Big Oil’s exit from Russia is finally a true confluence between profit and purpose March 3, 2022 In November last year, any company with enough money to stamp their name on the top of a letterhead was clamouring to prove they weren’t just in it to make money; they were good people too. The Cop26 climate change summit offered an opportunity for businesses of all stripes to issue press releases and host [...]
New UK sanctions: Russian aviation and space industry blocked from insurance market March 3, 2022 The UK government has imposed fresh sanctions targeting Russia’s aviation and space industry, meaning that businesses cannot access the UK insurance sector. The measures, hauled in in response to Russia’s invasion of Ukraine, will “severely limit” access to the global insurance and reinsurance market, the UK government announced today. The European Union (EU) is expected [...]
Russian miners ditched from FTSE 100 March 3, 2022 Polymetal and Evraz have been booted from the FTSE 100 after shares in both Russia-exposed miners suffered severe losses.
OneWeb suspends satellite launch following Russian invasion March 3, 2022 Broadband firm OneWeb has said it will be suspending its Baikonur satellites launches following the ongoing invasion of the Kremlin in Ukraine. The tax-payer backed company came under fire for supposed plans to go ahead with the launch of 36 satellites using Russian Soyuz rockets. A spokesperson from OneWeb said this morning: “The Board of [...]
Analysis: Big Tech’s battle against disinformation March 3, 2022 As the horrifying war on the ground in Ukraine drags on, the disinformation campaign waged by the Kremlin is under attack from all sides. Nick Clegg, Meta’s head of global affairs, announced this week that Russia Today (RT) and Sputnik will have their access to Facebook and Instagram restricted in the European Union. The two [...]
Commodities boom drives up the price of EV batteries March 3, 2022 Total battery costs for electric vehicles have more than doubled since the start of the year, according to Rystad Energy.
Russian athletes banned from Winter Paralympics after rivals threaten boycott March 3, 2022 Athletes from Russia and Belarus have been banned from the Beijing Winter Paralympics after other nations, including Britain, threatened a boycott. The move represents a swift U-turn from International Olympic Committee, which had on Wednesday said they could compete as neutrals when the Games begin on Friday. It is the latest sporting sanction to hit [...]
London Stock Exchange blocks trading of Russian firms after sell-off frenzy March 3, 2022 The London Stock Exchange (LSE) has blocked trading of 27 Russia-linked firms today after their value plummeted as investors scrambled to sever ties with Russia and limit their exposure to Western sanctions.
London Stock Exchange Group boosts dividend amid booming profits and rising revenues March 3, 2022 London Stock Exchange Group enjoyed strong revenue growth and profits across all divisions last year, and has upped its final dividend.
Ed Warner: Sport needs a united front against Russia, not patchwork of policies March 3, 2022 On the opening day of Russia’s invasion of Ukraine the Polish wheelchair rugby team decided not to take to the court in their Euros group match against Russia in Paris. A classy move. If only others were so decisive. The leaders of world sport are already divided in their response to Vladimir Putin’s war. It [...]