Good Energy boss warns renewable ramp up will not ease this year’s cost of living crisis March 29, 2022 Profits and gross margins at renewable specialists Good Energy have taken a hit from the crisis, but its asset sale has steadied the ship.
Green activists and crypto diehards call for changes to Bitcoin’s code March 29, 2022 Bitcoin is under attack for its environmental impact with green activists joining forces with crypto die hards as part of a new campaign.
Decathlon suspends activities in Russia after boycott calls March 29, 2022 Decathlon’s French tycoon owners have suspended activities in Russia after criticism following the invasion of Ukraine. The Mulliez family, who own Decathlon alongside DIY retailer Leroy Merlin and food firm Auchan, has faced boycott calls this week. “In strict compliance with international sanctions, Decathlon notes that the supply conditions are no longer met to continue [...]
US Federal Reserve to move twice as quick at next meeting March 29, 2022 The world’s most influential central bank will hike interest rates by more than double the amount it usually does at its next meeting to send a strong signal that it is serious about taming red hot inflation. The US Federal Reserve will lift the world’s most important interest rate 50 basis points on 4 May, [...]
Aircraft leasing market could oust Russia beyond Ukraine conflict, lessor says March 29, 2022 Russian airlines could be ousted from the aircraft leasing market well after the end of the Ukraine conflict, said today the world’s second-largest leasing company Avolon. According to the Dublin-based company’s chief executive Domhnal Slattery, the predominantly Irish leasing sector could oust Moscow following the Kremlin’s decision to re-register aircraft as part of its anti-sanctions [...]
Staines Town FC halts operations amid claims its owners breached sanctions and modern slavery laws March 29, 2022 Staines Town Football Club (STFC) has halted all operations after claiming its owners failed to comply with sanctions and breached the Modern Slavery Act 2015. The football club said it had been forced to suspend all primary operations amid an investigation into investment manager, Downing LLP, which acquired the club in 2008. “Until the necessary [...]
Oil prices plummet as Russia-Ukraine peace talks show signs of promise March 29, 2022 Oil prices nosedived on Tuesday afternoon across both major benchmarks - extending losses from the previous day.
Thank You for the Music: ABBA backed firm snaps up Swedish House Mafia’s music catalogue March 29, 2022 ABBA-backed entertainment firm Pophouse Entertainment has snapped up the back catalogue of electric music pioneers Swedish House Mafia.
Recessionary threads begin to weave through present economic landscape March 29, 2022 This week, Bank of England governor Andrew Bailey warned this year’s energy shock will be bigger than any seen during the 1970s. The ripple effects on consumers from soaring energy bills has sparked a wave of economists to slash this year’s growth forecasts on concerns spending will be knocked by a steep fall in living [...]
UK has more than £854bn in offshore wealth, with 0.92 per cent lost from GDP March 29, 2022 UK citizens own more than £854bn in offshore wealth, ranking it fifth in Europe when measured as a percentage of lost GDP. Britain lost an estimated £19.2bn in tax because of the problem according to new research by anti money laundering group Credas Technologies, with the overall figure representing almost one per cent of national [...]
