Joining us is our european editor, andrew, who met oneonone with Prime Minister cameron. A big question was whether the rereview would address the capability concerns. What did the Prime Minister tell you . Andrew i got the chance to sit down Prime Minister cameron for a few minutes just before the defense review and he was quite clear that the message from the review was that it was not shrinking from the world stage but remains engaged with global reach. You also asked him how the u. S. Would respond to this. What did he tell you . Andrew he said he spoke to Preston Obama in turkey recently president obama in turkey the word was that obama was clearly delighted by the british choices. Those who have e worried about his military uld abilities particularly in the wake of the 2010 review that struck the aircraft carriers and other capabilities how does this review stand in contrast to what we saw five years ago . Andrew a sharp contrast to the review five years ago. This time, the repor
The market. That is the decision at a summit today in vienna. It is great for consumers looking for cheap oil. 72 a barrel now. The decision was spearheaded by saudi arabia. It made clear it does not have any intention of curbing production despite pleas from others in the market. Even as opec discussed production levels, the price of crude oil continued to fall on thursday. Cartel members dont want to project in amick of panic and agreed to leave volumes study. Four years we have a very decent price. That does not mean we should really rush and do something. We have to wait and see. The current oil has triggered a drop in revenue. Two years ago a barrel cost 120. Since then the price has fallen by one third. Oil production remains high, but demand is not keeping up. Economic growth has slowed in china and europe and u. S. Oil production has risen with the fracking of oil. Opinions differ on opec members and the cant agree to bolster prices. The fair price is where we can invest and wh
Countrys east as a government offensive continues around donetsk and the international airport. Those claims are likely to add to the attention surrounding highstakes talks in berlin on wednesday and the on wednesday, aimed at stemming if i can violence. We will be going to care for the latest. First, this report. Destruction on the outskirts of donetsk following the most intense fighting in weeks. Just a few kilometers away life the airport, or what is left of it. Ukrainian Authorities Say that prorussian separatists began firing on the airport from this neighborhood and they had little choice but to return fire. Local residents are caught in the middle. After the first explosion, we all fell to the floor. After a minute or two, with there was another explosion and we heard people screaming. When we went outside, we heard crying and sobbing at one of our neighbors was injured. My neighbors has been was dead. We called an ambulance. My neighbors husband was dead. We called an ambulance
Oil will continue to flood the market. That is the decision at a summit today in vienna. It is great for consumers looking for cheap oil. 72 a barrel now. The decision was spearheaded by saudi arabia. It made clear it does not have any intention of curbing production despite pleas from others in the market. Even as opec discussed production levels, the price of crude oil continued to fall on thursday. Cartel members dont want to project in amick of panic and agreed to leave volumes study. Four years we have a very decent price. That does not mean we should really rush and do something. We have to wait and see. The current oil has triggered a drop in revenue. Two years ago a barrel cost 120. Since then the price has fallen by one third. Oil production remains high, but demand is not keeping up. Economic growth has slowed in china and europe and u. S. Oil production has risen with the fracking of oil. Opinions differ on opec members and the cant agree to bolster prices. The fair price is
European union to have it loan requested extended by six months. The reaction from berlin was no. The german finance minister said the request lacked a proposal for a solution and accused greece of trying to keep the bailout without meeting the terms. There is only a week left until greece defaults on its debt. It was a previously unthinkable move. In accepting continued supervision by the ecb, imf, and eu the greek government recognized financial obligations to its creditors, but in talks to eurozone finance ministers athens called on its partners to show understanding for the countrys financial difficulties. I believe all the conditions are there for a mutually beneficial solution tomorrow. And i believe this will be the result at tomorrows euro group. If any case, if there is a negation of this huge effort that has been made, each person will have to take responsibility. But in a frank statements, for german finance statement the german finance minister did not hide his disappointme