Bentley doubles profits prompting EV model yearly roll out March 15, 2022 Bentley announced today it had doubled its 2021 profits, prompting the company to pledge the production of one electric car model per year. In the 12 months ended 31 December, the luxury car maker’s operating profit soared to €389m, €369m more compared with 2020. Following a 31 per cent increase in annual sales, the company’s [...]
Maersk to stop buying Russian oil to fuel vessels March 15, 2022 Maersk has stopped buying Russian oil for its cargo fleet following the country's invasion of Ukraine, revealed the company's chairman.
Crypto scams reported to UK watchdog double in a year to top 6,300 March 15, 2022 Crypto scams are on the rise in the UK with the number of reports doubling last year amid an explosion of interest in digital assets.
Russian judge rolls back Peppa Pig copyright in retaliation against Western sanctions March 15, 2022 Peppa Pig has been dragged into the conflict between Russia and the West, after a Russian judge said Russians are free to use the children’s cartoon character in retaliation against Western sanctions. A judge in the Russian city of Kirov said Russian businesses are free to copy Peppa Pig and create their own versions of [...]
Justice in Russia: Journalist who crashed country’s state news show dragged to court the day after March 15, 2022 A Russian journalist who interrupted a state broadcast with a sign saying it was “lying” about the war in Ukraine, has now appeared in court the following day. Lawyers for Marina Ovsyannikova accompanied her to court, after saying she had been “imprisoned for more than 12 hours” with no contact. Ovsyannikova was detained after the [...]
Volkswagen’s output into question as Ukrainian wire harnesses become biggest supply chain issue March 15, 2022 Volkswagen’s output for 2022 could be in danger as a shortage of Ukrainian wire harnesses became the group’s biggest supply chain issues, chief executive Herbert Diess said. “The war in Ukraine has put our existing outlook into question,” Diess said yesterday morning during a press conference. He added that commodity markets are expected to remain [...]
Russia’s war to deal 10 per cent hit to Ukraine economy, warns IMF March 15, 2022 The Ukrainian economy is set to contract sharply this year as Russia’s invasion hobbles domestic consumption, reveals fresh forecasts by the world’s economic watchdog. Output in Ukraine will shrink around 10 per cent this year, according to the International Monetary Fund (IMF). The hit to the country’s economy could eventually rise to some 35 per [...]
German economy hurtling towards recession on Russia-Ukraine war March 15, 2022 The German economy is hurtling towards a recession as the Russia-Ukraine war sours investors’ optimism for Europe’s largest economy, reveals a closely watched survey released today. Moscow’s barbaric assault of Ukraine and the West’s sweeping set of sanctions to lock Russia out of the global economy is “significantly dampening the economic outlook for Germany,” Achim [...]
London Stock Exchange announces partnership with fintech Floww in private market push March 15, 2022 London Stock Exchange Group (LSEG) has revealed a cash injection into investment platform Floww today, as it looks to become the first global exchange to straddle both public and private markets .
Carmaker offers non-Fiat crypto rewards to electric vehicle drivers March 15, 2022 Carmaker Fiat is driving crypto adoption with a scheme to reward efficient electric car drivers with the currency Kiricoin.
