Ikea announces sale in Russia ahead of exit as staff run through store in search of a bargain July 5, 2022 People were seen running through Russian Ikea stores to grab a bargain as the retailer announced it is holding a sale before quitting the country. Footage shared online reportedly showed people sprinting through a store, while the Russian-language site for the Swedish furniture giant reportedly went down under weight of demand. The flat-packing retailer announced [...]
Johnson will not ‘lecture’ Modi over Russia stance during India trip April 20, 2022 Boris Johnson will not “lecture” Narendra Modi about his unwillingness to condemn Vladimir Putin’s invasion of Ukraine during his trip to India this week, according to Number 10. The Prime Minister will arrive in India tomorrow for a two-day visit, which will include a meeting with Modi in New Delhi to speak about strengthening economic [...]
US-China tensions, tariff hikes and Russia sanctions force firms to look at ‘onshore’ supply chains January 16, 2023 Logistics executives increasingly believe top companies should look to bring their supply chains closer to home to avoid being impacted by trade wars, sanctions and other global shocks, a new survey has found. Supply chain managers increasingly see ‘onshoring’ and ‘near-shoring’ as a means of hedging against disruption to global trade caused by the Covid-19 [...]
Why gas – yes, gas – is set for a starring role in the green transition January 15, 2024 Natural gas is going to play a big role in bridging the world towards cheaper renewables, but not everyone's happy about it
How to revive the City? Embrace the ‘Bazball’ spirit, says Lloyd’s of London chair June 29, 2023 The City of London needs to follow the lead of the England cricket team and start playing Bazball, the chair of Lloyds of London said today.
Investing in distressed assets is only getting more complex, so is it worth the trouble? January 5, 2024 Recent geopolitical instability has added even more complexity to the world of distressed asset investment, writes Simon James.
We have weakened the very systems of international law we need to restore peace in Ukraine March 9, 2022 In the global and regional corridors of power, Russia’s place – as the successor to the Soviet Union – has made international diplomacy appear impotent. There has been continued human rights abuses abroad and on its own soil, and under Vladimir Putin’s leadership, there has been an almost total disregard for national sovereignty over the [...]
The resilience of Ukraine’s businesses proves we still understand too little about geopolitical risk March 3, 2023 Contrary to what many believed, Ukraine's businesses are strong in the face of war. They prove geopolitical risk affecting supply chains is more complex than it can look like, writes Chonchol Gupta
Russian invasion of Ukraine ‘inevitable and imminent as Putin has negotiated himself into a corner’, UK Defence Committee chair warns January 17, 2022 A Russian invasion of Ukraine is “inevitable and imminent”, the UK’s Commons Defence Committee chairman Tobias Ellwood has said. The Conservative MP made the claim in the wake of a massive cyber attack on Ukraine which left much of the country without heat, light and access to money. Speaking to the Daily Mail about the [...]
Customers face higher bills as Ofgem double Covid allowance for suppliers February 17, 2023 Ofgem has announced it will almost double the allowance it grants energy suppliers to recover some of the bad debt costs from the pandemic.