Farage’s row with Coutts matters more than you might think July 20, 2023 The ongoing row between Coutts and Nigel Farage has, predictably, turned into a he-said, they-said brouhaha that does nobody any favours. But that does not mean that it isn’t worth tuning into, for the right to a bank account – and a bank’s decision on whether to give you one – does, indeed, matter. As [...]
Spain seizes Russian oligarch’s £107m superyacht March 15, 2022 A $140m (£107m) superyacht owned by Russian oligarch Sergei Chemezov has been taken by Spanish authorities. The vessel’s seizure was announced by its Prime Minister Pedro Sanchez, who said “there will be more” to come, with two yachts docked in Barcelona owned by non-sanctioned oligarchs, being monitored. Luxury boats linked to Russian oligarchs have been [...]
Saudi Aramco’s profits slide to £25bn as world’s largest energy company is dragged down by lower oil prices May 9, 2023 Saudi Aramco reported a clear dip in earnings over the first three months of the year, blaming lower global oil prices for reduced profits.
Divestment Campaigning: From Risk to Opportunity February 28, 2024 In the eyes of activists, investor power comes with investor responsibility. Recent prominent policy announcements such as Barclays’ commitment on fossil fuel finance demonstrate the power of divestment campaigning to influence financial institutions’ policies. The NGO view of financial institutions as active enablers is now well established, and if your institution is not being hit yet, it [...]
As we cut Russia off from our markets, we must also crack down on Western enablers May 20, 2022 During the nearly four year investigations into Russia’s efforts to interfere in the 2016 US elections, it became glaringly obvious the extent to which malign campaigns from Russia are in fact enabled by actors in the West. Bipartisan staff on the Senate Select Committee responsible for the inquiry became increasingly jaded by the depth of [...]
Oil prices slide as China weighs down demand hopes November 7, 2023 Oil prices have tumbled because of weak global demand
Winter gas price rally unlikely despite recent steady climb, experts say September 25, 2023 Gas prices are still expected to stabilise heading into winter despite a recent rise in spot prices on European benchmarks.
Jaws drop as Boris Johnson’s father hosts Chinese ambassador banned from parliament for intimate lunch at home April 26, 2022 It has emerged Boris Johnson’s father Stanley invited the Chinese ambassador in the UK to his home for lunch, the same ambassador that was banned from parliament after China imposed travel bans and asset freezes against five British MPs and two peers. Zheng Zeguang, China’s ambassador to the UK, showed up at Stanley Johnson’s home [...]
Ferrari reveals ultimate £4.5m Le Mans-inspired track car November 6, 2023 A customer version of the Le Mans-winning Ferrari 499P racer has been revealed, made for the company's most special customers.
Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts November 6, 2023 Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.