Saudi Aramco’s profits slide to £25bn as world’s largest energy company is dragged down by lower oil prices May 9, 2023 Saudi Aramco reported a clear dip in earnings over the first three months of the year, blaming lower global oil prices for reduced profits.
Recap: The sport stars at the Met Gala May 7, 2023 The Met Gala is an event in New York City where the stars of the globe come together to raise money for the Metropolitan Museum. Among this year’s dazzling list of Met Gala invitees were a group of iconic sports stars. See their outfits below. Who went to the Met Gala? Ex-Formula 1 driver Daniel [...]
Ukraine ‘downs Russian hypersonic missile’ May 6, 2023 Ukraine’s air force claims to have downed a Russian hypersonic missile over Kyiv using Patriot defence systems recently acquired from allies. It is the first known time the country has been able to intercept one of Moscow’s most modern missiles. Air force commander Mykola Oleshchuk said on Telegram that the Kinzhal-type ballistic missile was intercepted [...]
Markets: Three things we learned this week May 5, 2023 This week the markets had a lot to digest, bumper energy profits, the tail end of the banking sector’s latest round of results, and a rate rise from the Federal Reserve. There was also some positive house price data, which gave the FTSE 100 a spring in its step. With Coronation weekend looming we take [...]
Is Bitcoin on track to take pole position as the wheels come off US banks? May 5, 2023 Jason Deane, resplendent in racing overalls, completes a circuit of the week's twists, turns and chicanery in the world of digital finance.
Number of Russians using London Commercial Court reaches new record despite sanctions May 4, 2023 A record number of Russian litigants have used the London Commercial Court in the past year despite sanctions imposed in the wake of the war in Ukraine, new research has revealed. The number of Russian litigants appearing in the Commercial Court, part of the Business and Property Courts of the High Court, rose by 41 [...]
What’s next for crypto at Eurovision this year? May 4, 2023 Monty's not sure if he's coming or gong with Eurovision and the coronation, but he's expecting the weird to get even weirder.
Analysis: Shell profits reflect strength of industry as much as soaring oil and gas prices May 4, 2023 Shell and BP unveiled bumper earnings this week, reigniting Labour's push for the windfall tax to be tightened.
Shell to pay £400m in windfall taxes this year after bumper first quarter earnings May 4, 2023 Shell has confirmed it will pay just under £400m in windfall taxes this year, after bumper first-quarter profits.
DCMS chair reiterates need for sanctions on Russians amid ex-F1 driver Mazepin’s case May 4, 2023 The acting chair of a key parliamentary committee has reiterated the need for sanctions on Russian sportspeople amid news former F1 driver Nikita Mazepin is challenging the UK Foreign Secretary to overturn his. Mazepin and his father Dmitry were sanctioned by the UK, European Union and Canada as part of wide-reaching measures taken after Russian [...]