Nikita Mazepin: I lost my seat in Formula 1 because of ‘cancel culture against Russia’ April 7, 2022 Russian motor racing driver Nikita Mazepin says he is a victim of “cancel culture” following his sacking by Formula 1 team Haas. Mazepin lost his seat at the US outfit on the eve of the 2022 season when Haas cut all ties with Russia in the wake of its invasion of Ukraine. Haas’s main sponsor [...]
As we pay for Putin’s energy war, we must also protect our future supplies September 14, 2022 Liz Truss’ government has finally arrived as the country heads towards a pivotal winter. There’s been ceaseless debate about what its much anticipated support package should include, but the fundamentals were always clear. First, it is expensive to protect ourselves from Russian manipulation of gas markets we rely upon. Second, we must put all efforts [...]
Wimbledon confirms ban on Russian and Belarusian tennis stars including Daniil Medvedev and Aryna Sabalenka April 20, 2022 Wimbledon has confirmed that it will ban Russian and Belarusian tennis stars, including former men’s world No1 Daniil Medvedev, due to the Kremlin’s war in Ukraine. Medvedev and women’s No4 Aryna Sabalenka are the highest ranked players affected by today’s announcement from the All England Club. Others impacted are the former women’s world No 1 [...]
Uefa to sever ties with Gazprom over Ukraine invasion February 25, 2022 Uefa is reportedly in talks to sever all ties with Russian sponsor Gazprom following the Kremlin’s invasion of Ukraine. The governing body has set this course of action even though the 10-year partnership with Gazprom has been one of the most lucrative for Uefa, the i paper exclusively reported. Following calls to strip Russia of [...]
European Central Bank fires record rate rise shot to tame scorching inflation September 8, 2022 The European Central Bank (ECB) today hiked interest rates by the biggest amount since its creation in 1999 as it steps up its fight against a historic inflation surge on the Continent. President Christine Lagarde and co lifted borrowing costs in the bloc of 19 countries using the euro 75 basis points. The move takes [...]
High Court judge says it would be unfair to force Ukrainian billionaires to fight $4.2bn fraud trial April 7, 2022 A High Court Judge has halted a $4.2bn fraud trial after claiming it would be unfair to force two of Ukraine’s richest men to fight the court battle due to Russia’s invasion of Ukraine. The High Court Judge adjourned the court battle between Ukraine’s biggest bank, Privatbank, and Ukrainian billionaires Gennadiy Bogolyubov and Ihor Kolomoisky, [...]
Liz Truss could be the gear shift Britain needs September 6, 2022 Should you be in need of a slightly bitter laugh during your lunch break, we recommend you pop down an internet wormhole and find the video of Britain’s former business secretary and now Net Zero czar Alok Sharma proudly pressing the red button on the demolition of SSE’s Ferrybridge coal plant. It is just over [...]
Eurozone edges nearer to recession while UK economy ‘stalls’ July 24, 2023 The European economy has edged closer to recession, while the UK is on the brink of slipping into negative growth, closely watched surveys out today reveal. A snapshot of the eurozone’s respective economies showed high inflation and the European Central Bank’s (ECB) efforts to tame it with interest rate rises is cooling activity. Hamburg Commercial [...]
Citigroup unsure about future of Ukraine operations as cyber attacks loom March 3, 2022 Citigroup’s chief executive Jane Fraser is unsure about the future of the group’s Ukraine operations following the Kremlin’s invasion. The bank, which has helped some of its Ukrainian staff evacuate from the country, said today some employees have remained to help clients in the country but it’s not clear how long they will be able [...]
Oil prices plummet as Russia-Ukraine peace talks show signs of promise March 29, 2022 Oil prices nosedived on Tuesday afternoon across both major benchmarks - extending losses from the previous day.