Russia ratchets up tensions with the West as it calls for grain deal to be reopened September 7, 2022 Grain deliveries from Ukraine in jeopardy after Russian President Vladimir Putin called for its deal with the West to be reopened.
Brits had most volatile year for fuel costs as CMA probe ‘rocket and feather’ pricing December 6, 2022 Brits have suffered the most volatile year on record for fuel prices, as the Russian invasion of Ukraine and cost of living crisis continued to pile pressure on drivers the pumps. New analysis published today show fuel prices rose by 50p a litre from January to July, which is the largest leap ever recorded. It [...]
Fines over Russia tennis player bans factor in LTA loss April 16, 2023 The fines imposed on the Lawn Tennis Association (LTA) due to their banning of players from Russia and Belarus in 2022 have contributed to the organisation’s financial loss. Last year the LTA implemented the ban which meant players from the two countries were unable to play in pre-Wimbledon grass-court tournaments. Wimbledon’s All England Lawn Tennis [...]
Global fossil fuel demand to peak ‘in the coming years’, IEA says September 12, 2023 Global demand for fossil fuels is "set to hit a peak in the coming years" and gradually decline thereafter as the world pivots towards renewable energy sources, the head of the International Energy Agency said today.
EU countries seek legal option to stop Russian LNG imports March 29, 2023 EU countries agreed on Tuesday to seek a legal option to stop Russian companies sending LNG gas supplies to EU nations.
Rosneft plans £3bn dividend payout as Russia scrambles for revenues November 14, 2022 Rosneft has confirmed it will make its first ever nine-month dividend pay-out, as Russia scrambles to raise revenues to boost flagging economy.
Jupiter warns of ‘challenging’ landscape as assets fall and outflows tick up October 17, 2023 Funds group Jupiter warned economic uncertainty was continuing to weigh on investors’ appetite today as it reported a dip in its managed assets in the third quarter of the year.
Electioneering isn’t going to help bring down Britons’ energy bills October 16, 2023 Party conference season is over, but it looks like Labour and Conservative are set to stay on a campaign footing until the next election.
Unemployment must be higher to keep a lid on inflation, Bank of England’s Huw Pill claims April 13, 2023 A greater proportion of the UK population than before the recent series of economic shocks may need to be unemployed in order to keep a lid on inflation, the Bank of England’s chief economist has claimed today. Huw Pill, who succeeded Andy Haldane as the Bank’s top wonk, was speaking at an event hosted by [...]
Russia admits error after pilot ‘thought he had permission to shoot down RAF spy plane’ September 14, 2023 A Russian pilot tried to shoot down an RAF spy plane believing he had been given permission to fire, according to a report. Russia blamed a “technical malfunction” for causing the incident over the Black Sea on September 29 last year. But intercepted communications suggest the pilot fired after receiving an ambiguous command from a [...]