Joe Mellor

Joe Mellor

Head of Content

Credit;Reuters

Britain acted unlawfully on Saudi arms exports, court rules

A British court on Thursday ruled that the British government had acted unlawfully in allowing arms exports to Saudi Arabia that might have been used in the conflict in Yemen. "The Court of Appeal has concluded that the process of decision-making by the government was wrong in law in one...

The MQ-4C Triton unmanned aircraft system prepares to land at Naval Air Station Patuxent River, U.S., after completing an approximately 11-hour flight from Northrop Grummanis California facility, U.S., September 18, 2014. U.S. Navy/Handout via REUTERS

Iran shoots down U.S. military drone in Gulf region

Iran has shot down a U.S. drone which the elite Revolutionary Guards said on Thursday was flying over southern Iran, raising fears that a major military confrontation could erupt between Tehran and Washington. Guards website Sepah News said the "spy" drone was brought down over the southern Iranian province of...

Brexit risks not fully priced in by market

Brexit risks are not priced in by bond markets and Britain's exit from the European Union could turn more bitter than expected, Anthony Linehan deputy director at Ireland's debt management agency warned on Wednesday. "To me (Brexit) is an area that isn't priced into markets and it can't be because...

UK housebuilder Berkeley annual profit slumps

Housebuilder Berkeley Group Plc reported a slump in annual pretax profit on Wednesday, as Britain's housing sector remains under pressure from uncertainty ahead of the country's exit from the European Union and builders face higher costs. Berkeley reiterated that pretax profit for 2019-20 is expected to fall by around a...

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