Terrorists. Thats from britains science chief as he slams u. S. Tech company for turning a blind eye to misuse of their services. And u. S. Voters head to the polls today with the key Midterm Elections deciding which Party Controls congress and whether there will be two more years of political gridlock in washington. Youre watching Worldwide Exchange, bringing you Business News from around the globe. And we have to kick off with our top story, which is oil today. Of course, its down 27 since it peaked in 2014. June and down over 10 since the start of october, down 1. 6 , as you can see so far today. Really, quite an astonishing move yesterday. In fact, it was up at the start of day when the saudis announced they were going to be increasing the price to the far east and then they announced they would be cutting to price to the u. S. Seeing a sharp selloff as we went through the course of the day. Even though i think theres a bit of complacency in the longterm oil price, in the shortterm
She makes her first appearance since she got her new post. And the french president is set to talk trade and iran with barack obama as the two get down to business. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome. Miss yellen is on the agenda. In the spotlight. Its not officially called that, any more. Not the old hump. Other things on the show cat walk cash. That would be you . That would be me. We find out what the top trends are in new York Fashion Week. Glencore ex strat what has posted higher output. We got chinese copper prices down in twomonth lows. Well have a discussion on that. And were talking about this yesterday, nestle cuts back its stake in lori el. Well get all the details from paris. But first, barclays shares are lower after earnings came down to 5. 2 billion pounds in the Fourth Quarter. The bank says its still increased its bonus pool last year. At the same time, the bank says it will cut another 12,000 j
The food Group Warning it could miss targets again this year well be speaking to the ceo in just over an hour. And italys Prime Minister fights for his political future. A challenge from within his own party destabilizing the countrys Coalition Government. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And warm welcome to the show. Well be out with jules in rome in just a few seconds. First of all, lets get the latest on the ias incident every national report, the International Energy agency. Theres bitterly cold weather pushed up demand for heating fuels. Total oecd industry stocks plummeted by a further 66 million barrel necessary december. Global supplies are falling to 92. 1 Million Barrels a day on lower nonopec output in january. Supply from opec rose marginally in january. Growth rebounded the second half of 2013, but nonoecd countries still accounted for more than 90 of Global Growth of 1. 2 Million Barrels a day as a whole. Thats