The U.K. appointed Robert Hannigan as director of GCHQ, the national security listening post, as the organization faces fallout from leaks and tensions over how much access spies should have to civilian data.
The U.S. and European Union deliberated deepening sanctions against Russia for stoking unrest in eastern Ukraine, while President Vladimir Putin said he’s being called on to intervene in the former Soviet republic.
Brent and West Texas Intermediate crudes rose to five-week highs as tension escalated between Ukraine and Russia, the world’s biggest energy exporter. Brent’s premium to WTI widened for the first time in seven days.
European officials weighed expanding sanctions against Russia over Ukraine, where they say the government in Moscow is stoking deadly separatist unrest with the same methods it used to destabilize and annex Crimea.
As the European Union steps up its response to Russian president Vladimir Putin’s annexation of Crimea, German companies are urging caution lest sanctions harm their business ties -- and Europe’s shaky economic recovery.