Kim Jong Un inspects Russian bombers, missiles and frigate September 16, 2023 North Korean leader Kim Jong Un has inspected Russia’s nuclear bombers, hypersonic missiles and an advanced warship from its Pacific fleet, during a trip to the country’s far east. After arriving in the city of Artyom by train, Kim travelled to an airport just outside the port city of Vladivostok where Russian defence minister Sergei [...]
Germany: EU’s largest economy faces ‘big deterioration’ – and risks slipping back into recession September 16, 2023 It was not long ago that Germany was driving growth in the bloc. Now it is being labelled the ‘sick man of Europe’. Where did it all go wrong?
H&M’s summer sales flatline after rival Zara owner cheers boost September 15, 2023 Fashion chain H&M has revealed its sales flatlined in the latest quarter after its biggest rival Zara owner Inditex cheered a stronger performance. The Swedish retail giant said its net sales, in local currencies, were flattish over June to September, compared to the same period last year. The weaker-than-expected quarterly update suggests that the chain [...]
Can British chipmaker Arm lift the shutters on the global IPO market? September 14, 2023 Investors are hoping Arm's float may signal the start of a revival for the global IPO market (pictured: Masayoshi Son, chief of Arm owner Softbank)
Russia admits error after pilot ‘thought he had permission to shoot down RAF spy plane’ September 14, 2023 A Russian pilot tried to shoot down an RAF spy plane believing he had been given permission to fire, according to a report. Russia blamed a “technical malfunction” for causing the incident over the Black Sea on September 29 last year. But intercepted communications suggest the pilot fired after receiving an ambiguous command from a [...]
Elon Musk: Taiwan slams Tesla owner after another geopolitical gaffe September 14, 2023 Elon Musk, who has significant operations in China, had said that Taiwan was seen as "an integral part of China"
Bernard Looney: A celebrated BP career ends more suddenly than anyone expected September 13, 2023 BP boss Bernard Looney's resignation brings to an end a lengthy career at the oil giant, where he was identified as a rising star early on
City PR firms that got rich from ‘very dirty business’ with Russian oligarchs must be scrutinised, says Browder September 13, 2023 PR firms that got rich from “very dirty business” with Russian oligarchs must be scrutinised, the former fund manager once dubbed the Kremlin’s most wanted man has said.
Formula 1’s newest potential bidders vent at ‘chaotic’ and ‘anxiety’ inducing process September 12, 2023 Delays to the bidding process for new Formula 1 teams have led to “frustration” among potential new entrants, who have described it as “chaotic”, City A.M. can reveal. Five parties are understood to have made bids to join Formula 1 in 2026, when the series is set to expand the grid. And though Formula 1 [...]
Global fossil fuel demand to peak ‘in the coming years’, IEA says September 12, 2023 Global demand for fossil fuels is "set to hit a peak in the coming years" and gradually decline thereafter as the world pivots towards renewable energy sources, the head of the International Energy Agency said today.