Exclusive: Yü Group boss hopes to pick ‘low hanging fruit’ from Big Six suppliers March 23, 2022 The Big Six energy firms are asleep at the wheel, meaning challenger suppliers have a great chance to pick up new customers.
Highest since 2015: Russian inflation goes through the roof as level accelerates to 12.5 per cent March 23, 2022 It seems another headache is coming Vladimir Putin’s way as inflation in Russia has shot up to 12.5 per cent, the country’s highest level since 2015. Annual inflation in Russia accelerated to 12.5 per cent as of March 11, its highest since late 2015 and up from 10.4 per cent a week earlier, the economy [...]
Exclusive: Jobs in London’s £30bn green sector to double by 2030 March 23, 2022 The number of green jobs in central London is expected to double by the end of the decade – and double again by 2050 – according to research shared exclusively with City A.M. today. The green sector, which generated around £29bn in 2021, will host 335,000 jobs in the capital by 2030, research by Central [...]
Ukraine war may be starting to pay off for Putin as Zelensky is prepared to ‘compromise’ in apparent U-turn March 23, 2022 Reports are coming in from Kyiv this morning that Ukrainian President Volodymyr Zelensky is prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire, the withdrawal of Russian troops and a guarantee of Ukraine’s security. “It’s a compromise for everyone: for the West, which doesn’t know what to [...]
Editorial: The West wants a united front against Putin, but Germany and France have their limits March 23, 2022 It has become a truism to say that Vladimir Putin’s invasion of Ukraine has seen the west unite in ways that were unheard of even a few years ago. So the argument goes, countries across Europe and north America have rallied fast to the cause of freedom, no matter the consequences – spiking energy bills, [...]
UK ‘not protected from economic consequences’ of Russia sanctions, say MPs March 23, 2022 An influential Westminster committee has claimed the British economy is “not protected from the economic consequences” of western sanctions against Russian oil and gas, and that Rishi Sunak must bring forward help to the country’s lowest earners. A report from the Treasury Select Committee said the UK government was “right to insist” on wide-ranging sanctions [...]
Total severs Russian oil supply contracts March 22, 2022 French oil giant TotalEnergies said it would cut off the Russian gasoil and crude oil supply contracts for its German refinery today.
Exclusive: Sanctioned Russian bank to vote in City of London Corporation election March 22, 2022 Russia’s second largest bank VTB Bank will get a share of votes in the City of London Corporation election on Thursday, despite being severely sanctioned by the UK government. The powerful local authority allows businesses located in the City to have a certain number of votes, depending on how many staff they have, as only [...]
London Metal Exchange says it has no plans to shut out Russian metals March 22, 2022 The London Metal Exchange said it has no plans to block trading metals from Russian producers despite pressure to clampdown.
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.