Britain to cut foreign aid

Sixteen countries including Angola, Kosovo, Bosnia and Vietnam will no longer receive aid from Britain, the Government is expected to announce. Russia, China, Vietnam, Cambodia, Moldova and Serbia are among those set to be stripped of…

Oil price rises above $112 per barrel

Brent crude rose above $112 a barrel on Tuesday as continued unrest in the Middle East and North Africa threatened to further reduce crude supplies even as Saudi Arabia ramped up output to cover Libyan exports. Gains were capped as…