France and Germany evaded Crimea embargo to sell weapons to Kremlin, analysis says April 23, 2022 France and Germany evaded an EU ban set in 2014 and sold weapons to the Kremlin, which are now used in Moscow’s invasion of Ukraine. According to an EU analysis exclusively reported by the Telegraph, Paris and Berlin sent €273m worth of equipment, going against an arms’ ban imposed following the 2014 war in Crimea. [...]
Brits race to snap up sunflower oil as shops place limits: Restaurants face shortage of cooking oil April 23, 2022 Supermarkets across the UK have placed limits on how much cooking oil customers can buy due to supply-chain problems caused by Russia’s invasion of Ukraine. Tesco is allowed three items per customer while Waitrose and Morrisons have placed limits of just two items each. The British Retail Consortium’s Tom Holder said the move was a [...]
Boris Johnson’s disastrous India trip: Little progress on trade deal, partygate rows, Tory donor bulldozers and Modi stays close to Putin April 23, 2022 Boris Johnson today indicated at a press conference in India that he did not try to encourage the country’s prime minister, Narendra Modi, to go further in dropping India’s neutrality over the Russian President’s invasion of Ukraine. Also, Johnson’s two-day trip was dogged by questions over the deepening partygate scandal, with a Tory rebellion leading [...]
Business of Space: Reusable rockets, space junk and new markets ‘ripe for overhaul’ April 23, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: D-Orbit to supply key parts for ESA rocket The US says no to space junk Satellite connection on place ‘ripe for overhaul’ D-Orbit inks fresh supply deal D-Orbit has cut a deal with Beyond Gravity to deliver critical tools and [...]
Ukraine’s government writes to Shell, accusing the oil giant of ‘bankrolling Putin’s war with an accounting trick’ April 22, 2022 Ukraine has accused energy giant Shell of continuing to “bankroll Putin’s war machine” buy buying oil through an “accounting trick.” In an angry letter sent to the oil company’s boss, Kyiv branded it “deplorable” that firm was still buying fuel linked to the Kremlin indirectly. According to the Telegraph, despite a commitment to stop purchasing [...]
Wimbledon’s Russia ban: Novak Djokovic, Ukraine’s Elina Svitolina and legend Martina Navratilova question decision April 22, 2022 Tennis stars including Novak Djokovic, Ukraine’s Elina Svitolina, and legendary ex pro Martina Navratilova, have come out against Wimbledon’s ban on Russian and Belarusian players. There was a backlash from the sporting community after SW19 said athletes, including men’s world number two Daniil Medvedev and women’s world number four Aryna Sabalenka of Belarus , cannot [...]
Boris Johnson urges post-Brexit negotiators in India to ‘get it done’ despite Modi’s looser ambitions for trade deal April 22, 2022 Prime Minister Boris Johnson has urged post-Brexit trade deal negotiators working with India to “get it done” this autumn, despite much looser ambitions on the side of his Indian counterpart Narendra Modi. After holding talks in New Delhi on Friday, Modi called for an “immediate ceasefire” in Ukraine but stopped short of criticising Russia’s actions [...]
Inflation is on a collision course with world economies… while Bitcoin looks steady April 22, 2022 Bitcoin remains in what has become its favourite trading range of around $40k where it has been for, well, pretty much all of 2022.
Treasury grants licence to pay contracts for Russia’s Gazprombank until May 31 April 22, 2022 The treasury has granted a licence to pay Russia’s Gazprombank and its subsidiaries until the end of next month. The decision was made to ensure gas supplies continue to flow to the European Union according to a document seen by Reuters. The license allows an individual or firm to continue paying any contracts that began [...]
Budweiser owner AB InBev to exit Russian venture in $1.1bn hit April 22, 2022 Budweiser owner Anheuser-Busch InBev has said it will cut off supplies of its beer to Russia by selling its stake in a joint venture to a Turkish partner. The move will trigger a $1.1bn impairment charge in the world’s largest brewer’s first quarter results. The Belgian brewer revealed it was in “active discussions” about selling [...]