ExxonMobil trebles buyback scheme after $3.4bn Russia write-down April 29, 2022 Exxon Mobil (Exxon) has revealed a hefty $3.4bn write-down following its withdrawal from Russia in its first quarter update.
Oil prices recover as Germany lifts opposition to Russian import ban April 29, 2022 Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand in China.
It’s been a funny old week in the world of Bitcoin April 29, 2022 This week can only be described as the “week of international events” for Bitcoin as news has come thick and fast from all corners.
Germany ‘won’t stand in the way’ of EU ban on Russian oil imports April 29, 2022 Germany has dropped its opposition to a potential European Union (EU) ban on Russian oil imports after weeks of resisting the move.
ECB gets more nervous by the day as Eurozone inflation hits highest level ever: Sixth record in a row April 29, 2022 Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of Covid-19. Annual inflation hit 7.5 per cent for April, the highest since statistics started [...]
Apple beats expectations with record revenues and profits amid looming pandemic headwinds April 29, 2022 Apple has reported record revenues in the second quarter of its financial year with turnover soaring to $97.3bn between January and March.
Raw material inflation translates to continued price hikes for Travis Perkins April 29, 2022 Travis Perkins has continued to pass off the growing costs of raw materials through price hikes, as it recovers from sustained supply chain hang-ups. “Pricing accounted for approximately two-thirds of the growth with manufacturer increases continuing to be passed through in an orderly manner,” the retailer said in its latest trading update today. “The group’s [...]
Fury in Brussels: Germany caves in to Russia’s rouble demands April 28, 2022 Germany has ceded to Russian President Vladimir Putin’s demand to pay for Russian gas with roubles, as the energy crisis deepens.
Putin to ‘lay the groundwork for an announcement to cover his failure’ and admit Ukraine is a war April 28, 2022 The UK Defence Secretary said this morning that people should not be “too alarmed” by the Russian president’s warning that countries intervening in the Ukraine war will be met with a “lightning-fast” response. Ben Wallace told BBC Radio 4’s Today programme that Vladimir Putin has made similar threats before and was trying to “lay the [...]
Watchdog unveils plans for fund ‘side pockets’ to shield investors April 28, 2022 The UK’s top financial watchdog has revealed plans for the use of so-called fund ‘side pockets’ today to ring fence assets that have become untradeable in the wake of Russia’s invasion of Ukraine.