Hungary names its price as country holds fresh talks with EU over Russian oil ban May 17, 2022 Europe's game of energy brinkmanship continued today, with the EU holding talks with Hungary over financial support to back a Russian oil ban.
Government refuses to disclose eight ‘Golden visa’ oligarchs in UK April 11, 2022 The government has refused to name eight sanctioned oligarchs who bought so-called ‘golden visas’ to live in the UK, under a now scrapped scheme. Priti Patel has been urged to reveal the identities of the individuals and publish a report on the programme, which was shelved in February as Russia invaded Ukraine. The ‘tier one [...]
Wise sees 280 per cent boost in profit from high interest rates November 14, 2023 Wise has reported a 280 per cent increase in profit as high interest rates continue to boost the foreign exchange fintech's income.
Who is buying London’s mansions? 60 per cent go to wealthy buyers from four countries February 23, 2024 The super-prime market in London is booming. More mansions in the capital are being sold, for higher prices, to an increasingly international base. In 2023, sales of super-luxury new-build London apartments rose by 137 per cent to an average of £4,306 per square foot, according to Beauchamp Estates. Supply of luxury houses has also been boosted by an influx [...]
Chinese refineries reportedly snapping up Russian oil on the cheap May 4, 2022 Independent Chinese oil refiners are reportedly snapping up cheap Russian fuel, which could draw the ire of the United States and United Kingdom. Firms have reportedly continued making deals since the start of the war, while state-run energy companies publicly halted new contracts. The buying of discounted oil by independent refineries by China, according to [...]
China threatens to sanction Lockheed Martin over Taiwan arms sales July 14, 2020 Lockheed Martin looks set to be slapped with sanctions by China for its role in providing arms to Taiwan, in a move likely to further damage the US’ relationship with the east Asian giant. Last week the US government approved a $620m upgrade package for a surface-to-air missile system, in which Lockheed is the main [...]
Roman Abramovich is ‘asking all his friends in the US to let him borrow $1m’ April 6, 2022 Sanctioned Oligarch Roman Abramovich has been asking for millions in loans to ensure he can pay staff on his payroll. The Chelsea owner has been asking friends in Hollywood and Wall Street to give him cash, in order to ensure his existing projects, including the building of his new Tel Aviv mansion, can continue. This [...]
OPEC+’s production cuts reveal unsteady markets, say oil experts December 5, 2022 OPEC+'s decision to maintain its hefty output cuts reflects a lack of stability in global oil markets, argued analysts.
Top 7: The best spa for finding your zen is in the heart of London May 14, 2024 Nowhere matches the spa at The Peninsula for London relaxation, says Top 7
Government won’t create single insolvency regulator in its industry overhaul September 12, 2023 Insolvencies will not be regulated by a single body, after the government dropped plans to create a solo watchdog for the sector. Ministers had proposed setting up a single regulator of insolvency practitioners to run within the insolvency service – but have since reversed on the idea. The move comes as high street retailer Wilko [...]