Davos, once a rollcall of decision makers, has sagged under the weight of its ambition May 31, 2022 HAS Davos lost its mojo? While it was great to be able to stroll around taking in the Swiss air last week without struggling through crowds of Nobel Prize winners, CEOs and billionaires in snow gear, it also felt like a turning point. What sets the World Economic Forum annual meeting apart from other events, [...]
Oil prices rise above $120 milestone as China finally lifts oppressive lockdown measures May 30, 2022 Oil prices breached the $120 milestone today - hitting a two-month high as China eased Covid-19 restrictions in its biggest city.
Supply security: Government holds talks with Centrica over gas storage while EU delays oil ban May 30, 2022 The government is holding talks with Centrica about re-opening a gas facility, in case European supplies from Russia are cut off.
Shell greenlights $2.5bn plans to develop natural gas field off Australia May 30, 2022 Shell and its joint venture partner SGH Energy have given the go-ahead to develop the Crux natural gas field off Australia.
Marine and aviation insurance premiums more double as policyholders feel hit from Ukraine war May 30, 2022 The cost of insuring certain marine and aviation businesses has more than doubled due to rising costs and the risks associated with the war in Ukraine. Global insurance premiums increased 11 per cent in the first quarter 2022, as conflict in Ukraine pushed up insurance costs worldwide, Reuters said. However, insurance costs have soared particularly [...]
Chelsea Board of Directors confirm sale of club to Todd Boehly consortium completed May 30, 2022 Chelsea have today completed the sale of the Premier League outfit to the consortium led by Todd Boehly and Clearlake Capital. With the £4.25bn takeover completed, Roman Abramovich’s 19-year relationship with the London club as owner has come to a conclusion. In a statement, the board of directors said: “We would like to think all [...]
‘Resource nationalism’ is here to stay argues EV Metals boss May 30, 2022 "Resource nationalism" is here to stay following Russia's invasion of Ukraine, argued EV Metals Group chief executive Michael Naylor.
Millions of UK households could face blackouts this winter due to war in Ukraine May 30, 2022 Millions of UK households could face blackouts this winter due to global shortages of natural gas caused by Russia’s war in Ukraine, the UK government has warned. As many as six million British households could be subjected to blackouts, if Russia makes further efforts to cut off the EU’s gas supplies, according to a Whitehall [...]
NIESR top economist: Bank of England has tools to fight inflation May 30, 2022 The UK economy is in a bit of a bind. Households are being squeezed by historic rises in their living costs, while businesses’ margins are thinning due to expenses soaring. A much higher than expected inflation crunch – primarily the result of Russia’s unforeseen invasion of Ukraine – is forecast to trigger a spending pull [...]
Thirty-four Tory MPs have now questioned Boris Johnson’s position May 29, 2022 Thirty-four Conservative MPs have now questioned Boris Johnson’s leadership as the fallout from partygate continues for the Prime Minister. Twenty-four MPs have publicly said Johnson should leave Number 10, which is an increase of nine since the full Sue Gray report into the parties scandal was released on Wednesday. A Conservative party leadership challenge will [...]