Russia has 38 per cent jump in energy export earnings this year: internal document August 17, 2022 Reuters Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters. The jump in revenues, if it materialises, will help shore up Russia’s economy in the face of waves of [...]
Pubs feel pinch of energy and supply chain inflation August 17, 2022 HOSPITALITY businesses renewed calls yesterday for an emergency VAT cut as the sector deals with rampant energy hikes. New research released yesterday suggested that most bars and restaurants are dealing with “significant” energy cost hikes whilst a majority are also seeing dramatic hikes in their food and drink costs. The new data, compiled by consultancy [...]
Letters: A history of challenger banks August 17, 2022 [Re: Canary Wharf’s giants stand by idly as Brits flock en masse to challenger banks, August 15] Fintech arose out of necessity, reacting to an era when financial institutions were not able to meet new market conditions brought on by the global recession. Their complacency on legacy systems and resistance to innovation was a product [...]
Hospitality firms plead for energy bill support to survive ‘dire’ situation worse than pandemic August 16, 2022 A host of hospitality and small business bodies yesterday warned that many pubs, restaurants and hotels will not survive the “onslaught” of higher energy costs in the coming months. Representative bodies including UK Hospitality warned politicians that unlike domestic customers, rates are not capped for small businesses. Last week analysts at forecaster Cornwall Insight suggested [...]
Letters: Keep your clubs to yourself August 16, 2022 [Re: Love them or hate them, private clubs are part of the City’s culture, August 12] You describe the Groucho Club as having “more than a dash of progressive ideals and sprinkling almost utopian visions” – champagne anyone? This is implicitly contrasted with the Garrick Club, which you consider should see the error of its [...]
Sotheby’s launches bumper auction of Bond memorabilia as Dr. No turns sixty August 14, 2022 AUCTION house Sotheby’s is set to mark sixty years of James Bond on screen with a collection of over 100 pieces of sought-after memorabilia. The ‘Bond on Bond Street’ collection includes a replica of Scaramanga’s pistol from The Man with the Golden Gun as well as a series of so-called transparencies, high-resolution movie images used [...]
Ach Nein! Rhine water level threatens to leave European shipping high and dry August 14, 2022 AMIDST the doom and gloom of recent headlines, there have been some early signs of optimism that the worst of the globe’s supply chain crisis could be passing. A major benchmark of the time taken for a good to get from the factory to its destination port – the Flexport Ocean Timeliness Indicator – has [...]
Fears of energy blackouts posing threat to meat and milk supplies August 11, 2022 Supplies of milk and meat could be endangered if the country is forced to deal with blackouts later this year, industry chiefs have warned. According to a report in The Telegraph newspaper, power outages would inhibit food producers including those in the dairy industry. Some industries will not be able to prevent or stagger certain [...]
Letters: Inclusive gaming or game over August 10, 2022 [Re: Nintendo sales continue to slump as supply chains and fading engagement bite, August 3] Nintendo may be betting on the new Pokemon to change its fortunes this year, but it needs to do more to convert casual fans into repeat players. Games are intended to be inclusive spaces, where you can be whoever you [...]
US-China Taiwan tensions could choke off chip supply, Intel exec warns August 7, 2022 Hostilities between the US and China over Taiwan could choke off the global supply of electronics like mobile phones, the European chief of chipmaker Intel has warned.
