New Basel regulations due to take effect in 2019 will create need for 2,000 staff. Some of the world’s biggest banks are set to spend more than $200m each to implement new regulations that will dramatically increase capital demands for some parts of their trading businesses. Source: FT
Libya’s state oil company said on Tuesday that it has halted crude exports at its Zawiya terminal due to falling production after an attack in which four workers were kidnapped Source Journal du Cameroun
At least five people have been killed since the beginning of protests in southern Iraq’s oil hub earlier this month, as security forces respond with a hard hand while thousands continue to take to the streets over rising unemployment and chronically lacking public services. Source: Oil Price
Italy’s far-right Interior Minister Matteo Salvini said during a visit to Moscow on Monday that he wanted to see EU sanctions against Russia dropped “by the end of the year”. Source: The Local
