Oil prices have soared at the opening of the markets in asia following saturdays drone attacks on two Key Facilities in saudi arabia. The cost of brent crude rose by the most on record, after half the kingdoms output was taken out that accounts for roughly 5 of the worlds oil supply. Iran has dismissed us allegations that it was behind the strikes and accused washington of being deceitful. Our Asia Business correspondent Karishma Vaswani is in singapore. As you can see from the screens, the cost of crude oil is up about 10 for light crude and 11. 3 for brent crude. There was a surge of oil prices at the onset of asian trade, and one viewpoint pointed out a surge at the onset of trade, but now i think that traders are ingesting the information about when we might see a resumption in that shortage of oil supplies coming in from saudi arabia. Remember, asia is particularly exposed to this, given that it particularly exposed to this, given thatitis particularly exposed to this, given that
Expert in the us about the implications of the strike a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. Also a bbc investigation has found youtubes algorithm promotes fake cancer cures in a number of languages with misleading videos. Wed like to know how youve been impacted by this. Do algorithms mean you are inundated with information you dont want or need . Get in touch just use the hashtag bbcthebriefing. British Prime Minister borisjohnson is travelling to luxembourg later to meet the president of the European Commission, jean claudejuncker, to talk brexit. Theyll want to explore whether mutually agreeable amendments to the Withdrawal Agreement can be found that could find a majority in the british parliament. The bbcs tim allman explains. Talk about a baptism of fire. Boris johnson has only been in thejob talk about a baptism of fire. Boris johnson has only been in the job for a matter of weeks. In that time he has lost a cou
No, i dont, were going to get out and what we dont want is more pointless delay unimaginable destruction the Health Minister of the bahamas says he fears the number of People Killed by Hurricane Dorian will be staggering. And coming up in sport rain delays the start to day three of the fourth ashes test. Australia are in control, but can england fight back . Good morning. Welcome to bbc newsroom live. The former president of zimbabwe, Robert Mugabe, has died, at the age of 95. Mugabe was at the centre of his countrys struggle for independence from britain and became its first Prime Minister in 1980, before becoming president seven years later. His reputation as a hero of the Independence Movement was soon overshadowed by the brutality of his rule. In the early 1980s, thousands of people were massacred and tortured in matabeleland, and the suppression of human rights became a defining feature of his time in power. But for many africans, he remains an icon of liberation from white rule.
Lets dig deeper into what is going on in hong kong. Hong kong is braced for more demonstrations and a general strike called for monday and tuesday. The protests are the longest running political demonstration in the territory since the handover in 1997. Over the weekend, thousands of protesters blocked roads to the territorys main airport. Hong kong has a world class Financial Centre and stock market, and the tiny island has a gdp bigger than many industrialised countries. But its main bourse the hang seng has performed badly over the past month, with investors from the chinese mainland buying some 5. 1 billion of stocks. The protests are affecting the economy, particularly retailers. On friday, retail sales figures forjuly declined 11. 4 from a year earlier to just over 34 billion. Then theres tourism. Hong kong is one of the worlds most visited cities and the demos have been blamed forjuly monthly visitors numbers falling for the first time this year to 4. 8 from a year earlier to 5.
Over the weekend. For many there will be some sunny spells but i have the black wind arrows on here to give you an idea that it is unusually windy, guts potentially up to 50 mph, particularly on sunday. Goodbye. Hello, this is business live from bbc news with victoria fritz and sally bundock. Retail titans alibaba and walmart get ready to unveil their their latest numbers amid the shadow of the trade showdown between us and china. Live from london, thats our top story on thursday the 15th of august. Are the titans feeling the burn . Retail giants alibaba and walmart get set to reveal the fortunes of retailing in china and the us. Also in the programme. Market turmoil recession fears spark a big sell off on wall street but asia pares back earlier losses. This is what we are looking at the start of the trading day in europe. You can see it is pretty flat but equity sliding a little the red. Into the red. Also, the street food explosion vendors and food trucks are one of the trendiest way