Grab ’em by the Porsche: EU plans to confiscate and sell Russian oligarchs’ cars, villas and other assets May 25, 2022 The EU’s executive body, the European Commision, is planning to roll out proposals to allow EU countries to confiscate assets belonging to Russian oligarchs, and then to sell them off. Assets that are currently frozen by authorities across EU member states should be sold, rather than merely frozen, two EU officials told the publication Politico. [...]
Oil markets sustain rally as EU commits to Russian embargo May 31, 2022 Oil prices continued to rise today, after the EU finally agreed to a phased and watered down ban on Russian crude imports.
Siemens loses £512m as it gears up for full Russian exit after 170 years May 12, 2022 Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years.
Liontrust: Investors pull £2bn in three months – but pre tax profits set to beat expectations April 19, 2023 Asset manager Liontrust said it had been a “challenging” year today as it reported heavy outflows in the final quarter of the year and a tumble in its managed assets.
Moscow recruiters race to find more soldiers for Russian Army as tense Kremlin scrambles to replace mounting losses in Ukraine April 18, 2022 Tens of thousands of vacancies are currently inviting Russians to sign up to join their country’s army, with double pay offered to those willing to serve in Ukraine. The Russian employment agency HeadHunter offered 3,000 military vacancies in the last few weeks, three times as many as in the whole of 2019, while its rival [...]
BP claws more money back from former boss Looney and pays new chief £8m after 2023 profit beat March 8, 2024 BP CEO Murray Auchincloss said the firm will be "super focused" on returns
Ofcom to widen UK satellite regulation as the number of space launches explodes March 15, 2022 The UK’s broadcast and communications regulator is set to embed itself further into the space sector as the increasing number of satellites in orbit calls for a more hawkish watchdog. Ofcom will oversee the radio spectrum – an essential part of wireless communications – to ensure it is used efficiently as more people and businesses [...]
Shell announces exit from Russian assets following Downing Street pressure February 28, 2022 Shell will exit is joint ventures with Gazprom following intense government pressure to divest from Kremlin-backed assets.
Explainer-in-brief: Blackouts? What blackouts? October 7, 2022 Liz Truss was in Prague yesterday telling European leaders they’ll need to help to keep lights on across the continent this winter. This came as the National Grid warned that we could be faced with rolling blackouts if we don’t import enough energy. How have we come to this? Go back to a year ago, [...]
OneWeb suspends satellite launch following Russian invasion March 3, 2022 Broadband firm OneWeb has said it will be suspending its Baikonur satellites launches following the ongoing invasion of the Kremlin in Ukraine. The tax-payer backed company came under fire for supposed plans to go ahead with the launch of 36 satellites using Russian Soyuz rockets. A spokesperson from OneWeb said this morning: “The Board of [...]