Putin signs order confirming rouble requirement for gas payments March 31, 2022 European nations will have to pay for gas supplies from Russia in roubles, confirmed the country's President Vladimir Putin today.
UK expands sanctions to include Russian generals and media personalities March 31, 2022 The UK has hit a further 14 people with sanctions in response to Vladimir Putin’s invasion of Ukraine, with media personalities and a senior Russian general targeted. Foreign secretary Liz Truss said the latest tranche of sanctions were aimed at stopping the “torrent of lies” and propaganda coming from the Kremlin about the invasion. Rossiya [...]
Putin facing Russian military rebellion over Ukraine invasion, says spy chief March 31, 2022 Vladimir Putin is facing a growing military rebellion over his invasion of Ukraine and is being lied to by his advisers about the faltering war, according to a UK spy chief. Sir Jeremy Fleming, the director of Government Communications Headquarters (GCHQ), said this morning that the Russian President had “massively misjudged” the strength of his army [...]
Fracking industry given reprieve as NSTA lifts plugging order on Lancashire shale wells March 31, 2022 The North Sea Transition Authority has lifted an order for Cuadrilla to plug and abandon the country's two remaining shale gas wells.
Oil prices plunge as US weighs up release of strategic reserves March 31, 2022 Oil prices fell heavily this morning, following reports the US is considering the release of up to 180m barrels.
Stellantis to close Russian van plant as supply chain issues bite March 31, 2022 Automotive giant Stellantis said today it will be forced to close its Russian van plant following a shortage of parts. Operating only for the local market, the facility is situated in the western city of Kaluga and was run in partnership with Mitsubish. The world’s fourth-largest car maker didn’t specify whether it would write down [...]
SpaceX’s Starlink to branch out into Asia, says Filipino trade secretary March 31, 2022 Starlink, the satellite broadband service founded by billionaire entrepreneur Elon Musk, has branched out into the Philippines, according to the country’s trade secretary today. Starlink, part of Musk’s SpaceX, is currently scouting out locations for where its ground terminals will be based, while its business permit application is being processed, trade minister Ramon Lopez said. [...]
Japan will keep hold of Russian LNG stake March 31, 2022 Japan will not abandon its stake in the Sakhalin-2 LNG project in Russia, which the prime minister argued is key for energy security.
Cop 26 group sets out sustainability standards as concerns grow over greenwashing March 31, 2022 An international body set up to standardise company environmental reporting has set out a first set of draft guidelines today, as fears grow over the veracity of investment opportunities labelled as green.
H&M reveals 240 store closures in ‘established markets’ March 31, 2022 H&M has announced 240 global store closures after posting a slowdown in sales after suspending activities in Russia. The Swedish retailer has said it will open some 95 new stores and shut around 240 stores this year, with a net decrease of 145 spaces. Closures will “mainly be in established markets,” the fashion company said, [...]