North Sea windfall tax causing ‘irreversible damage’ says oil giant May 27, 2025 The boss of Enquest has slammed the windfall tax on oil and gas firms as doing “irreversible damage” to the industry and “driving job losses across the sector”. Amjad Bseisu, Enquest’s chief executive, called for the North Sea tax to be scrapped in an operations update on Tuesday after claiming it makes the UK a [...]
UK condemns Russian drone strike that left nine dead in Ukraine May 17, 2025 The UK has condemned a Russian drone attack that killed nine people in Ukraine early on Saturday. The attack, which struck a passenger bus in Ukraine’s north-eastern Sumy region, came just hours after the first face-to-face talks between Ukrainian and Russian negotiations in Istanbul, Turkey. Foreign Secretary David Lammy said he was “appalled” by the [...]
Defence secretary tells City sector is ‘open for business’ May 13, 2025 Defence secretary John Healey has unveiled plans to open a “marketplace” that will allow suppliers from different areas of the economy to support defence firms, telling an audience at the London Stock Exchange that “UK defence is open for business.” Healey announced the new scheme linking up the defence sector with companies in software, data [...]
The Notebook: Investors should look to Ukraine April 22, 2025 European capital is flowing into Ukraine’s recovery — and early investors willing to navigate the risks stand to reap the rewards, says Michael Martins I was in Brussels a little over a week ago for the European and Ukrainian business summit, supporting clients exploring investment opportunities in Ukraine. I frankly did not know what to [...]
Ukraine and Russia agree to prisoner swap as Putin announces ceasefire April 19, 2025 Russia and Ukraine said on Saturday they had swapped hundreds of prisoners in the largest exchange since the Russian full-scale invasion started over three years ago. Russia’s ministry of defence said that 246 Russian service members were returned from territory controlled by Kyiv and that, “as a gesture of goodwill”, 31 wounded Ukrainian prisoners of [...]
Russia says it has taken another village from Ukrainian forces in Kursk region April 19, 2025 Kremlin forces have pushed Ukrainian troops from one of their last remaining footholds in Russia’s Kursk region, officials said. Russia’s Defence Ministry said its forces took control of the village of Oleshnya, on the border with Ukraine. The “Units of the North military group have liberated the village of Oleshnya in the Kursk region during [...]
Trump says US may ‘take a pass’ from Ukraine talks if they prove too difficult April 19, 2025 Donald Trump has said the US could “take a pass” on Ukraine peace talks if they become too difficult but added he thought there was a “good chance” of succeeding. Sir Keir Starmer discussed Ukraine with the US president in a phone call on Friday, Downing Street said, but did not give further details. Trump’s [...]
High income households could pay more for electricity, Ofgem says April 16, 2025 High-earning households could be forced to front more of the cost for running and upgrading the UK’s energy network, Ofgem has said. Jonathan Brearley, the boss of the energy regulator, told a briefing on Tuesday that wealthier households may have to pay more via the standing charge on their energy bills, while those out of [...]
US envoy suggests Ukraine can be partitioned April 12, 2025 Ukraine could be partitioned like Berlin after the Second World War, Donald Trump’s envoy to Kyiv has suggested as Russia continues to hold out on accepting a truce. General Keith Kellogg appeared to suggest the country could be split into zones of control, with British and French troops as part of a “reassurance force” in [...]
Healey warns against ‘forgetting about the war’ at Ukraine summit April 10, 2025 Allies of Ukraine should guard against “jeopardising the peace by forgetting about the war” amid plans for a peacekeeping force from 30 ‘coalition of the willing’ nations, John Healey has said. Proposals for that peacekeeping force in Ukraine are “real and substantial”, the defence secretary said, at the start of a further meeting of the [...]