Russian oligarch backed fund LetterOne files lawsuit against private equity firm that cut ties following war in Ukraine July 7, 2022 The Luxembourg headquartered investment fund founded by sanctioned Russian oligarchs Mikhail Fridman and Petr Aven has filed a lawsuit against the London private equity firm that manages $5bn (£4.2bn) of it’s money. Multi-billion-dollar investor LetterOne is taking legal action against Pamplona Capital Management, in calling on the private equity firm to open its books, after [...]
Finland set to join NATO ‘without delay’ after PM Boris Johnson signs security deals in Scandinavia May 12, 2022 Finland is set to apply to join Nato “without delay” following Russia’s invasion of Ukraine, after Boris Johnson made a whistle-stop tour to the country. The country’s prime minister, Sauli Niinistö, made the announcement during a visit to Helsinki by UK Prime Minister Boris Johnson. In a statement, he said “NATO membership would strengthen Finland’s [...]
Hungary for gas: Orban ready to pay in roubles April 6, 2022 Hungary is prepared to pay in roubles for Russian gas, confirmed Prime Minister Viktor Orban, despite the West's opposition to the move.
Putin orders former Wagner figure to command volunteer units in Ukraine September 29, 2023 Russian President Vladimir Putin has ordered one of the top commanders of the Wagner military contractor to take charge of “volunteer units” fighting in Ukraine. The move signals the Kremlin’s intention to keep using the mercenaries after the death of their chief, Yevgeny Prigozhin. In remarks released by the Kremlin, Mr Putin told Andrei Troshev [...]
Explainer-in-brief: Is there hope on the Ukrainian border? February 16, 2022 Yesterday morning it seemed like a pressure valve had been released, even if just slightly when Russia announced it was “withdrawing” some troops who had been carrying out “drills” on the Ukrainian border. After weeks of escalating tensions and a constant flow of European leaders travelling to Moscow to demand Vladimir Putin back down, it [...]
Oil prices steady as supply fears ease February 23, 2022 Oil prices have stabilised after hitting seven year highs, with the West so far avoiding measures that could hit Russian oil and gas.
Here comes the sun: Households are key for a solar rooftop revolution June 5, 2023 A bumper year for renewables will be powered by solar power installations, and the government needs to use this momentum to reach net zero.
Forget the IMF, the Bank of England are the real doomsters in this UK recession merry-go-round February 2, 2023 This week the International Monetary Fund (IMF) became public enemy number one for saying the UK will be the only rich economy to suffer a contraction in 2023. Even Russia, hobbled by sanctions to punish it for its invasion of Ukraine, is poised to squeeze out more growth than Britain this year, the lender of [...]
Has the Ukraine war sped up the clean energy revolution? March 18, 2022 As energy security rises up the political agenda, we look at what Russia’s invasion of Ukraine means for climate change investing. Russia’s shocking invasion of Ukraine is having horrendous consequences, and our thoughts are with the millions of people affected. As climate change investors, we also have to consider the impact of the conflict on [...]
Shapps to ask supermarkets to ‘explain themselves’ over pump price hikes July 16, 2023 Supermarket bosses are set for showdown talks with the government next week over soaring prices at the pumps. Energy Secretary Grant Shapps will meet with chiefs from Asda, Sainsbury’s, Morrisons and Tesco, with the minister vowing to slam “the brakes down on the mistreatment of motorists.” In a column in The Sun, Shapps said he [...]