European stocks are down a little bit, a lot of focuses on trade. A lot of focus on what happens next. We heard from donald trump saying hes not ready to roll back tariffs, some and we heard from his advisors last week. The focus is on alibaba as a litmus test of the strength of the chinese economy for a single day and the numbers are staggering. China approving new loans coming it 661 billion yuan. Pound at 1. 2805. We will be speaking to u. K. Chancellor, that interview was later today. Lets getntime straight to bloomberg first word news here in london. Spain has left more ungovernable than ever. Their leader now has fewer lawmakers than before, he now faces torturous negotiations to form a government. Australia is bracing for another week of devastating bushfires, flames in the eastern seaboard and even areas of great sydney are facing catastrophic threat. More people have died and than 150 homes destroyed as fires rip through areas hit by a two year drought. Chinas consumer inflati
Messages of support for former wales rugby captain, Gareth Thomas, police in hong kong fire tear gas who has revealed he is hiv positive. And water cannon to disperse england get a crucial wicket pro democracy protesters. Steve smith caught for 23 as they edge towards victory messages of support for former wales rugby captain Gareth Thomas, who has revealed he is hiv positive, in the final ashes test. Saying he wants to help reduce the stigma around the condition. From the small screen to the big green democrats green, hugh bought boulton and maggie smith are among sport, and time for a full round up the stars who have reassembled at from the bbc sport centre. Downton abbey. Find out what mark kermode made of this and the rest of a very good afternoon to you, the weeks and the releases in the lets start at gleneagles, film review. Where the solheim cup has just reached a very dramatic conclusion. It is the final day between europe and the usa and in the last few seconds, europe have wo
And we meet the 97 year old former Fighter Pilot taking to the skies to mark battle of britain day. Good morning. Its 8am in singapore, and 1am in london. 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. With me is bob mcnally, president of Rapidan Energy group in washington. He served in the Bush Administration as its top energy advisor. Hejoins me now. Thank you so much forjoining us. Firstly, the us says that this was an unprecedented attack and indeed there has been a very significant market movement. How significant is this, in your view . Well, it is justified. Crude oil now in asia is trading 10 or more. That is justified. The folks who atta
Global oil prices have hit their highest in four months after two drone attacks on Saudi Arabian facilities on saturday. Brent crude has jumped 10 to over 66 a barrel. Aramco is the Worlds Biggest Oil producer and one of the worlds most profitable businesses. Around 5. 7 Million Barrels a day have been cut by the attacks, thats roughly half of saudi arabias oil production. Oil prices have eased back slightly after us President Donald Trump authorised the release of us reserves. Aramcos affected facilities at khurais and abqaiq produce around 8 of the worlds oil supply. Bob mcnally served in the Bush Administration as its Senior Energy advisor. Hes now president of the Rapidan Energy group in washington. He thinks there are genuine reasons to be concerned about the impact of the attack tx vt next as long as the us and saudi arabia on one side and iran on the other remain in this conflict, we will build on a risk premium. It is getting very serious. This is not simplya getting very serio
The attacks sparked huge fires at the abqaiq plant the Worlds Largest Oil Processing facility as well as an oil field about 100 kilometres away. There are concerns that Global Oil Supplies may be affected with reports saying as much as half of saudi arabias output could be disrupted. Jon donnison has the latest. These were audacious attacks at the heart of the saudi oil industry. The abqaiq processing plant, one of the Worlds Largest, engulfed in flames after apparent drone strikes. The kingdoms second Largest Oil Field at khurais was also hit. On a houthi owned tv channel, a military spokesperson for the group said it was behind the attacks. Translation this Mission Comes as part of our legitimate and natural right to react to the crimes, of the aggression and its continuous blockade on our country for the past five years. The war between a Saudi Led Coalition and iranian backed Houthi Rebels in yemen began in 2015. Saudi air strikes have left thousands dead and left millions on the b