BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]
Fund flows show sign of rebound after March exodus May 5, 2022 Fund flows showed signs of recovery in April after outflows surged for a third consecutive month in March in the face of tightening monetary policy and war in Ukraine.
Biden gives Putin final warning: Use chemical weapons and NATO will get involved March 25, 2022 US President Joe Biden and western allies have pledged new sanctions and humanitarian aid in response to Vladimir Putin’s assault on Ukraine, but their offers fell short of Ukrainian President Volodymyr Zelensky’s pleas. Biden also announced the US would welcome up to 100,000 Ukrainian refugees — though he said many probably prefer to stay closer [...]
Ukrainian engineers fight back against Russian cyber attacks March 8, 2022 IT professionals in Ukraine have been fighting the raging cyber war against the Russians as Kremlin forces invade its cities. As reported by Computer Weekly, data and communications industry engineers have been working from bomb shelters and local communities to maintain internet connection throughout Ukraine’s cities. It comes as Russian forces have tried to intercept [...]
UK takeover bids tumbled amid banking crisis fears – as private equity firms smell bargains April 12, 2023 Takeover attempts in the UK tumbled sharply in the first three months of the year as fears of a global banking crisis roiled markets and spooked the City’s dealmakers.
London’s top indexes give up gains as Moscow assault of Ukraine ramps up March 10, 2022 London’s top indexes gave up some of their gains yesterday as investors fretted over a ramping up in Moscow’s invasion of Ukraine. The capital’s premier FTSE 100 index dropped 1.27 per cent to 7,099.00 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.57 per [...]
Poles apart? EU closes in on Russian oil price cap but awaits Poland’s approval December 1, 2022 The EU is poised to agree a $60 price cap for Russian seaborne oil shipments, with Poland the only remaining holdout.
US and China plan talks on economic growth April 6, 2024 The two sides will hold “intensive exchanges” on more balanced economic growth, according to a US statement.The two sides will hold “intensive exchanges” on more balanced economic growth, according to a US statement
UK economy ambles into period of sluggish growth April 11, 2022 The UK economy has entered what is expected to be a protracted period of sluggish growth, official figures released today reveal. The early signs of inflation and tax hikes dealing a heavy blow to Brits’ spending are emerging in new GDP figures published by the Office for National Statistics (ONS) today. The economy grew just [...]
Turkey’s Erdogan looks to block Sweden and Finland’s application to Nato May 17, 2022 Sweden and Finland are facing opposition to their Nato application bid from Turkey, who called them a “hatchery” for terrorist cells. Ankara’s president Recep Tayyip Erdoğan threatened to block their fast-tracked ascension to the military alliance, because of the Scandinavian countries’ willingness to host his opponents. For Stockholm and Helsinki to be added to NATO, [...]