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Headlines

UK charges Glencore’s former billionaire head of oil with corruption payments

Shell's boss signals that Europe’s energy crisis has ended

- Paul Marshall is in advance talks with Spectator Magazine

- Titanic manufacturer Harland & Wolff receives lifeline loans

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After a lengthy investigation into accusations of corruption by UK listed commodity trader Glencore in Africa, the UK Serious Fraud Office charged billionaire former head of oil Alex Beard along with four other ex-executives of conspiring to pay corrupt payments.

Shell's chief executive has announced that the energy crisis is over in Europe. Market prices and volatility are returning to their levels prior to Russia's invasion of Ukraine on a full scale in February 2022.

Paul Marshall, the hedge fund tycoon who owns the Spectator weekly magazine is currently in advanced negotiations to buy it. This puts him in a leading position to assume control of the conservative title.

Harland & Wolff secured a $25 million loan, giving the shipbuilder a temporary boost after its application for a finance guarantee of 200 million pounds ($254.38 millions) was rejected by the UK Government in July.

(source: Reuters)