Sunak warns energy companies ‘no option is off the table’ amid calls for a windfall tax May 17, 2022 Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector, warned Chancellor Rishi Sunak.
Russia brands G7 plan to use frozen assets in Ukraine’s rebuild ‘outright theft’ May 17, 2022 Using Russia’s frozen reserves to rebuild Ukraine would be “outright theft” according to the Kremlin. A new proposal from G7 leaders to seize assets from Moscow to finance the reconstruction of decimated Ukraine has been condemned by Russia. The proposal was made by German finance minister Christian Lindner, who according to Reuters, said proposals were [...]
Market stabilisation charges yet to be triggered confirms Ofgem May 17, 2022 Market stabilisation charges have not yet been applied to the domestic energy market, revealed regulator Ofgem.
AerCap posts $2bn net loss as jets remain stranded in Russia May 17, 2022 AerCap has posted a $2bn net loss in the first three months of 2022 as more than 100 of its jets remain stranded in Russia following the invasion of Ukraine. The world’s largest aircraft lessor said today that after sanctions were imposed on Moscow by the West, 113 of its jets and 11 engines remained [...]
Binance bulks up legal team as crypto firm faces mounting regulatory scrutiny May 17, 2022 The world’s biggest crypto exchange, Binance, is seeking to bulk up its legal team by hiring more than 30 lawyers across Europe, Asia, and the Americas. The Cayman Islands headquartered firm posted more than 30 openings for legal professionals, including for six positions in London. The job ads come as the crypto industry faces mounting [...]
Exclusive: Forget expensive climate plans, low-cost solution to net zero is methane abatement, says Qnergy CEO May 17, 2022 It’s six months on from COP26 and the world is a very different place, but as the war in Ukraine continues and the cost of living crisis bites closer to home, the promises made in Glasgow still stand. Net zero is the big goal, but CEO of energy firm Qnergy, Ory Zik, told City A.M. today he [...]
Watch as retired Russian military leader says the ‘Kremlin is in total geopolitical isolation and the whole world is against us’ May 17, 2022 A retired Russian military leader has said the Kremlin is in “total geopolitical isolation and the whole world is against us”, speaking on state television. Military analyst and retired colonel Mikhail Khodarenok made his comments on the All-Russia State Television and Radio Broadcasting Company, during an interview with anchor Olga Skabeyeva, known as the “Iron [...]
McDonald’s to launch on Deliveroo as app seeks to be ‘definitive’ online food firm May 17, 2022 Hungry Londoners will be able to order McDonald’s through the Deliveroo app in the coming weeks as the firms forge a UK partnership. The fast food titan will join the restaurants listed on Deliveroo in the UK during the second quarter of 2022. It comes after McDonald’s yesterday revealed it was injecting £250m into redesigning [...]
Turkey’s Erdogan looks to block Sweden and Finland’s application to Nato May 17, 2022 Sweden and Finland are facing opposition to their Nato application bid from Turkey, who called them a “hatchery” for terrorist cells. Ankara’s president Recep Tayyip Erdoğan threatened to block their fast-tracked ascension to the military alliance, because of the Scandinavian countries’ willingness to host his opponents. For Stockholm and Helsinki to be added to NATO, [...]
Rizla maker Imperial Brands struggles with revenue growth amid Russian exit and tobacco alternatives May 17, 2022 Rizla maker Imperial Brands saw revenue drop 1.3 per cent to £15.3bn, as the company continues to pivot towards tobacco alternatives across the world.