Putin ‘running out of missiles’ amid claims quarter of Russian Army now lost: Kremlin loses momentum in Donbas May 6, 2022 Vladimir Putin could be running out of missiles and armaments because of how much his forces have had to fire during the Ukraine war so far, according to the head of Britain’s Armed Forces. The Chief of Defence Staff, Admiral Sir Tony Radakin, said Russia has now lost 25 per cent of all its forces [...]
A textbook crypto capitulation, or is Bitcoin getting dragged down by market contagion? May 6, 2022 The sudden capitulation of the crypto markets has taken analysts by surprise, and it may be some time before we figure out the true cause.
Putin in rare apology over Russian foreign minister Sergei Lavrov’s claim Hitler had ‘Jewish blood’ May 6, 2022 Russia’s president has issued a rare apology after backtracking on his foreign minister’s claim that Adolf Hitler had “Jewish blood”. In a phone call to Israel’s prime minister Naftali Bennett, the Kremlin’s leader said sorry after fury was sparked earlier in the week. Bennett had condemned the “lies” by Russia’s Sergey Lavrov, while foreign minister [...]
Beazley written premiums ‘ahead of expectations’ but investment losses loom May 6, 2022 Non-life insurance firm Beazley has come in ahead of expectations in its latest update, despite swelling investment losses. Gross premiums written jumped nearly a third (27 per cent) in the three months to 31 March, to $1.2bn, up from $971m a year prior. The London-listed insurance firm, however, did report spiralling losses from its investments, [...]
Consumer watchdog urges energy users to boost energy efficiency to drive down household bills May 5, 2022 Uswitch.com has called on households to focus on energy efficiency and ramping up insulation to ease the pressure of rising energy bills.
OPEC+ maintains modest hike in oil production as EU weighs up Russian import ban May 5, 2022 OPEC+ has agreed a modest increase in its oil production targets next month, following a meeting earlier today.
Germany turns to floating gas units to cut down dependence on Russian imports May 5, 2022 Germany has rented four floating storage and regasification units as it aims to reduce its reliance on piped natural supplies from Russia.
Seraphine: Maternity brand adored by Kate Middleton sees shares plunge as hefty headwinds loom May 5, 2022 A maternity brand whose clothes have been flaunted by Kate Middleton has seen its shares plunge almost 40 per cent after a gloomy forecast. Shares in Seraphine plummeted some 38 per cent on Thursday as the digital-led fashion brand lowered its expectations for the coming year amid war in Ukraine and other macroeconomic headwinds. The [...]
Fund flows show sign of rebound after March exodus May 5, 2022 Fund flows showed signs of recovery in April after outflows surged for a third consecutive month in March in the face of tightening monetary policy and war in Ukraine.
Consumers buying more beer as Budweiser maker AB InBev reiterates growth outlook May 5, 2022 Budweiser maker Anheuser-Busch InBev (AB InBev) said drinkers are swallowing higher prices and bought more beer in the first quarter. After posting higher than expected earnings, the Belgian brewer reiterated an EBITDA growth outlook of between four and eight per cent for the full year. Consumers had bought 2.8 more drinks by volume in the [...]