Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
How stock markets perform after heavy falls March 9, 2022 | City Talk While public attention has understandably focused on the grave humanitarian consequences of the invasion of Ukraine, global markets have reflected investors’ concerns about financial and economic impacts. Our live blog on the Ukraine crisis will be updated regularly throughout the week, it can be found here. To date the current crisis has seen major markets fall [...]
Smoking them out: Cigarette giant Imperial Brands halts Russian operations March 9, 2022 Maker of JPS and Winston cigarettes Imperial Brands has suspended all operations in Russia, including production at its factory in Volgograd, as well as sales and marketing activity. It comes as countless Western brands boycott Russia following its invasion of Ukraine, with the likes of Apple and Netflix recently pulling the plug. “This decision comes amid [...]
Evraz denies Kremlin ties and downplays effect of sanctions March 9, 2022 Evraz has revealed it is "deeply concerned and saddened" by conflict in Ukraine, and hopes a peaceful resolution will be found.
Huawei UK directors quit over firm’s silence on Russian invasion March 9, 2022 Two British board members of Huawei’s UK subsidiary are set to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine. As first reported by Mark Kleinman for Sky News, Sir Andrew Cahn and Sir Ken Olisa notified the company today that they intend to step down from their positions as non-executive [...]
Energy giants pump £75m into offshore wind schemes following UK ban on Russian oil imports March 9, 2022 Two energy giants will pump £75m into offshore wind projects, which could light 8.5m homes, as Britain looks to wean itself on dependence for Russian oil. ScottishPower and Shell have set aside the cash stimulus for initiatives to improve clean energy, after the duo were awarded rights to develop floating wind projects off the country’s [...]
Russian ‘dumb bomb’ attack kills dozens of civilians in Ukrainian city of Chernihiv March 9, 2022 A Russian airstrike that reportedly killed 47 civilians in the northern Ukrainian city of Chernihiv may constitute a war crime, human rights group Amnesty International said today following an investigation into the attack. At approximately 12.15pm on Thursday 3 March, a small public square formed by Chernihiv’s Viacheslava Chornovola and Kruhova streets was hit by multiple [...]
Oil prices fall as Europe holds back from energy sanctions on Russia March 9, 2022 Oil prices have dipped this morning after Europe stayed out of ramped-up Western sanctions on Russian energy supplies.
‘Backbone’ of internet Lumen Technologies pulls plug on Russia amid rumours Kremlin planning global disconnect March 9, 2022 The ‘backbone’ of the internet Lumen Technologies has said it will be pulling the plug on Russia due to the “increased security risk” caused by the invasion of Ukraine.