Financial Times - oil producers spring surprise output cut of more than 1mn barrels a day

Summary of the front page

The Financial Times splashes on the revelations from oil producing nations that they will be cutting back production by more than a million barrels a day.

According to the paper, the move has put Saudi Arabia on a “collision course” with the US as it attempts to boost prices.

Today's top stories

gettyimages 2280200320

New York Times seeks to quash subpoenas for reporters’ phone records

The Justice Department sought to access phone records from several New York Times reporters regarding security concerns related to the Qatar-donated Air Force One. The Times moved to quash subpoenas issued for these records, citing improper government tactics, with a hearing scheduled for Thursday.

SEI 267591840 42e8

Russian warship conducts live-fire exercise off Plymouth coast

A Russian warship conducted a live-fire artillery exercise 40 miles off Plymouth’s coast, monitored by the Royal Navy. The Russian frigate Neustrashimy notified HMS Tyne of its intentions before the 30-minute operation, which required the patrol vessel to maintain a safer distance.

696x392 cmsv2 94d8a660 ab60 5517 8c13 1d7a32a7464b 9844651

Montenegro’s accession finances may set EU budget precedent for future members

Montenegro’s EU accession process could establish a significant precedent for financing future enlargements, with the European Commission proposing a financial package of €3.2 billion. This amount underscores complex budget discussions as member states debate the implications for the EU’s long-term budget negotiations.

reuters 6a5ee6e4 1784604388

China and Philippines exchange blame after sailor injured in sea incident

China and the Philippines are exchanging accusations following a maritime incident near the Second Thomas Shoal that resulted in injuries to a Philippine sailor. The Philippine military alleges a Chinese coastguard vessel harassed their outpost, while China claims the Philippine boats initiated the confrontation.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement