Russia’s war to deal 10 per cent hit to Ukraine economy, warns IMF March 15, 2022 The Ukrainian economy is set to contract sharply this year as Russia’s invasion hobbles domestic consumption, reveals fresh forecasts by the world’s economic watchdog. Output in Ukraine will shrink around 10 per cent this year, according to the International Monetary Fund (IMF). The hit to the country’s economy could eventually rise to some 35 per [...]
Tui: Shares down as travel giant eyes return to profit with strong summer getaway bookings May 10, 2023 TUI reported its revenues overtook pre-pandemic levels in its half year results this morning, as it cashed in on increased bookings and a boom in summer travel demand. The travel company reported revenues of £2.78bn (€3.2bn), a £870m (€1.bn) improvement on the previous year, with bookings hitting 12.9m across the winter and summer seasons. Losses [...]
Shell anticipates ‘significantly lower’ gas trading as investors ‘sit on hands’ July 7, 2023 Shell said it anticipates “significantly lower” gas trading in its second quarter results, but questions remain about the energy titan’s claim it’s linked to ‘seasonality’. Ahead of their 27 July results, the firm claims its expected dip was down to “seasonality” in the market, while stressing that the performance would be “in line” with the [...]
Investors pocket record $1.56 trillion as oil and gas firms fuel dividend bonanza March 1, 2023 Shareholders pocketed record dividend payouts last year in a bonanza driven by oil and gas firms cashing in on soaring energy prices, new research has revealed.
Sweden and Finland consider Nato application to deter Russia, as Estonia asks for more troops April 14, 2022 Russia’s invasion of Ukraine has “dramatically shaped mindsets” of people in Nordic states when it comes to applying for Nato membership, Finland and Sweden’s prime ministers have suggested this week. Finland’s premier Sanna Marin said the country would need to decide “quite fast, in weeks not months”, if it would join the military alliance, amid [...]
Kremlin orders seizure of gas facility which Shell has 27 per cent stake in worth £3.4bn July 1, 2022 Russia’s President Vladimir Putin has ordered the seizure of a gas facility in the county which UK firm Shell has a 27 per cent stake in. The Kremlin signed a decree to take control of rights of the Sakhalin-2 plant, which will be transferred into Russian hands. This comes as Moscow continues to come under [...]
Google searches for inflation surge by 1000 per cent and overtake Coronavirus October 24, 2022 Google searches for inflation have now overtaken people concerned by Coronavirus. Between July and October of this year, searches for inflation have surged by more than 1000 per cent compared to last year. This comes as the UK, US and large parts of Europe are gripped by soaring energy and food prices due in part [...]
IAG: British Airways owner hits £3bn profit and boss says plenty more to come February 29, 2024 British Airways owner the IAG reported record pperating profits in its full-year results this morning amid a boom in travel demand.
Extinction Rebellion: Scientists glue themselves to government department in climate protest April 13, 2022 Scientists aligned to the Extinction Rebellion group have glued themselves to the department for Business, Energy and Industrial Strategy (BEIS) building in a climate protest. In images and footage posted on social media, campaigners with the Scientists for Extinction Rebellion group, took part in the demonstration unfurling a banner saying ‘end fossil fuels now.’. This [...]
Ukraine: 10 killed in Russia missile attack on high-rise block as fears grow of trapped survivors June 13, 2023 At least 10 people have been killed and dozens wounded after missiles hit civilian buildings in an overnight attack in the central city of Kryvyi Rih, Ukraine, a regional governor said. Serhiy Lysak, of the Dnipropetrovsk region, said the strike involving cruise missiles hit a five-storey residential building early on Tuesday and the area was [...]