Russian opposition leader Alexei Navalny urges Italy to seize Putin’s £500m superyacht March 22, 2022 Russia’s jailed opposition leader’s team has urged Italy to seize a £500m superyacht reportedly owned by Vladimir Putin. Alexei Navalny’s anti-corruption unit called on the country to take the vessel, called Scheherazade, which according to the Telegraph is staffed by the Russian Federal Security Service (FSO). Dubbed the world’s most expensive yacht, its owner has [...]
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
BMW: How supply chain issues and China lockdowns have impacted its bottom line January 10, 2023 BMW’s sales have slumped in 2022 due to supply chain issues and the now-scrapped zero-Covid policy in China. A byproduct of the pandemic, supply chain issues such as chip shortages and higher raw material costs were magnified by Beijing’s decision to implement severe lockdown measures for the good part of last year. The German automotive [...]
Moscow’s elite in shock as another close Putin ally suddenly dies: Gazprom ‘wonderkid’ and Kremlin insider Nikolay Petrunin is no more October 17, 2022 Rumours are flying in Moscow today as it has emerged that another one of Vladimir Putin’s close allies has suddenly dies. Nikolay Petrunin, a 46-year-old Russian multimillionaire and a close confidant of the Russian president, is no more. The official reason by authorities was that the Gazprom executive has died as a result of complications [...]
BP shares soar as energy giant hikes profit guidance October 12, 2023 Shares in BP have risen robustly in today's trading, with investor sentiment improving towards the energy giant.
EU spent £4.5bn buying HALF of Russia’s LNG supplies… despite pledge to wean West off Kremlin August 30, 2023 European Union countries spent over £4.5bn buying over half of all Russia's LNG supplies during the first seven months of this year.
Claims globalisation has ‘had its heyday’ are premature, Lloyd’s chief executive says August 2, 2022 Claims the dual shocks of Covid and the war in Ukraine have halted the “all conquering forces of globalisation” are “premature,” Lloyd’s of London chief executive John Neal told City A.M. In an op-ed in this newspaper, the insurance chief said that while we will “rightly see a degree of retreat and retrenchment” in [...]
New international development plan focuses on bilateral aid and challenging ‘dependency on malign actors’ May 16, 2022 Britain has launched a new international development programme with a focus on challenging “dependency on malign actors”. Liz Truss made the announcement with a written statement on Monday, saying the new vision would try to address “increasing global challenges”. The plan, launched as Britain continues to oppose Russia’s war in Ukraine, also looks to “provide [...]
Struggling British chip shops beg Norway for more fish as prices are out of control due to Ukraine war June 6, 2022 British chip shops faced with surging costs plan to turn to Scandinavia and Norway in particular for help to keep prices “as under control as possible”. Chippies are battling rising energy bills along with increased costs of cooking oil, potatoes and fish due to Russia’s invasion of Ukraine. The president of the National Federation of [...]
Give councils more tax flexibility amid financial strain, ministers urged February 8, 2024 Councils should be given more free rein to raise local taxes to shore up ailing finances and then “suffer the consequences” at the ballot box, MPs have heard.