Vitali Klitschko accuses Russians of genocide as mass graves found near Kyiv April 3, 2022 Kyiv mayor Vitali Klitschko has accused Russia of committing genocide in Ukraine, after a mass grave with 280 bodies was found in a city just outside Kyiv. Ukrainian soldiers won back Bucha, 17 miles to the West of Kyiv, over the weekend as the country’s troops continue its counter-offensive against Russian positions. The Ukraine Defence [...]
Energy rationing is ‘not the route we want to go down’ says Transport Secretary Grant Shapps April 3, 2022 Grant Shapps has ruled out energy rationing in the UK, despite increased pressure on global supplies following Russia's invasion of Ukraine.
RTE urges French households to cut consumption tomorrow as cold snap bites April 3, 2022 French power grid operator RTE has requested companies, local authorities and households to reduce their energy consumption.
Investors suing Russia say Kremlin will use law firm’s exit to delay $57bn Yukos Oil proceedings April 3, 2022 Investors suing the Russian state have raised concerns their case will be delayed after the New York City law firm acting on behalf of Russia exited the country and cut its ties with the Kremlin. A consortium of investors said they fear Russia will use delays to avoid paying a $57bn (£43bn) claim, by arguing [...]
UK could build up to seven nuclear power plants reveals Kwarteng April 3, 2022 The UK could build up to seven new nuclear power stations as part of plans to ramp-up domestic energy production.
Fast fashion: Shein raising funds at £100bn after IPO plans delayed amid Russia conflict April 3, 2022 Chinese fast fashion retailer Shein is reportedly eyeing a funding round at a valuation of some $100bn. The Gen Z e-commerce giant is in talks with potential investors to raise around $1bn, according to a report from Bloomberg, citing people familiar with the matter. Bosses are still mulling over the plans, with potential for details [...]
Lithuania puts pressure on EU with import ban on Russian natural gas April 3, 2022 Lithuania has become the first European nation to stop importing Russian natural gas to meet its domestic consumption needs.
Week ahead: City braces for Russia-Ukraine hit to economic activity April 3, 2022 The City will be combing through a week of closely watched economic data for signs of the Russia-Ukraine war weighing on growth. London’s premier FTSE 100 index rose 0.73 per cent last week to close at 7,537.90 points. The domestically-focused FTSE 250 index fared better, climbing 1.25 per cent. Fresh services purchasing managers’ indexes (PMI) [...]
Russian Army pulls back as weekend fightback picks up: Ukrainian forces retake Kyiv suburbs despite fear of booby-traps April 2, 2022 Ukrainian forces are taking back suburbs and other areas surrounding capital Kyiv this weekend, and they have reportedly moved to retake territory north of the country’s capital amid fears that Russian forces might have set booby-traps before leaving. Ukrainian President Volodymyr Zelensky warned in his nightly video address hours earlier that departing Russian troops were [...]
Kremlin provides £919.3m for domestic aviation following West sanctions April 2, 2022 The Kremlin announced today it would provide 100bn roubles (£919.3m) to help the Russian domestic aviation market as the sanctions imposed by the West continue to bite. President Putin said in a televised address that domestic flights should become cheaper for Russian and that the share of Russian-made aircraft should increase. Aviation was one of [...]