The Qatar crisis is reverberating in Libya, inflaming political divisions in Libya and dragging Glencore into a dispute over crude sales. The row involves competing administrations of the National Oil Corp. that are vying to control crude exports from the OPEC member. In eastern Libya, the military is backed by Saudi Arabia, the United Arab Emirates and Egypt. Source Libya
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Israel’s intelligence and transportation minister has called on Saudi Arabia’s King Salman to invite Prime Minister Benjamin Netanyahu to Riyadh to establish full diplomatic relations. Source Aljazeera
George Soros, the billionaire who earned fame by betting against the pound in 1992, said Britain was approaching a tipping point that would see the economy slow to such an extent that Brexit might even be reversed. Source Reuters
Germany’s Thyssenkrupp (TKAG.DE) said it planned cost cuts worth at least 100 million euros ($112 million) to meet financial targets at its troubled unit that engineers industrial plants and builds ships, despite early signs of improvement. Source Reuters