UK becomes first country to ban Russian ships from accessing ports March 1, 2022 The UK has become the first country to pass a law banning all Russian ships from docking at its ports, transport secretary Grant Shapps announced this morning. “At London’s Foreign Office where we’ve just become the first nation to pass a law involving a total BAN of ALL ships with ANY Russian connection whatsoever from [...]
British factories tackle bulging order book as supply chains come back online March 1, 2022 An unravelling in supply chain snarl ups is freeing up materials for British factories to use to clear an enormous backlog of work, reveals a closely watched survey published today. Improvements in the functioning of the global logistics system has restored flows of components used by British manufacturers, allowing them to complete work snowballed due [...]
Gazprom exports to Europe down by a third as prices spike across the continent March 1, 2022 Gazprom's natural gas exports outside ex-Soviet Union countries, according to the latest data from the Kremlin-backed gas giant.
MSC halts Russian bookings as Switzerland breaks neutral position March 1, 2022 Shipping giant MSC has halted Russian bookings for cargo, as the corporate world attempts to stave off Russia’s wider operations. “MSC will continue to accept and screen bookings for delivery of essential goods such as food, medical equipment and humanitarian goods,” the world’s largest shipping firm said today. The temporary move will be implemented from [...]
TikTok rolls out 10 minute videos as it closes in on YouTube March 1, 2022 TikTok is set to roll out videos of up to 10 minutes in length, as the Chinese tech firm closes in on competitors like YouTube.
McKinsey and BCG face calls to cut ties with Russian businesses, after pledging to sever links with Putin government March 1, 2022 Consultancy giants McKinsey and Boston Consulting Group (BCG) are facing calls to further sever their links to Russia, after both firms said they would stop working with the Russian government. The calls come after the UK government called on City of London firms to cut ties with Putin’s regime. Consulting giant McKinsey is facing calls [...]
Belarus joins invasion of Ukraine as troops cross border while 40 mile long Russian convoy nears Kyiv March 1, 2022 Mad March begins in Moscow: ICC to open war crime probe while Shell pulls $3bn out of Russia and Ukraine applies for EU membership.
Nord Stream 2 fires staff as it weighs up insolvency amid US sanctions March 1, 2022 The Kremlin-backed company which built the Nord Stream 2 gas pipeline is could file for insolvency, according to Reuters.
Bain and CVC pull out of Boots takeover bid March 1, 2022 One of the main bidders vying to snap up high street chemist Boots has abandoned its bid for the firm, in a move which could see Asda now move into pole position for a takeover.
‘This city becomes unlivable’ say angry Londoners hit by severe transport disruption due to another tube strike March 1, 2022 Londoners said the capital is “becoming unlivable” as strikes across the Tube network left them travelling for hours to get to work. Transport for London announced that all Underground lines would be suspended today as Tube workers stage industrial action against pay and working conditions. John Rayner, 28, a construction worker who was waiting for [...]