E.ON suffers massive drop in profits amid spiralling wholesale costs and Russian uncertainty May 11, 2022 E.ON has suffered a 15 per cent drop in first-quarter profits, blaming higher energy prices that it was unable to pass on to customers.
Russian troops abducted Ukrainian mayor after capturing city of Melitopol March 12, 2022 Ukrainian president Volodymyr Zelensky has accused Russian troops of kidnapping the mayor of the Ukrainian city of Melitopol, after he refused to cooperate with their demands. In a video briefing, Zelensky said: “Today in Melitopol the invaders captured mayor of the city, Ivan Federov – a mayor who courageously defends Ukraine and the people of [...]
EU mulls plans to ban insurers from insuring ships carrying Russian oil May 9, 2022 The European Union is considering banning insurers from insuring ships carrying Russian oil, as another means of draining Russia of the financial resources it needs to continue bankrolling its war in Ukraine. If brought into force, the new sanctions would come as another blow to Russia’s energy export industry, as the EU also weighs up [...]
Russian economy plunged into turmoil by rampant inflation after exodus of household brands April 10, 2022 Russian consumers are being squeezed by the ripple economic effects of President Vladimir Putin’s brutal invasion of Ukraine. A host of western corporates pulling out of Moscow, a severe depreciation in the rouble and sharp supply and demand imbalances has sent inflation in the country soaring. Russian firms have been scrambling to secure supplies of [...]
European Central Bank preps lenders for potential Russian cyberattack February 9, 2022 The European Central Bank is reportedly preparing lenders for a possible Russian cyberattack, as analysts warn the move could be used to de-stabilise Ukraine prior to invading. The Bank is on high alert amid rising tensions between Russia and Ukraine, Reuters first reported, having had its sights locked on the rise of scams in the [...]
Russian oligarchs look towards Dubai and Israel in efforts to avoid sanctions March 10, 2022 Legal experts have said Russian oligarchs, looking for new jurisdictions to store their wealth, may be turning towards Dubai and Israel due to a lack of other options, as they seek to avoid sanctions and exit Russia’s crumbling economy. Speaking to City A.M. David Savage, head of financial crime at London law firm Stewarts, said [...]
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
Huawei UK directors quit over firm’s silence on Russian invasion March 9, 2022 Two British board members of Huawei’s UK subsidiary are set to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine. As first reported by Mark Kleinman for Sky News, Sir Andrew Cahn and Sir Ken Olisa notified the company today that they intend to step down from their positions as non-executive [...]
US ramps up sanctions with plans to ban Russian oil imports March 8, 2022 The US is expected to impose ban on Russian oil imports as it ramps up sanctions following the country's invasion of Ukraine.
Russian Embassy in Ireland complains its territory was violated in ‘barbaric’ action March 8, 2022 The Russian Embassy in Belfast issued a statement yesterday, writing that after a large truck drove through the gates of the Embassy compound, they urge Irish authorities to act as “no people of sound mind could support such senseless and barbaric actions.” The statement was issued after an Irish man was arrested for driving a [...]