Donald Trump's trade sanctions could have a "catastrophic" effect on the economy of rural Limerick, a TD has warned.

Russian billionaire Viktor Vekselberg yesterday quit as chairman of the largest aluminium producer in the world, UC Rusal, saying the heavily indebted firm was in deep crisis after a long battle with rival oligarch Oleg Deripaska.

CHELSEA football club owner Roman Abramovich is no longer one of Russia’s three richest men after being outranked by oligarchs who benefited from recovering oil and commodity prices.