Germany teetering on edge of recession that risks dragging rest of Europe down with it January 30, 2023 Germany is teetering on the edge of a recession after fresh figures out today revealed its economy unexpectedly contracted in the final months of last year. German output dropped 0.2 per cent over the last quarter, below the flatline consensus forecast by investors. The shock GDP undershoot raises the risk that the wider eurozone economy [...]
OneWeb moves ahead with Soyuz launch despite Russian invasion March 2, 2022 Broadband firm OneWeb moves forward with its plans to launch satellites using Russian rockets, despite the ongoing invasion of the Kremlin in Ukraine. According to reports by The Times, the tax-payer backed company has paid for 36 satellites to be sent into orbit from Russian firm Baikonur Cosmodrome, which are set to launch using Soyuz [...]
Retail investors spooked as equity sell-off continues March 16, 2022 Retail investors have shunned US stocks in the past week as a bargain-hunting frenzy began to falter amid a continuing slide in equity markets.
Satellite firm Viasat investigates Ukraine broadband cyberattack following Russian invasion February 28, 2022 Satellite communications firm Viasat said this morning that it would be investigating a suspected cyberattack that caused a partial outage in its residential broadband services in Ukraine and across Europe. The US-listed company said a third-party cybersecurity firm was looking into causes of an outage across KA-SAT network, which provides high-speed satellite internet coverage in [...]
US inflation slumps to lowest level in more than two years and is now well below UK July 12, 2023 Inflation in the US has slumped to its lowest level in more than two years and is now far below the UK’s rate, official figures out today reveal. American inflation fell to three per cent in June on an annual basis, down from four per cent in the previous month, according to the US Labour [...]
Battle for Kyiv begins as residents flee into bomb shelters: Kharkiv, Sumy and Mariupol also suffering heavily March 9, 2022 An air alert has been declared in and around Kyiv, where residents in Ukraine’s besieged capital city are urged to get to bomb shelters as quickly as possible as it appears the battle for the capital is beginning. “Kyiv region – air alert. Threat of a missile attack. Everyone immediately to shelters.” regional administration head [...]
White House cybersecurity lead to help NATO prep for potential Russian cyberattacks February 2, 2022 The US has sent its top cybersecurity official to NATO in a bid to prepare European allies for potential Russian cyberattacks. Intelligence assessments suggest that Russia would issue cyberattacks on Ukraine’s electricity grid, its communications systems and its government, prior to invading. The relationship between Russia and Ukraine has been turbulent since Ukraine gained independence [...]
Justice secretary heads to Europe’s top court to aid Russian war crimes probe March 13, 2022 The UK’s justice secretary is set to visit Europe’s top court to help with the investigation into Russian war crimes during the ongoing invasion of Ukraine. Prime minister Boris Johnson accused Russian president Vladimir Putin of indiscriminately “sending missiles into tower blocks to kill children” at the beginning of the month, prior to the destruction [...]
EU prepares to cut down gas demand ahead of cold winter months amid Russian disruption July 14, 2022 The EU will encourage member states to cut down the continent's gas demand by incentivising industries to use less energy.
Windfall tax u-turn drags down London-listed energy titans May 27, 2022 London-listed energy companies that will be caught by Chancellor Rishi Sunak’s windfall tax tumbled during opening exchanges today. The capital’s premier FTSE 100 index was flat this morning at 7,564.82 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.52 per cent to 20,354.82 [...]