Germany seizes control of Gazprom supply arm April 5, 2022 The German government has taken hold of Gazprom's German unit - to prevent a Russian-backed takeover of the business.
War on words: Russia threatens to fine Wikipedia over ‘false information’ April 5, 2022 A Russian watchdog has threatened to fine Wikipedia unless it removes an unfavourable account of the invasion of Ukraine.
The Russia–Ukraine war and other geopolitical risks April 5, 2022 The war in Ukraine is dominating the headlines. For now. But the conflict’s indirect reverberations will ripple far beyond the borders of its combatants and their allies. Indeed, they could give rise to new and varied geopolitical risks throughout the world. The war’s potential effect on the global grain supply and food inflation is especially [...]
10m British pensions at BlackRock ‘helped’ Putin’s invasion of Ukraine via £1bn in oil energy dividends April 5, 2022 Fund manager BlackRock – which oversees 10 million British pensions – has helped Putin build his war chest by investing heavily in Russia’s biggest companies, the Bureau of Investigative Journalism told City A.M. this morning. While those investments have strengthened Putin, they have also generated a fortune for BlackRock’s clients, the group said. Since 2014, [...]
Merkel defends blocking Ukraine’s Nato bid as Zelensky criticises her ‘policy of concession’ to Moscow April 5, 2022 Former German Chancellor Angela Merkel has defended her decision to block Ukraine’s Nato application, as President Zelensky criticised her “policy of concession” towards Moscow. The former leader was called out by President Volodymyr Zelensky, who also took aim at France’s former president Nicolas Sarkozy, after mass graves and hundreds of unarmed civilians were found in [...]
Inflation heats up as UK firms launch record price rises April 5, 2022 The cost of living squeeze that is already threatening to cool growth is tightening, driven by UK businesses lifting prices at the fastest pace on record to cope with a cost storm, a closely watched survey released today reveals. A combination of soaring staff costs, swelling energy bills and higher raw material prices has coaxed [...]
Ukraine war is dramatically dialling up risk of global recession April 5, 2022 The war in Ukraine has dramatically dialled up the risk of a global recession, according to leading economist. The conflict has thrown a ‘massive monkey wrench’ into what was a gradually improving post-pandemic picture, Ira Kalish, chief global economist at Deloitte told delegates at the World Retail Congress in Rome. And it could have damaging, [...]
Civilian ship sinking in Mariupol after Russian shelling April 5, 2022 Ukraine says a civilian ship is sinking in the port of Mariupol after Russian forces fired on it. The Ukrainian Interior Ministry said the ship was struck during “shelling from the sea” by Russia, causing a fire in the engine room. The crew was rescued, including one injured crew member, it added. The ministry said [...]
Hiring boom: TUI recruits over 1,500 new people in digitalisation push April 5, 2022 TUI announced today it was hiring more than 1,5000 new people as part of its digitalisation push. Under the new recruitment plan, 500 people will be hired to work in the company’s technology and e-commerce divisions, while more than 1,000 will be stationed at holiday destinations. “TUI has continued to invest in the digitalisation of [...]
What does the current volatility mean for energy transition investing? April 5, 2022 The driving forces behind the energy transition remain as strong as ever and the current market volatility has only enhanced these trends. There is a lot going on in the financial markets right now. Meaningful inflation has returned for the first time in decades. Supply chains everywhere continue to be disrupted. Geopolitical and social tensions [...]