London’s top indexes edge higher as investors mull next Russia-Ukraine developments March 1, 2022 London’s top indexes jumped this morning as investor fears over the potential fallout of economic sanctions levelled against Russia tempered. The capital’s premier FTSE 100 index added 0.2 per cent to rise to 7,473.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, edged down 0.07 [...]
France and Germany evaded Crimea embargo to sell weapons to Kremlin, analysis says April 23, 2022 France and Germany evaded an EU ban set in 2014 and sold weapons to the Kremlin, which are now used in Moscow’s invasion of Ukraine. According to an EU analysis exclusively reported by the Telegraph, Paris and Berlin sent €273m worth of equipment, going against an arms’ ban imposed following the 2014 war in Crimea. [...]
Oil prices recover as Russia demands rouble requirements for gas payments March 30, 2022 Oil prices have rebounded nearly four per cent on both major benchmarks, as the economic conflict between the West and the Kremlin escalated.
London firms sweat over looming inflation spike April 12, 2022 Accelerating inflation is dealing a severe blow to London businesses just as they are pushing to repair the damage inflicted on them by the Covid-19 crisis, reveals a fresh survey published today. Russia’s invasion of Ukraine has swelled businesses in the capital’s energy bills by sending oil and gas prices soaring. Over six in 10 [...]
Big Four auditors KPMG, EY, and PwC seek to distance themselves from Russia March 1, 2022 The Big Four auditors have sought to distance themselves from Russia, after the UK government told City of London companies not to work on behalf of the Putin regime. In a post on Linkedin, Jon Holt, chief executive of KPMG’s UK division, said KPMG will be “ending” some of its client relationships in order to [...]
Market stabilisation charges yet to be triggered confirms Ofgem May 17, 2022 Market stabilisation charges have not yet been applied to the domestic energy market, revealed regulator Ofgem.
Crackdown on misinformation: TikTok suspends live streaming in Russia March 6, 2022 TikTok have said it will be suspending live streaming and new content in Russia as the social media firm faces questions about the spread of misinformation. However, the Chinese tech giant has said that the in-app messaging will not be impacted in Russia as the company evaluates its safety measures, according to reports from Reuters. [...]
Decathlon suspends activities in Russia after boycott calls March 29, 2022 Decathlon’s French tycoon owners have suspended activities in Russia after criticism following the invasion of Ukraine. The Mulliez family, who own Decathlon alongside DIY retailer Leroy Merlin and food firm Auchan, has faced boycott calls this week. “In strict compliance with international sanctions, Decathlon notes that the supply conditions are no longer met to continue [...]
Car makers suspend production and sales in Russia February 28, 2022 Some of the world’s biggest car makers have decided to suspend production and sales in Russia, following Putin’s invasion of Ukraine. Volvo, the world’s second largest automotive manufacturer, decided to halt the delivery of cars to local Russian dealership, while Volvo said today it was suspending both sales and production, Russian news agency RIA first [...]
US lessor Air Lease says 21 jets stranded in Russia April 12, 2022 US leasing company Air Lease Corp said today 21 of its jets were still stranded in Russia after the company terminated all contracts with the sanction-hit country. Air Lease did not reply when asked about how it could get its aircraft back, but it is believed it could claim insurance following the Kremlin’s decision to [...]