Coal consumption climbs to all-time high, reveals IEA December 17, 2022 Global coal consumption will rise to an all-time high this year and remain flat at that level until 2025, according to the IEA.
Government reforms needed to claim £1bn in extorted assets December 16, 2022 A potential £1bn of proceeds from political extortion are up for grabs if the UK Government undergoes reforms.
Russian oligarch seeks to block fraud lawsuit over sanctions December 14, 2022 A high-profile Russian oligarch is seeking to block an $850m (£685m) fraud lawsuit over claims the Russian banks suing him could use proceeds from the case to “fund the war in Ukraine”. Lawyers acting on behalf of Russian banker Boris Mints called for the High Court lawsuit to be put on hold in arguing any [...]
EU raises €20bn to boost green energy and slash reliance on Russian fossil fuels December 14, 2022 The EU has squeezed an extra €20bn from its carbon market for investments to slash the bloc's reliance on Russian fossil fuels.
White-shoe law firm ups new City lawyers’ pay to £160,000 a year December 14, 2022 Cleary Gottlieb has become the latest US law firm to boost salaries in the UK’s legal market after upping pay for newly-qualified (NQs) lawyers in its London office to £160,000 a year. The white-shoe law firm has given its City NQs a 14 per cent pay rise, in offering to boost their salaries by £20,000 [...]
HSBC confirms plans to stop funding new oil and gas fields December 14, 2022 HSBC has revealed it will stop funding new oil and gas fields, as part of a wider update of its environmental policies.
EU to push for greater sanctions compliance with new special envoy December 12, 2022 The EU is set to put one of its top civil servants to the task of pushing for greater compliance with sanctions against Russia, in third-countries including Turkey, Serbia, and the United Arab Emirates (UAE). David O’Sullivan, the bloc’s former ambassador to the US, is set to take up a new role in January, in [...]
The special relationship with the US is fertile ground for investment into the UK December 12, 2022 Last week, a new bilateral energy deal between the UK and the US, to reduce global dependence on Russian gas, underlined the continuing strength of the “special relationship”. In a joint statement, Rishi Sunak and Joe Biden stressed the need for “allied countries to deepen their cooperation to ensure resilient international systems which reflect our [...]
Rishi Sunak: Kremlin needs to leave Ukraine before any agreement considered December 10, 2022 The Kremlin will need to pull its forces out of Ukraine before any peace agreement can be considered, according to Rishi Sunak. Sunak and Ukrainian President Volodymyr Zelensky yesterday agreed on the importance of pre-empting Russia’s calls for a ceasefire. The PM – who met with the president for the first time since becoming prime [...]
Try as Sturgeon might, Scotland can’t overcome the problem of geography December 8, 2022 There is a saying in Mexico, “So far from God and so close to the United States”, to explain how its proximity to a richer and larger neighbour has stunted its development and bedevilled its politics. They would likely have short shrift then for the plight of Scotland, which once dreamed of conquering Panama, and [...]