UK steel firms suspend imports of Russian coal March 13, 2022 Tata Steel UK (Tata) and British Steel have both suspended imports of Russian coal, according to The Mail on Sunday. The decision follows sustained pressure from Western governments for businesses to divest from Russia, as it ramps up sanctions on the country following the invasion of Ukraine. Coal is used to heat blast furnaces up [...]
Gazprom scraps plans to reopen Nord Stream pipeline September 2, 2022 Gazprom has scrapped plans to resume flows through a key pipeline into Germany, raising the prospect of supply shortages.
UK announces more sanctions on Russia’s largest bank Sberbank April 6, 2022 The UK has slapped more sanctions on Russia’s largest bank Sberbank and banned all outward British investment into Russia. Sberbank and Credit Bank of Moscow now have all their UK assets frozen, after similar measures were taken against other major Russian banks last month, with the pair also unable to do business in Britain. The [...]
Total pain: French energy giant suffers $4.1bn hit from Arctic LNG project April 28, 2022 TotalEnergies has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) project in the Arctic.
Brits race to snap up sunflower oil as shops place limits: Restaurants face shortage of cooking oil April 23, 2022 Supermarkets across the UK have placed limits on how much cooking oil customers can buy due to supply-chain problems caused by Russia’s invasion of Ukraine. Tesco is allowed three items per customer while Waitrose and Morrisons have placed limits of just two items each. The British Retail Consortium’s Tom Holder said the move was a [...]
Murray to face Tsitsipas in second round at Wimbledon July 5, 2023 Andy Murray will take on Stefanos Tsitsipas today in the second round of Wimbledon after the Greek player overcame Dominic Thiem in a thrilling five-set match. The fifth seed’s Austrian opponent took the opening set before Tsitsipas hit back by winning the second and third sets. Thiem ensured that the match would go to a [...]
Germany resists EU ban on Russian gas as it continues to be Putin’s customer: ‘We would inflict damage on ourselves’ April 5, 2022 Germany has rejected calls for an EU embargo on Russian gas imports, despite mounting civilian deaths in Ukraine.
Apple knocked off perch as world’s most valuable firm by oil giant Saudi Aramco May 12, 2022 Apple has been knocked off its perch of the world’s most valuable company by Saudi Aramco. The oil giant topped $2.426tn this on Wednesday, overtaking the iPhone-maker at $2.415tn, representing just over £10bn. This is the first time the state-backed Saudi Aramco has taken the top spot since 2020 according to the The Financial Times, [...]
Another LNG-fuelled winter will expose lack of seriousness about UK’s energy goals April 11, 2023 Winter is over, with the government managing to stave off blackouts over – but LNG problems persist, exposing the UK's energy challenge.
Airbus exits Russia as aviation industry cut off March 2, 2022 Airbus has become the latest company to cut off Russia by halting its support for the country's aviation industry.