US says 7,000 Russians killed in war as Zelensky lashes out at Germany March 17, 2022 The US believes more than 7,000 Russian troops have been killed during their invasion of Ukraine as Volodymyr Zelensky today lashed out at Germany for not giving his country enough support. US officials told the New York Times its latest estimate today, which would be more than the amount of American troops killed in the [...]
London’s top indexes jump as Bank of England hikes rates again March 17, 2022 London’s top indexes jumped yesterday after the Bank of England lifted interest rates for the third meeting in a row. The capital’s premier FTSE 100 index climbed 1.28 per cent higher to 7,385.34 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.34 per cent [...]
North Sea round-up: Harbour Energy announces cash bonanza while Shell keeps Cambo stake March 17, 2022 Harbour Energy, the biggest oil and gas producer in the UK North Sea, has revealed it should generate up to $1.7bn (£1.29bn)
India’s Reliance Industries considers divesting from Russian fuel March 17, 2022 India's Reliance Industries could avoid buying Russian fuels for its plants after the West imposed sanctions on the country.
Oil markets rebound after IEA warns of supply shortages March 17, 2022 Oil prices have soared nearly seven per cent, following IEA warnings of supply shortages this year with Russian oil increasingly cut off
OECD: Russia-Ukraine war to knock global economy March 17, 2022 Russia’s invasion of Ukraine will shave around one percentage point off of global economic growth this year, reveals new forecasts by the group of rich nations. Disruption to flows of Russian and Ukrainian commodities as a result of the conflict will deliver a sharp blow to the Eurozone economy, according to the Organisation of Economic [...]
Furious Putin lashes out at ‘scum and traitors’ as Ukraine invasion stalls and yet another Russian general is killed March 17, 2022 Russia’s president Vladimir Putin appeared on Russian state television late last night to excoriate Russians who do not back him, even as both sides expressed optimism over efforts to negotiate an end to the fighting. Russians “will always be able to distinguish true patriots from scum and traitors and will simply spit them out like [...]
Businesses could waste over £30bn worth of energy this year March 17, 2022 eEnergy says UK businesses waste £33.9bn worth of energy in 2022, enough to power Greater London for over seven years.
Lukoil board members step down from roles March 17, 2022 Three international board members of Russian petroleum giant Lukoil have left the company today. This includes Roger Munnings, chairman of the Russian-British Chamber of Commerce, Toby Gati, member of the US-Russia Business Council (USRBC), and former Austrian Federal Chancellor Wolfgang Schüssel, president of TTG Global. The oil company’s board of directors now consists of eight [...]
Medicine market in Russia ‘stable’ as GSK commits to keeping up supply March 17, 2022 GlaxoSmithKline’s (GSK) will halt clinical trials in Russia but maintain the supply of essential medicines, following the Kremlin-backed invasion of Ukraine. The London-headquartered group has no manufacturing operations in Russia or Ukraine, while its supply chain and raw material access will be minimally impacted, according to Reuters. GSK follows Pfizer, who has pledged all its [...]