Advantage Putin? Wimbledon U-turns to let Russia and Belarus stars like Sabalenka and Medvedev compete March 31, 2023 Russian and Belarusian players will be allowed to compete at Wimbledon this year, the All England Club has announced. Athletes from the two countries must sign declarations of neutrality and must not express support for Russia’s invasion of Ukraine, while players who receive funding from the Russian or Belarusian states, including sponsorship from state owned [...]
Recession? Five graphs that show where the UK economy is and where it is heading March 31, 2023 Are we in a recession? Aren’t we in a recession? Are we headed into a recession? At this point, who knows. At the start of the year, everyone said “yes definitely, and a bad one”. Now, those projections look a bit overcooked. Essentially, it’s on a knife edge. City A.M. takes a look at the [...]
Four ex bankers convicted over accounts with Putin-linked man who’s ‘part of system that managed his offshore wealth’ March 30, 2023 Four former bankers with the Swiss affiliate of a key Russian bank have been found guilty of failing to properly check accounts opened in the name of a Russian cellist with long-time ties to President Vladimir Putin. The defendants were handed suspended sentences in Zurich district court that, if violated, could lead collectively to hundreds [...]
Ed Warner: Is China about to bring Russia and its athletes in from the sporting cold? March 30, 2023 The war in Ukraine doesn’t look like ending any time soon. Just as Russia is recalibrating its geopolitical and industrial relations, so the prospect of a conflict stretching years into the future will necessitate a realignment of its place in the sporting world. Asia’s warmth towards the Kremlin points a way back into the international [...]
EU countries seek legal option to stop Russian LNG imports March 29, 2023 EU countries agreed on Tuesday to seek a legal option to stop Russian companies sending LNG gas supplies to EU nations.
Losing Bakhmut will let Putin ‘sell this victory to the West, to his society, to China, to Iran’ – Zelensky March 29, 2023 Ukrainian President Volodymyr Zelensky has warned defeat in the battle for Bakhmut would enable Russia to start building international support for a deal that would require his nation to make unacceptable compromises. And he has invited Chinese President Xi Jinping, long aligned to Russia, to visit. Mr Zelensky said if the eastern city of Bakhmut [...]
Lloyd’s of London’s war underwriters prepare to pay out over ships stuck in Ukrainian waters March 28, 2023 Lloyd’s of London’s war underwriters have begun setting aside cash reserves as they prepare to pay out on a flurry of claims from the owners of ships stuck in Ukraine’s territorial waters. The insurance market is readying itself for a new wave of claims from shipowners that have now become viable following the anniversary of [...]
Allowing athletes from Russia back into sport ‘works’ despite Ukraine war, says Olympic chief Bach March 28, 2023 The president of the International Olympic Committee (IOC) Thomas Bach today doubled down on plans for Russian and Belarusian athletes to be allowed back into competitions, adding that his plans “work” despite the war in Ukraine. The German spoke at the IOC’s executive meeting. There was, however, no decision on whether Russians and Belarusians would [...]
North Sea oil and gas firms are struggling despite BP and Shell record profits, industry body warns March 28, 2023 The record earnings of BP and Shell do not reflect the challenges most North Sea producers face from the windfall tax, argued OEUK.
Harbour Energy to develop North Sea gas field despite threatening to pivot away from UK March 28, 2023 Harbour Energy has been given the go-ahead to develop a new gas field in the North Sea, despite warning of plans to pivot from UK markets.