G7 leaders commit to phasing out Russian oil May 8, 2022 Leaders of the world’s richest economies today committed to banning imports of Russian oil in a further ratcheting up of sanctions against Vladimir Putin. G7 chiefs have committed “to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian oil,” the White House said in a statement yesterday. [...]
World Economic Forum kicks off first Russian free Davos meeting since the fall of the Soviet Union May 22, 2022 The World Economic Forum (WEF) has refused to invite a single Russian to its annual conference in Davos this week, in what is set to be the first Davos conference without any Russians since the fall of the USSR. The WEF’s annual meeting – which is set to be the first in-person Davos conference since [...]
Wise keeps its head above water as big banks look for slice of the payments pie January 10, 2024 The London-listed fintech is starting to face competition from bigger, more established lenders, as well as new challengers looking for a slice of the payments action.
Moscow halts cooperation on International Space Station over ‘illegal’ sanctions April 2, 2022 The Kremlin announced today it will halt all cooperation on the International Space Space Station after Western countries imposed a blanket of sanctions on Moscow following the Ukraine war’s outbreak. Dmitry Rogozin, head of Russia’s space agency Roscomos, said it will no longer work with partners such as NASA and the European Space Agency as [...]
Manufacturing firm Essentra’s revenue up after pandemic and ‘supply chain headwind’ March 18, 2022 Plastics and fibre manufacturer Essentra experienced a a spike in revenue in 2021, as it continues to weather the storm of supply chain problems impacted by the Ukraine war. The FTSE 250-listed company had an increase in overall revenue to £960m, up from £897m in 2020, representing a seven per sent rise. Its pre-tax profit [...]
Onshore wind set for revival as backbench pressure weighs on Government November 28, 2022 The seven year de-facto ban on new onshore wind projects could finally be lifted, after Grant Shapps hinted at a possible U-turn.
Oil prices slide as economic woes compete with geopolitical risks October 11, 2023 Oil markets have eased in today's trading with investors awaiting further price signals following worries over geopolitical risk.
Oil hits 14-year highs and closes in on $130 per barrel amid fears of tightening supplies March 7, 2022 Oil prices soared to $130 per barrel earlier this morning - its highest level since 2008 - amid supply fears.
London AI firm bags $250m injection led by Qatari sovereign wealth fund May 23, 2023 A London-based artificial intelligence firm has announced a $250m cash injection led by the Qatari sovereign wealth fund today as investors rush to capitalise on a boom in AI technology.
Ukraine: Johnson urges Russian citizens to ignore Kremlin propaganda on war crimes April 5, 2022 Boris Johnson has made a plea for Russian citizens to not believe Kremlin propaganda about war crimes committed in Ukraine as Volodymyr Zelensky today accused the United Nations (UN) of giving Vladimir Putin the “right to sow death”. In a recorded message released for Russian civilians, the Prime Minister said reports of mass civilian killings by [...]