Total pain: French energy giant suffers $4.1bn hit from Arctic LNG project April 28, 2022 TotalEnergies has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) project in the Arctic.
Merck raises full-year forecasts after recent $5bn sales surge April 28, 2022 Merck’s sales have surged more than $5bn (£3.9bn) in the first few months of this year, carried by the popularity of its cancer drug and Covid-19 pill. The US pharmaceutical giant enjoyed a 50 per cent jump in sales to $15.9bn (£12.6bn), up from $10.6bn (£8.4bn) in the first quarter of last year. Merck, the [...]
It would be ‘silly’ to provide households with more support before price cap update, says Rishi Sunak April 28, 2022 Chancellor Rishi Sunak plays down the prospect of immediate support for households despite mounting pressure on consumers.
Pernod Ricard cautions ‘softer’ fourth quarter as China hit by Covid lockdowns April 28, 2022 Absolut vodka maker Pernod Ricard has warned it faces a softer fourth quarter against a backdrop of Covid restrictions in China. The spirits firm’s chief financial officer said it was anticipating “an impact” from Covid restrictions during the fourth quarter. “March was very impacted by the start of Covid restrictions,” Helene de Tissot told the [...]
Russia using trained bottlenose dolphins to protect its Black Sea fleet April 28, 2022 Russia is using bottlenose dolphins to stop its warships from being sabotaged. New satellite images analysed by the US Naval Institute show dolphin pens in the occupied Black Sea port of Sevastopol. The animals have been trained to detect mines and warn of hostile scuba diving soldiers, known as frogmen. This comes after the Kremlin’s [...]
Revealed: Russia pockets £53bn in oil and gas cash since start of Ukraine war with £7.6bn from Germany April 28, 2022 It has been revealed that Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine A study published by the Centre for Research on Energy and Clean Air (CREA) calculated that Russia has earned £53bn from fossil fuel exports since February 24, the date Russian troops attacked [...]
Explainer-in-brief: Russia’s sanctions a ‘badge of honour’ on 287 MPs April 28, 2022 Russia returned the favour yesterday, sanctioning 287 MPs for playing a key role in implementing sanctions against the Kremlin and for fuelling what Putin’s foreign ministry defines as “Russophobic hysteria”. Back in March, the Foreign Office had imposed 386 sanctions on members of the Russian Duma. Boris Johnson, foreign secretary Liz Truss and defence secretary [...]
Letters: London must wash itself clean April 28, 2022 [Re: Eversheds Sutherland strikes deal with Russian ‘relationship firm’ – made up of ex-employees, yesterday] London is the world’s pre-eminent city for business, but Russia’s illegal invasion of Ukraine has forced British firms to consider their dealings with Kremlin-linked individuals, companies, and organisations. London’s label as a laundromat for questionable funds – Russian and otherwise [...]
Former top executive at Russia’s Gazprombank flees Kremlin’s reach and joins Ukraine’s defence April 28, 2022 A former senior executive at a major Russian bank has fled the country and joined Ukraine’s army. Former vice-president at Gazprombank, Igor Volobuyev, said he “couldn’t stay with those people, shake their hands, watch the war on my phone as if this were a horrible film and pretend I didn’t care. Speaking to Ukrainian media [...]
Putin warns ‘retaliatory strikes will be lightning-fast’ if West intervenes in Ukraine April 28, 2022 Russian president Vladimir Putin has warned the Kremlin’s “retaliatory strikes will be lightning-fast” if the United States or a Nato country intervenes in the Ukraine war. In a television address, he responded to President Joe Biden committing to more military aid to Kyiv continuing to ramp up sanctions on Moscow with European allies. This comes [...]