‘Ramp up’ arms production to defend Ukraine against the Kremlin, Nato chief says January 1, 2023 Western allies need to “ramp up” arms production in the coming months to ensure Ukraine is kept fully supplied in its war against Russia, the secretary-general of Nato has said. Jens Stoltenberg said the conflict is consuming an “enormous amount” of munitions, amid signs that President Vladimir Putin is digging in for the “long haul”. [...]
Putin’s forces shell Ukraine as war continues in 2023 January 1, 2023 Ukrainians have had a grim start to 2023, with yet more sirens and fresh missile attacks on their territory, as the death toll from Russia’s massive New Year’s Eve assault across the country climbed to at least three. Night-time shelling that battered parts of the southern city of Kherson killed one person, wounded another and [...]
2023 sport schedule: What is there to look forward to? January 1, 2023 The year has hardly begun but the sport is coming thick and fast. Rugby, football and cricket all have World Cups while other sports continue to build on the foundations laid after the Covid-19 pandemic. Take a look at the City A.M. sports schedule for 2023. January Darts (3rd): A new Darts World Championships winner [...]
European stocks post biggest fall since 2018 while FTSE 100 ends year in green December 30, 2022 European stocks have notched their worst annual performance in four years driven by investors sweating over soaring inflation, rising interest rates and the prospect of a tough recession in the bloc. The pan-European Stoxx 600, an aggregate of Europe’s top indexes, finished 2022 down nearly 13 per cent, its biggest annual decline since a drop [...]
Business energy support set to be halved to reduce taxpayer bill December 30, 2022 Support for businesses to help them cope with swelling energy bills will halve in the spring to avoid taxpayers holding the bag if oil and gas prices surge again, according to The Times. Chancellor Jeremy Hunt next month will announce a 12-month extension to a scheme that caps energy costs for businesses, similar to a [...]
Tony Blair: Vladimir Putin should have got seat at international ‘top table’ December 30, 2022 Tony Blair argued that Vladimir Putin should be given a seat at the international “top table” despite deep misgivings among officials about the new Russian president, according to newly released official files. Papers released to the National Archives in Kew, west London, show Mr Blair, as prime minister, believed the former KGB man was at [...]
Ukraine hit with massive Russian missile barrage as UK commits to £2.3bn more in funding December 29, 2022 Several regions of Ukraine, including its capital Kyiv, were facing a massive Russian missile attack on Thursday, the latest in a series targeting national infrastructure. Air raid sirens sounded across the country. Mykhailo Podolyak, an adviser to Ukrainian President Volodymyr Zelensky, said Russia launched more than 120 missiles. In Kyiv, air defence systems were activated [...]
Russia’s war in Ukraine marks ‘sea change’ in use of intelligence, GCHQ boss says December 29, 2022 The conflict in Ukraine has represented a “sea change” in the release of secret intelligence to inform public debate, the head of the GCHQ spy agency has said. Sir Jeremy Fleming said the release of details by western intelligence agencies of the Russian military build-up in the run up to the invasion had helped counter Moscow’s narrative [...]
Mining and retail stocks push FTSE 100 into the green after Christmas shopping boost December 29, 2022 The FTSE 100 has been given a boost by its top retail stocks as investors cashed in on the post-Christmas sales shopping, and as China is set to ease its Covid restrictions for inbound travellers from January 8. Among the top performers on London’s leading index on Wednesday were JD Sports Fashion, Next, Kingfisher and [...]
ExxonMobil sues EU over plans for bloc-wide windfall tax December 28, 2022 ExxonMobil has filed a lawsuit against the EU in a bid to overturn the trading bloc’s plans to impose a windfall tax on energy companies. The US oil major is seeking to challenge the EU’s authority to impose a 33 per cent levy on energy companies’ profits during the fiscal year 2022. Two of [...]