Siemens refutes Gazprom claims for Nord Stream pipeline shutdown September 6, 2022 Gazprom's claims that the Nord Stream 1 pipeline is down due to faulty equipment were called into question by Siemens Energy.
Kremlin orders seizure of gas facility which Shell has 27 per cent stake in worth £3.4bn July 1, 2022 Russia’s President Vladimir Putin has ordered the seizure of a gas facility in the county which UK firm Shell has a 27 per cent stake in. The Kremlin signed a decree to take control of rights of the Sakhalin-2 plant, which will be transferred into Russian hands. This comes as Moscow continues to come under [...]
Evraz profits plunge 99.5 per cent as sanctions hit August 4, 2022 Russian steel giant Evraz saw its profits fall by 99.5 per cent in the first half of the year after sanctions were slapped on the firm in May and demand for its products dried up.
Domino’s Pizza franchise firms clash over ‘unsolicited’ takeover bid December 5, 2023 London-listed DP Eurasia has taken a swipe at Jubilant Food Works over its "unsolicited" takeover bid for the firm.
Cleverly defends China visit plans and pledges to use UK’s global ‘influence’ June 29, 2023 Foreign secretary James Cleverly has defended a possible trip to China as he argued that international reforms cannot happen without recognising Beijing’s global financial influence. Cleverly confirmed last week that he is “looking at the options” for a potential visit to China – the first by a UK foreign secretary since Jeremy Hunt went in [...]
Octopus edges toward Bulb takeover as £4bn saga nears its end October 8, 2022 Octopus is edging closer to taking over fallen rival Bulb, bringing to an end the biggest state bailout since RBS in 2008.
Prigozhin death a needed reminder the West cannot sit back on its laurels August 24, 2023 It is a sad fact of life that war fatigue exists. When the Russians invaded Ukraine in February of last year, it was on our front page day after day. That isn’t the case anymore, even if the daily devastation wrought on Ukraine remains much the same. Indeed sometimes it is easy, almost, to forget [...]
Most challenger banks admit to only ‘occasional’ sanctions screening August 23, 2023 More than half of challenger banks have admitted to only performing occasional sanctions checks, according to a recent survey. Only a quarter of the challenger banks it surveyed said they always perform the appropriate screening processes. A total of 54 per cent of challenger banks admitted to performing checks regarding sanctions or politically exposed persons [...]
Moscow will cover Russian oil tankers hit by UK and EU insurance ban, Putin ally says June 8, 2022 Vladimir Putin’s right-hand man has said Moscow will cover Russian oil tankers to ensure they are able to continue making deliveries, if they are unable to get insurance due to Western sanctions. Speaking via messenger platform Telegram, former Russian president and key Putin ally Dmitry Medvedev said the Kremlin will cover uninsured ships, through assurances [...]
More support with energy bills unlikely this winter, admits Grant Shapps August 7, 2023 Grant Shapps has warned households are unlikely to receive fresh support from the government this winter for their energy bills.