Sweden and Finland consider Nato application to deter Russia, as Estonia asks for more troops April 14, 2022 Russia’s invasion of Ukraine has “dramatically shaped mindsets” of people in Nordic states when it comes to applying for Nato membership, Finland and Sweden’s prime ministers have suggested this week. Finland’s premier Sanna Marin said the country would need to decide “quite fast, in weeks not months”, if it would join the military alliance, amid [...]
Wizz Air forecasts up to €652m loss after Covid rules and war in Ukraine dent air travel demand April 14, 2022 Budget airline Wizz Air said it anticipates a net loss of between €652m and €632m, as air travel demand was restrained by Covid and war in Ukraine. The airline anticipated a reported net loss for the full year while its fourth quarter operating result is expected to be within a range of a loss of [...]
Petropavlovsk considers subsidiary sales amid financial pressure and sanctions April 14, 2022 Troubled Russian gold producer Petropavlovsk has confirmed it is considering the sale of operating subsidiaries.
Russia’s flagship vessel ‘seriously damaged’ and in danger of sinking after Ukrainian missile strike April 14, 2022 A key Russian vessel in its Black Sea fleet was reportedly struck by a missile and is in danger of sinking after being engulfed in flames. The Moskva was said to be on fire after being hit near Odessa on Wednesday night, with AFP saying that in Russian media, it was reported as being “seriously [...]
Ed Warner: Docuseries triumph may drive wedge between media and sport April 14, 2022 “Please please please please just go away!” The letter writer signed off with his PS in green ink, only months into my stint as chair of UK Athletics in the days before tweets were a thing. I wish I’d kept it, the only time I’ve seen green ink scrawled in cliched anger. Sports leaders are [...]
Explainer-in-brief: Safety in numbers lures Nordics to Nato April 14, 2022 Finland’s Prime Minister said yesterday the country would decide “within weeks, not months” if the nation would apply for Nato membership. Sweden is expected to follow swiftly as the war in Ukraine forces the Nordics to look at their allies. In Finland, a margin of six to one voters backed membership of the defensive alliance. [...]
Tanker carrying 42,000 tonnes of Russian oil stopped by activists off UK coast April 14, 2022 A tanker carrying 42,000 tonnes of Russian oil was stopped by environmental activists off the Linconshire coast. Greenpeace campaigners confronted the vessel, the Seavictory, near the port of Immingham, demanding it turn around. The boat’s captain said it was carrying Russian cargo – which the UK has committed to banning by the end of 2022 [...]
City firms launch recruitment drive despite Brexit warnings April 14, 2022 City firms are scrambling to snap up the best talent in the financial services industry, suggesting the London jobs market has shaken off post-Brexit gloomy forecasts, reveals a closely watched survey published today. Banks, brokers and insurers in the Square Mile are recruiting for 73 per cent more roles in the first three months of [...]
Chelsea sale heading for full time as deadline arrives for potential world record £2.5bn deal April 13, 2022 This is a big week for Chelsea Football Club on the field, with the Blues’ men’s and women’s teams both preparing for FA Cup semi-finals on Sunday. For the men, the game is a must-win if they are to lift a trophy this season, as well as a chance to bounce back from a painful [...]
The City View: Rob Appleby, CIO of the Cibus Fund, on the future of food, food tech, and supply chain disruption April 13, 2022 Today Andy Silvester chats to Rob Appleby, co-founder and Chief Investment Officer of the Cibus Fund, a London-based private equity platform focused on investments in sustainable food and agriculture. They go through the tech revolution in farming; why we should rethink the production of food; the impact of Russia’s invasion of Ukraine on the global [...]