire, South-West England, Gravity Industries was launched in March 2017 and […]

Qatar already has a rich portfolio in the UK, including London's iconic department store, Harrods
  • Analysis

Qatar promise may trigger deluge of Gulf investments in UK

More Gulf sovereign wealth funds could make huge investments in the United Kingdom following a £10 billion commitment from Qatar. On Tuesday the UK and Qatar signed a new Strategic Investment Partnership which will see the emir state invest billions over the next five years in key sectors of the UK economy including  fintech, zero […]